Recap: Pinnacle West Capital Q4 Earnings

Pinnacle West Capital PNW reported its Q4 earnings results on Friday, February 25, 2022 at 08:40 AM.

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

Pinnacle West Capital beat estimated earnings by 300.0%, reporting an EPS of $0.24 versus an estimate of $0.06.

Revenue was up $57.90 million from the same period last year.

Last quarter the company beat on EPS by $0.21 which was followed by a 1.51% increase in the share price the next day.

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

Quarter	Q3 2021	Q2 2021	Q1 2021	Q4 2020
EPS Estimate	2.79	1.58	0.25	0.04
EPS Actual	3	1.91	0.32	-0.17
Revenue Estimate	1.24B	962.86M	706.92M	715.74M
Revenue Actual	1.31B	1.00B	696.48M	740.96M

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 their next quarter, expecting earnings between $3.9 and $4.1 per share for the next quarter.

This represents a 1566.67% in quarter-over-quarter growth for Pinnacle West Capital, a bullish signal to many investors.

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

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