Valued at a market cap of $9.9 billion, Pinnacle West Capital Corporation (PNW) is a leading utility holding company primarily providing electricity to customers through its subsidiary, Arizona Public Service. Headquartered in Phoenix, Arizona, Pinnacle West focuses on sustainable energy and reliable power delivery across Arizona. The company is set to announce its fiscal year 2024 earnings before the market opens on Tuesday, Feb. 25.

For the fourth quarter, analysts expect PNW to report a loss of $0.15 per share. On the bright side, the company has surpassed Wall Street’s EPS estimates in the last four quarters. 

Analysts expect PNW to report an EPS of $5.13 for fiscal 2024, up 16.3% from $4.41 in fiscal 2023. 

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Over the past 52 weeks, PNW has soared 24%, slightly underperforming the broader S&P 500 Index's ($SPX) 26.5% gains and the Utilities Select Sector SPDR Fund's (XLU) 27.7% gain over the same time frame.

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Pinnacle West Capital's stock jumped 3.9% on Nov. 6 after its Q3 earnings results exceeded market expectations on both revenue and earnings. The performance was fueled by the excessively hot summer of 2024, which drove higher energy consumption as customers sought to cool their homes and workplaces.

The consensus opinion on PNW stock is moderately optimistic, with an overall “Moderate Buy” rating. Among the 15 analysts covering the stock, seven advise a “Strong Buy” rating, and eight advise “Hold.”

PNW's average analyst price target is $93.78, suggesting a potential upside of 8.2% from the current levels.