Pinnacle West raises FY24 EPS view to $5.00-$5.20 from $4.60-$4.80

Consensus $4.92. The company said, “Given the positive impact of weather and customer and sales growth through the first three quarters of the year – partially offset by higher than previously forecasted operations and maintenance expenses – the company is adjusting its 2024 consolidated earnings guidance upward to a range of $5.00 to $5.20 per diluted share. Looking forward, the Company estimates its 2025 consolidated earnings will be within a range of $4.40 to $4.60 per diluted share on a weather-normalized basis.”