Pinnacle West Capital Corporation (PNW) earnings on May 4, 2026
More Pinnacle West Capital Corporation earnings
Prior outlook: Pessimistic Outcome: Accurate
PNW opened slightly higher but then dropped sharply, falling as much as 2.25% during the day and closing down 1.64%, showing the stock's defensive nature as expected.
PNW price around the earnings
101.83
Change: -1.6%
2026-05-04, 19:59 UTC
- Price: green if it ends above the starting price; red if it ends below
- No trading (market closed)
- Starting price
Prior thesis
Prior outlook: Pessimistic Outcome: Accurate
- Thesis published
Analysts neutral, upside limited; a cautious scenario is warranted.
Analysts maintain a neutral stance with limited expectations for price increases. Weak market performance and recent price target reductions contribute to a defensive outlook.
Context analyzed before publication
- Summary
- Analysts neutral, upside limited; the scenario warrants caution.
- Reasoning
- Analysts maintain a neutral stance with limited expectations. Weak market performance and recent price target reductions contribute to a defensive outlook.
- Playbook
- With analysts suggesting a hold and the scenario appearing minimally optimistic, the outlook remains cautious until a more favorable scenario emerges.
- Trend
- Outlook deteriorating over past three sessions.
Analysts
Drivers
-
Analysts
Negative
The general analyst recommendation is to hold the stock, with price targets indicating only modest potential. One firm recently lowered its price target, reinforcing a cautious view.
Evidence
- Analyst consensus
- Hold
- Consensus average (1-5)
- 2.61
- Analysts covering the stock
- 14
- Average price target
- 105.29
- Lowest price target
- 87
- Highest price target
- 124
- Upside to price target
- 4.3%
- Revenue growth
- 3%
- Forward EPS
- 5.58
- Trailing EPS
- 5.05
- Analyst moves in the last 60 days
- 8
- Strong buy: 0
- Buy: 4
- Hold: 13
- Sell: 0
- Strong sell: 1
- Strong buy
- 0
- Buy
- 4
- Hold
- 13
- Sell
- 0
- Strong sell
- 1
- April 21, 2026 · Morgan Stanley: Maintains rating (Equal-Weight → Equal-Weight)
- April 21, 2026 · Truist Securities: Initiates coverage (Hold)
- April 14, 2026 · Argus Research: Maintains rating (Buy → Buy)
- March 31, 2026 · Barclays: Maintains rating (Equal-Weight → Equal-Weight)
- February 26, 2026 · Citigroup: Maintains rating (Neutral → Neutral)
- February 26, 2026 · TD Cowen: Maintains rating (Hold → Hold)
- February 26, 2026 · BMO Capital: Maintains rating (Market Perform → Market Perform)
- February 26, 2026 · Wells Fargo: Maintains rating (Equal-Weight → Equal-Weight)
News and sentiment
Drivers
-
News & sentiment
Negative
A recent report highlights a major firm maintaining a neutral rating and reducing its price target, contributing to a negative sentiment. High retail interest on low volume could be misleading.
Evidence
Sentiment
- Sentiment
- Constructive
- Mention volume
- Low
- Normalized volume
- 33%
News
Sources (4)
- Morgan Stanley Maintains Equal-Weight on Pinnacle West Capital, Lowers Price Target to $98 — Benzinga
- Truist Securities Initiates Coverage On Pinnacle West Capital with Hold Rating, Announces Price Target of $108 — Benzinga
- Argus Research Maintains Buy on Pinnacle West Capital, Raises Price Target to $106 — Benzinga
- Barclays Maintains Equal-Weight on Pinnacle West Capital, Raises Price Target to $101 — Benzinga
Technicals
Drivers
-
Technical
Negative
The stock's recent price trend has lagged the market, showing underperformance. It is currently market review near a price ceiling, which may limit its ability to advance further.
Evidence
- Average true range (ATR)
- 1.6%
- Distance to 52-week high
- -3.8%
- 14-day change (14d)
- -0.6%
- 30-day change
- -0.0%
- 30-day relative strength
- -3.8%
- Benchmark change
- +3.8%
- Nearest support
- 97.15
- Nearest resistance
- 104.82
- Volume accumulation ratio
- 0.92
Trends
Evidence
- Average earnings surprise
- -62.6%
- February 25, 2026: actual EPS 0.13 vs estimate 0.05 (surprise +162.2%)
- November 3, 2025: actual EPS 3.39 vs estimate 3.09 (surprise +9.7%)
- August 6, 2025: actual EPS 1.58 vs estimate 1.57 (surprise +0.5%)
- May 1, 2025: actual EPS -0.04 vs estimate 0.01 (surprise -422.8%)
Expected move
There is no implied-move data available for this event.
Reactions over its last 18 earnings
- Median move
- 1.6%
- 75th percentile move
- 2.6%
- 90th percentile move
- 3.9%
- Up / down moves
- 14 / 4
- Average up move
- +2.0%
- Average down move
- -1.6%
Monitoring and close
What Pinnacle West Capital Corporation reported
There is no monitoring data available for this event.
Pre-market second reading after the results
There is no second reading available for this event.
How the stock reacted
- Outcome
- Accurate
- Consolidated
- -1.6%
- Max favorable move (MFE)
- 2.3%
- Max adverse move (MAE)
- 0.3%