Phoenix, AZ-based, Pinnacle West Capital Corporation PNW, together with its subsidiaries, provides electricity services in the state of Arizona.
Pinnacle West’s will continue to gain on the back of improving economic conditions in its service territories and Cost-management initiatives.
The solid job growth rate in the Metro Phoenix area and increase in customer volume will boost demand.
Estimate Trend & Surprise History
Investors should note that the first quarter Zacks Consensus Estimate for earnings of 10 cents per share has decreased by a penny in the last 30 days.
Coming to the earnings surprise, Pinnacle West has surpassed the Zacks Consensus Estimate in all last four quarters, resulting in an average positive surprise is 41.01%