Pinnacle West Capital to Post Q4 Earnings: Here's What to Expect

Pinnacle West Capital Corporation PNW is scheduled to release fourth-quarter 2024 results on Feb. 25, before market open. The company delivered an earnings surprise of 0.6% in the last reported quarter.See the Zacks Earnings Calendar to stay ahead of market-making news.Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.Major Factors That Might Have Impacted PNW's Q4 PerformancePinnacle West Capital’s top-line performance is expected to have benefited from retail customer growth and an increase in retail electricity sales. The quarterly results are likely to gain from robust commercial load growth driven by data centers.Arizona Public Service’s (“APS”) Energy Management System is expected to continue to provide a better foundation, which might improve the future integration of renewable and energy storage assets into APS’ generation resource portfolio. This is likely to have had a positive impact on the company’s quarterly performance.However, planned outage in the fourth quarter might have resulted in higher operations and maintenance expenses. Higher depreciation, amortization and property taxes must have offset some positives.PNW’s Q4 ExpectationsThe Zacks Consensus Estimate for earnings is pegged at a loss of 15 cents per share.The Zacks Consensus Estimate for revenues is pinned at $1.06 billion, implying a year-over-year increase of 6.6%.The Zacks Consensus Estimate for total electric sales is pinned at 7,617.83 gigawatt-hour, up 0.9% from the figure registered in the year-ago quarter.  What Our Quantitative Model PredictsOur proven model does not predict an earnings beat for Pinnacle West Capital this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That is not the case here as you will see below.   Pinnacle West Capital Corporation Price and EPS Surprise Pinnacle West Capital Corporation price-eps-surprise | Pinnacle West Capital Corporation QuoteEarnings ESP: The company’s Earnings ESP is 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.Zacks Rank: Currently, Pinnacle West Capital carries a Zacks Rank #3. You can see the complete list of today's Zacks #1 Rank stocks here.Recent ReleasesEversource Energy ES reported fourth-quarter 2024 adjusted earnings of $1.01 per share, which surpassed the Zacks Consensus Estimate of 99 cents by 2%.ES’ long-term (three to five years) earnings growth rate is 5.49%. The Zacks Consensus Estimate for 2025 sales is pinned at $12.91 billion, implying a year-over-year increase of 8.5%.DTE Energy Company DTE reported fourth-quarter 2024 operating earnings per share of $1.51, which beat the Zacks Consensus Estimate of $1.46 by 3.4%.DTE’s long-term earnings growth rate is 7.57%. The Zacks Consensus Estimate for 2025 sales is pinned at $12.98 billion, implying a year-over-year increase of 4.2%.Exelon Corporation’s EXC fourth-quarter 2024 earnings of 64 cents per share surpassed the Zacks Consensus Estimate of 59 cents by 8.5%.EXC’s long-term earnings growth rate is 5.71%. The Zacks Consensus Estimate for 2025 sales is pinned at $23.8 billion, implying a year-over-year increase of 3.4%. 5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Exelon Corporation (EXC): Free Stock Analysis Report DTE Energy Company (DTE): Free Stock Analysis Report Pinnacle West Capital Corporation (PNW): Free Stock Analysis Report Eversource Energy (ES): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks