Pinnacle West Capital Corporati (PNW) Q3 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure · Editorial policy
Key numbers
- Adjusted EPS
- $3.49
- Estimate
- $3.36
- Surprise
- +3.8%
- Revenue (period 2026-09-30)
- $1.97B
- Score today
- 4.8/10
Revenue source: xbrl.
How the report landed
Pinnacle West Capital Corporati (PNW) beat the $3.36 estimate with adjusted EPS of $3.49 — a clear 3.8% upside surprise.
Coverage in the report window
- Pinnacle West Capital Q3 2026 Earnings Call Transcript — benzinga, 2026-11-03
- Pinnacle West Does Not Expect Election Results To Delay Its General Rate Case Decision; Continues To Expect A December D — benzinga, 2026-11-03
- Pinnacle West Says It Is In Negotiations With Other Customers In Its 20-GW Extra-Large-Customer Queue — benzinga, 2026-11-03
Where TrendMatrix's rating stands now
TrendMatrix currently rates PNW Sell at 4.8/10; no pre/post engine snapshot brackets this report.
2 of the last 4 quarters beat the estimate; this quarter's +3.8% surprise compares with a +4090.8% four-quarter average.
What supports the rating
- Sector modifier (Utilities): +1.0
- Positive momentum
What argues against it
- Analyst target reached - limited upside remaining
- Near 52-week high (3.1% away)
- V7 low-quality RISK_OFF penalty: -0.5 (Q=4.2)
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $107.74
- Stop
- $103.76
At 20.3× trailing and 19.3× forward earnings, consensus estimates imply little change in earnings power.
Risk check: trading volume is running 1.7× its average — elevated turnover around the report window.
Model outputs from TrendMatrix’s engine as of 2026-11-04 — shown for context, not personalized investment advice.
PNW at TrendMatrix's latest read
Utility earnings are regulatory outcomes on a lag — allowed-return and rate-case posture frame any quarter's print.
- Industry
- Utilities - Regulated Electric
- Market cap
- $13.06B
- P/E (fwd)
- 19.3
- P/E (ttm)
- 20.3
- 52-week range
- $86.18–$111.16
- Off 52-week high
- 3.1%
- RSI (14)
- 68
- Volume vs avg
- 1.67×
- Score today
- 4.8/10