Pinnacle West Introduces 2016 Guidance, Affirms 2015 Guidance

(RTTNews) - Pinnacle West Capital Corp. (PNW) announced, the company estimates its 2016 on-going consolidated earnings will be within a range of $3.90 to $4.10 per share. Longer-term, the company's goal is to achieve a consolidated earned return on average common equity of more than 9.5 percent annually through 2016.

For 2015, the company continues to expect its on-going consolidated earnings will be within a range of $3.75 to $3.95 per share, on a weather-normalized basis. Analysts polled by Thomson Reuters expect the company to report profit per share of $3.82 for 2015. Analysts' estimates typically exclude special items.