Yahoo Finance Pinnacle West Capital First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
Pinnacle West Capital (NYSE:PNW) First Quarter 2024 Results
Key Financial Results
Revenue: US$951.7m (flat on 1Q 2023).
Net income: US$16.9m (up from US$3.30m loss in 1Q 2023).
Profit margin: 1.8% (up from net loss in 1Q 2023).
EPS: US$0.15 (up from US$0.029 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Pinnacle West Capital EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) exceeded analyst estimates.
Looking ahead, revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Electric Utilities industry in the US.
Performance of the American Electric Utilities industry.
The company's shares are up 1.1% from a week ago.
Risk Analysis
You should learn about the 3 warning signs we've spotted with Pinnacle West Capital (including 1 which is a bit unpleasant).
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