FY2026 Earnings Estimate for PNW Issued By Scotiabank

Key Points

• Scotiabank projects Pinnacle West Capital will earn $4.72 per share in FY2026 and $5.63 in FY2027, maintaining a “Sector Outperform” rating and a $104 price target.
• Analyst sentiment is mixed: the stock has an overall “Hold” consensus, with 4 Buy ratings and 11 Hold ratings and an average price target of $103.21.
• Pinnacle West’s latest quarterly EPS of $1.43 fell slightly short of estimates, though revenue rose 7.1% year over year; management’s FY2026 guidance is $4.55–$4.75 per share.

Pinnacle West Capital Corporation (NYSE:PNW - Free Report) - Scotiabank issued their FY2026 earnings per share estimates for Pinnacle West Capital in a note issued to investors on Thursday, October 1st. Scotiabank analyst I. Rapp expects that the utilities provider will earn $4.72 per share for the year. Scotiabank currently has a "Sector Outperform" rating and a $104.00 target price on the stock. The consensus estimate for Pinnacle West Capital's current full-year earnings is $4.72 per share. Scotiabank also issued estimates for Pinnacle West Capital's FY2027 earnings at $5.63 EPS.

A number of other equities research analysts have also recently issued reports on the stock. Wall Street Zen raised shares of Pinnacle West Capital from a "sell" rating to a "hold" rating in a research report on Saturday. Morgan Stanley lowered their price target on shares of Pinnacle West Capital from $94.00 to $89.00 and set an "equal weight" rating on the stock in a research report on Friday, September 18th. Barclays dropped their price objective on shares of Pinnacle West Capital from $108.00 to $94.00 and set an "equal weight" rating for the company in a research note on Thursday. TD Cowen reissued a "hold" rating on shares of Pinnacle West Capital in a report on Wednesday, August 12th. Finally, Jefferies Financial Group restated a "buy" rating and set a $129.00 target price on shares of Pinnacle West Capital in a research report on Wednesday, July 8th. Four research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, Pinnacle West Capital presently has an average rating of "Hold" and a consensus price target of $103.21.

Pinnacle West Capital Stock Up 0.1%

PNW stock opened at $96.01 on Monday. Pinnacle West Capital has a fifty-two week low of $86.18 and a fifty-two week high of $111.16. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.59 and a quick ratio of 0.41. The stock has a market capitalization of $11.64 billion, a price-to-earnings ratio of 18.39, a PEG ratio of 3.50 and a beta of 0.43. The business's fifty day moving average price is $97.74 and its two-hundred day moving average price is $101.12.

Pinnacle West Capital (NYSE:PNW - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $1.43 earnings per share for the quarter, missing the consensus estimate of $1.46 by ($0.03). The firm had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.40 billion. Pinnacle West Capital had a return on equity of 8.99% and a net margin of 11.52%.The business's revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.58 earnings per share. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS.

Insiders Place Their Bets

In related news, CAO Elizabeth A. Blankenship sold 980 shares of the firm's stock in a transaction on Monday, August 10th. The stock was sold at an average price of $99.17, for a total value of $97,186.60. Following the transaction, the chief accounting officer owned 10,886 shares in the company, valued at approximately $1,079,564.62. This trade represents a 8.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jose Luis Esparza, Jr. sold 1,800 shares of the business's stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $102.01, for a total value of $183,618.00. Following the completion of the transaction, the senior vice president directly owned 4,910 shares of the company's stock, valued at approximately $500,869.10. This trade represents a 26.83% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.19% of the company's stock.

Institutional Investors Weigh In On Pinnacle West Capital

Large investors have recently bought and sold shares of the company. JFS Wealth Advisors LLC increased its stake in Pinnacle West Capital by 109.6% in the second quarter. JFS Wealth Advisors LLC now owns 241 shares of the utilities provider's stock valued at $26,000 after acquiring an additional 126 shares during the last quarter. Compass Financial Management LLC bought a new position in shares of Pinnacle West Capital in the 2nd quarter valued at $33,000. Bell Investment Advisors Inc boosted its holdings in shares of Pinnacle West Capital by 144.9% during the 2nd quarter. Bell Investment Advisors Inc now owns 338 shares of the utilities provider's stock valued at $36,000 after acquiring an additional 200 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its position in Pinnacle West Capital by 41,300.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 414 shares of the utilities provider's stock worth $44,000 after acquiring an additional 413 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its position in Pinnacle West Capital by 56.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 579 shares of the utilities provider's stock worth $62,000 after acquiring an additional 210 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

About Pinnacle West Capital

Pinnacle West Capital Corporation NYSE: PNW is an energy holding company headquartered in Phoenix, Arizona. Its principal subsidiary, Arizona Public Service Company (APS), is a regulated electric utility that generates, transmits and distributes electricity to residential, commercial and industrial customers across Arizona.

APS operates a diverse portfolio of power resources, including natural gas, nuclear, solar and other renewable generation facilities. The company is also one of the owners and operators of the Palo Verde Generating Station, a nuclear power facility west of Phoenix that supplies electricity to customers in Arizona and other western states.

Pinnacle West was incorporated in 1985 and has focused primarily on providing reliable electricity and supporting Arizona's growing energy needs.

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