For its second fiscal quarter (ending June 30), Pinnacle West Capital Corp (NYSE: PNW) has reported E.P.S. of $1.79 compared to $0.94 a year ago. E.P.S. were $5.45 for the latest four quarters through June 30 versus $3.58 for the same period a year ago.
Recent Price Action
On 8/1/24, Pinnacle West Capital Corp (NYSE: PNW) stock enjoyed a large increase of 2.9%, closing at $88.07. Moreover, this advance was accompanied by unusually high trading volume at 181% of normal. The stock has performed in line with the market over the last nine months and has risen 5.5% during the last week.
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 B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Pinnacle West Capital has a neutral Power Rating of 51 but a good Appreciation Score of 72, resulting in the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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