Functional Brands closes $8 million private placement and completes Nasdaq listing
Investing.com - BMO Capital has lowered its price target on Pinnacle West Capital (NYSE:PNW) to $96.00 from $100.00 while maintaining a Market Perform rating. Currently trading at $89.45, PNW sits below the analyst consensus target of $96.50, with projections ranging from $80 to $113. According to InvestingPro data, the stock appears overvalued based on Fair Value estimates.
The utility company reported third-quarter 2025 results of $3.39 per share, exceeding both the consensus estimate of $3.07 and BMO’s estimate of $3.03. This strong performance contributes to PNW’s trailing twelve-month diluted EPS of $4.92, with the company maintaining profitability as highlighted in InvestingPro Tips. Subscribers can access comprehensive Pro Research Reports that provide deeper insights into what drives PNW’s financial performance.
Following strong year-to-date performance, Pinnacle West raised its 2025 guidance range to $4.90-5.10 per share, above the consensus estimate of $4.61, and initiated 2026 guidance of $4.55-4.75 per share compared to consensus and BMO estimates of $4.66 and $4.65, respectively.
The company also announced an increase in its annual rate base growth projection to 7-9% for the 2024-2028 period and raised its long-term sales growth forecast to 5-7% through 2030.
BMO Capital has updated its earnings estimates for Pinnacle West for 2025-2029 to $5.00, $4.65, $5.70, $6.25, and $6.70 per share, respectively, based on the company’s latest disclosures.
In other recent news, Pinnacle West Capital Corp reported impressive third-quarter 2025 financial results. The company achieved earnings per share of $3.39, surpassing analysts’ expectations of $2.99. Additionally, Pinnacle West’s revenue outperformed predictions, reaching $1.82 billion against the anticipated $1.79 billion. These results demonstrate the company’s strong financial performance and have been well-received by investors. Pinnacle West also raised its guidance, indicating confidence in its future financial outlook. The earnings announcement highlights the company’s ability to exceed market expectations. Investors and analysts will be closely monitoring Pinnacle West’s future performance based on these recent developments.
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