Pinnacle West Capital Corp (NYSE: PNW) has reported E.P.S. of $0.00 for its fourth fiscal quarter (ending December 31) versus $-0.21 for the same period a year ago. This performance was $0.13 better than the consensus estimate of $-0.13. E.P.S. were $4.42 for the latest four quarters through December 31 versus $4.27 for the same period a year ago — an increase of 4%.
Recent Price Action
On 2/27/24, Pinnacle West Capital Corp (NYSE: PNW) stock declined slightly by -0.4%, closing at $69.01. Moreover, trading volume in this decline was exceptionally high at 241% of normal. Relative to the market the stock has been weak over the last nine months but has risen 1.6% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed 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). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Pinnacle West Capital has a good Appreciation Score of 75 but a poor Power Rating of 28, 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.
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