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.
Past Earnings Performance
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|
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.
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