Pinnacle West Capital Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Simply Wall St.11-08

Pinnacle West Capital (NYSE:PNW) Third Quarter 2024 Results Key Financial Results Revenue: US$1.77b (up 8.0% from 3Q 2023). Net income: US$395.0m (flat on 3Q 2023). Profit margin: 22% (down from 24% ...

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The decrease in margin was driven by higher expenses.NYSE:PNW Earnings and Revenue Growth November 8th 2024. All figures shown in the chart above are for the trailing 12 month  period. Revenue exceeded analyst estimates by 4.2%. Earnings per share  missed analyst estimates by 4.3%.Looking ahead, revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Electric Utilities industry in the US.The company's shares are up 1.6% from a week ago.Don't forget that there may still be risks. For instance, we've identified   3 warning signs for Pinnacle West Capital   you should be aware of.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"PNW":"品尼高西方资本品西资本"},"translate_title":"Pinnacle West Capital 2024年第三季度收益：收入超出预期，每股收益滞后","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PNW":1},"content_text":"Pinnacle West Capital (NYSE:PNW) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$1.77b (up 8.0% from 3Q 2023).\nNet income: US$395.0m (flat on 3Q 2023).\nProfit margin: 22% (down from 24% in 3Q 2023). The decrease in margin was driven by higher expenses.\nEPS: US$3.47 (down from US$3.51 in 3Q 2023).\n\n\n\n\n  NYSE:PNW Earnings and Revenue Growth November 8th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nPinnacle West Capital Revenues Beat Expectations, EPS Falls Short\n Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) missed analyst estimates by 4.3%. \n Looking ahead, revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Electric Utilities industry in the US. \nPerformance of the American Electric Utilities industry.\n The company's shares are up 1.6% from a week ago. \nRisk Analysis\n Don't forget that there may still be risks. For instance, we've identified   3 warning signs for Pinnacle West Capital (1 can't be ignored)  you should be aware of. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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