Pinnacle West Capital Corp (NYSE: PNW) has reported earnings for its first fiscal quarter (ending March 31) of $0.15 versus a loss $-0.03 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $4.60 compared to $4.09 a year ago — an increase of 12%.
Recent Price Action
Pinnacle West Capital Corp (NYSE: PNW) stock closed at $75.04 on 5/2/24 after a slight gain of 0.1%. However, below average trading volume at 79% of normal accompanied the advance. The stock has risen 0.7% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, PNW is expected to continue to be a Value Builder.
Pinnacle West Capital has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Pinnacle West Capital has a good Appreciation Score of 75 but a poor Power Rating of 24, triggering the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment