UPDATE: Pinnacle West Capital (PNW) Tops Q4 EPS by 7c, Miss on Revenues; Boosts FY18 EPS Mid-Point Above Consensus

Note: EPS may not be comparable

Pinnacle West Capital (NYSE: PNW) reported Q4 EPS of $0.19, $0.07 better than the analyst estimate of $0.12. Revenue for the quarter came in at $759.66 million versus the consensus estimate of $766.76 million.

Financial Outlook

For 2018, Pinnacle West estimates its consolidated earnings guidance will be in the range of $4.35 to $4.55 per diluted share, and expects to achieve a consolidated earned return on average common equity of more than 9.5 percent. The Company increased its earnings guidance expectations from a previously disclosed range of $4.25 to $4.45 per share.

GUIDANCE:

Pinnacle West Capital sees FY2018 EPS of $4.35-$4.55.

For earnings history and earnings-related data on Pinnacle West Capital (PNW) click here.

You May Also Be Interested In

• Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
• Assurant (AIZ) is Piper Sandler's Weekly Focus Idea
• Morgan Stanley sees little room left in steel rally, cuts Cleveland-Cliffs rating