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Pinnacle West Capital Affirms FY23 EPS Outlook - Update
(RTTNews) - While reporting financial results for the first quarter on Thursday, energy holding company Pinnacle West Capital Corp. (PNW) affirmed its earnings guidance for the full-year 2023 in the range of $3.95 to $4.15 per share on a weather-normalized basis.
On average, 13 analysts polled by Thomson Reuters expect the company to report earnings of $4.06 per share for the year. Analysts' estimates typically exclude special items.
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Lower Canadian and U.S. futures and weak European markets point to a slightly negative start on Bay Street Monday morning. Firm commodity prices might help limit market's downside.
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