Pinnacle West Capital (PNW) Misses Q1 EPS by 8c, Miss on Revenues; Offers FY18 EPS Mid-Point Guidance Below Consensus

Pinnacle West Capital (NYSE: PNW) reported Q1 EPS of $0.03, $0.08 worse than the analyst estimate of $0.11. Revenue for the quarter came in at $692.71 million versus the consensus estimate of $699.15 million.

Financial Outlook

For 2018, the Company continues to expect its consolidated earnings guidance will be in the range of $4.35 to $4.55 per diluted share, and expects to achieve a consolidated earned return on average common equity of more than 9.5 percent.

GUIDANCE:

Pinnacle West Capital sees FY2018 EPS of $4.35-$4.55, versus the consensus of $4.47.

For earnings history and earnings-related data on Pinnacle West Capital (PNW) click here.

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