Pinnacle West Capital EPS beats by $0.30, beats on revenue; issues FY21 and FY22 guidance

Nov. 05, 2021 8:45 AM ETPinnacle West Capital Corporation (PNW)By: Meghavi Singh, SA News Editor36 Comments
  • Pinnacle West Capital (NYSE:PNW): Q3 GAAP EPS of $3.00 beats by $0.30.
  • Revenue of $1.31B (+4.8% Y/Y) beats by $80M.
  • Press Release
  • Following the recent conclusion of APS’s rate case, the company expects its 2021 full-year ongoing consolidated earnings will be within a range of $5.25 to $5.35 per diluted share vs. consensus of $4.98 on a weather-normalized basis. Looking ahead to 2022, the Company estimates its ongoing consolidated earnings will be within a range of $3.80 to $4.00 per diluted share vs. consensus of $4.45.

  • Key factors and assumptions underlying both the 2021 and 2022 outlook can be found in the third-quarter 2021 earnings presentation slides at pinnaclewest.com/investors.

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