Pinnacle West Capital Sees FY24 EPS $4.60-$4.80 Vs $4.71 Est.
Portfolio Pulse from Benzinga Newsdesk
Pinnacle West Capital projects its FY24 earnings per share (EPS) to be in the range of $4.60-$4.80, compared to the estimated $4.71. This forecast suggests a potential variance around the current analyst consensus, indicating a cautious but potentially optimistic outlook for the company's financial performance in the upcoming fiscal year.
May 02, 2024 | 12:00 pm
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Pinnacle West Capital forecasts its FY24 EPS to be between $4.60 and $4.80, which is around the analyst estimate of $4.71. This guidance indicates a potential for financial performance that could either slightly exceed or fall short of current market expectations.
The projected EPS range provided by Pinnacle West Capital is closely aligned with the analyst estimate, suggesting a balanced view of the company's future earnings potential. This forecast could lead to a neutral short-term impact on the stock price as it does not significantly deviate from current expectations. However, the company's ability to meet or exceed the higher end of its guidance could positively influence investor sentiment, while falling towards the lower end might cause concern.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100