Pinnacle West Capital: Q1 Earnings Insights

Pinnacle West Capital PNW reported its Q1 earnings results on Wednesday, May 4, 2022 at 08:40 AM.

Here's what investors need to know about the announcement.

Pinnacle West Capital beat estimated earnings by 150.0%, reporting an EPS of $0.15 versus an estimate of $0.06.

Revenue was up $87.06 million from the same period last year.

Last quarter the company beat on EPS by $0.18 which was followed by a 6.84% increase in the share price the next day.

Here's a look at Pinnacle West Capital's past performance:

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	0.06	2.79	1.58	0.25
EPS Actual	0.24	3	1.91	0.32
Revenue Estimate	659.69M	1.24B	962.86M	706.92M
Revenue Actual	798.86M	1.31B	1.00B	696.48M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Pinnacle West Capital management provided guidance for FY 2022, expecting earnings between $3.9 and $4.1 per share.

To track all earnings releases for Pinnacle West Capital visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.