Phoenix,shackled the lord series read online free AZ-based Pinnacle West Capital Corporation (PNW) provides electricity services in the state of Arizona through its subsidiaries. The company is involved in the generation, transmission and distribution of electricity from coal, nuclear, gas, oil and renewable resources.

Through its wholly owned subsidiary, Arizona Public Service Company (“APS”), Pinnacle West transmits and distributes electricity to roughly 1.2 million residential, commercial and industrial customers in 11 of the state’s 15 counties.

The gradual recovery in Arizona’s economy, decline in unemployment rates and increasing housing permits for single and multi-family units bode well for the company going forward.

Estimate Trend & Surprise History

Investors should note that the first quarter Zacks Consensus Estimate for earnings of 18 cents per share has decreased by 5.3% over the last 90 days.

Coming to the earnings surprise, Pinnacle West Capital has surpassed the Zacks Consensus Estimate in three of the last four quarters. However, the wider earnings miss in fourth-quarter 2014 has resulted in a negative average surprise of 14.28%.

Zacks Rank: Currently, Pinnacle West has a Zacks Rank#3 (Hold) but that could change following its first quarter 2015 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below:

Earnings: Pinnacle West missed earnings estimate. Adjusted earnings per share came in at 14 cents, lagging the Zacks Consensus Estimate of 18 cents by 22.2%.

Revenue: Revenues of $671.3 million lagged the year ago revenue by 2.2%.

Key Stats: Pinnacle West registered 1.2% increase in total customer base, primarily due to increase in residential retail customers.

Stock Price: It would be interesting to see how the market reacts to the first quarter earnings miss during the trading session today.

Check back later for our full write up on this PNW earnings report later!

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.

Click to get this free report

PINNACLE WEST (PNW): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

View comments

(责任编辑：Encyclopedia)