Pinnacle West Capital (NYSE: PNW) reported earnings on Feb. 22. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Pinnacle West Capital met expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share expanded significantly. GAAP earnings per share expanded significantly.

Margins grew across the board.

Revenue details
Pinnacle West Capital booked revenue of $693.1 million. The three analysts polled by S&P Capital IQ predicted sales of $701.0 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.24. The 13 earnings estimates compiled by S&P Capital IQ predicted $0.17 per share. Non-GAAP EPS of $0.24 for Q4 were 118% higher than the prior-year quarter's $0.11 per share. GAAP EPS of $0.20 for Q4 were 67% higher than the prior-year quarter's $0.12 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 35.4%, 190 basis points better than the prior-year quarter. Operating margin was 14.6%, 280 basis points better than the prior-year quarter. Net margin was 3.3%, 140 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $665.8 million. On the bottom line, the average EPS estimate is -$0.02.

Next year's average estimate for revenue is $3.42 billion. The average EPS estimate is $3.55.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 115 members out of 137 rating the stock outperform, and 22 members rating it underperform. Among 42 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 37 give Pinnacle West Capital a green thumbs-up, and five give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Pinnacle West Capital is hold, with an average price target of $54.62.

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