Is PNW's Q1 forecast for 2025 a sign of recovery?

**Pinnacle West Capital's (PNW) Q1 forecast for 2025 does not necessarily indicate a recovery.** Here's why: 1. **Analysts' Expectations**: According to the latest reports, analysts expect PNW's revenues for 2025 to be approximately $5.22 billion, which is in line with the previous year's revenues. This suggests a steady performance rather than a strong recovery. 2. **Earnings Per Share (EPS)**: The forecasted EPS for 2025 is $4.53, which is a 11% drop from the previous year's EPS. This decline in EPS indicates a challenging environment for the company, which may not be indicative of a recovery. 3. **Price Target and Analyst Ratings**: Despite the challenges, analysts have maintained a positive outlook on PNW, with a consensus price target of $93.42, ranging from $80 to $110 per share. This suggests that while the company may not be recovering rapidly, it is still viewed as a solid investment with potential for growth. 4. **Recent Performance**: PNW's recent financial performance has been strong, with the company reporting $5.1 billion in revenue and earnings per share (EPS) of $5.24, which beat expectations. However, the Q1 forecast does not reflect this recent performance, as it is a forward-looking estimate. In conclusion, while PNW's Q1 forecast for 2025 does not point to a recovery, it is important to consider the company's overall performance, analyst ratings, and potential for future growth.