Phoenix, Arizona-based Pinnacle West Capital Corporation (PNW) provides retail and wholesale electric services primarily in the state of Arizona. With a market cap of $9.3 billion, Pinnacle West Capital engages in the generation, transmission, and distribution of electricity using coal, nuclear, gas, oil, and solar generating facilities. It is expected to announce its Q2 earnings before the market opens on Thursday, August 1.
Ahead of the event, analysts anticipate Pinnacle West to report a profit of $1.17 per share, up 24.5% from $0.94 per share reported in the year-ago quarter. The company has surpassed Wall Street’s EPS estimates in three of the past four quarters while missing on one other occasion. Its EPS for the last reported quarter amounted to $0.15, bouncing back from a loss of $0.03 per share in the previous year quarter and surging past the Street's estimates by a whopping 850%.
