Zacks Research Weighs in on IDACORP's Q4 Earnings (NYSE:IDA)

Key Points

• Zacks Research lowered its Q4 2027 EPS estimate for IDACORP to $0.95 from $1.19, while the consensus full-year earnings estimate stands at $6.38 per share.
• Analyst sentiment remains broadly positive, with six Buy ratings and two Holds; the stock has a “Moderate Buy” consensus rating and an average price target of $153.86.
• IDACORP recently reported quarterly EPS of $1.79, slightly above expectations, and maintains a quarterly dividend of $0.88, or $3.52 annually, yielding about 2.6%.

IDACORP, Inc. (NYSE:IDA - Free Report) - Research analysts at Zacks Research dropped their Q4 2027 earnings per share estimates for IDACORP in a report issued on Tuesday, September 1st. Zacks Research analyst Team now anticipates that the energy company will post earnings per share of $0.95 for the quarter, down from their prior estimate of $1.19. The consensus estimate for IDACORP's current full-year earnings is $6.38 per share.

Several other research analysts have also recently weighed in on IDA. Morgan Stanley lowered their price target on shares of IDACORP from $156.00 to $151.00 and set an "overweight" rating on the stock in a report on Friday, August 21st. Barclays dropped their price objective on shares of IDACORP from $167.00 to $162.00 and set an "overweight" rating for the company in a research note on Monday, August 3rd. Weiss Ratings reissued a "buy (b)" rating on shares of IDACORP in a research report on Monday, August 3rd. Wells Fargo & Company increased their target price on IDACORP from $154.00 to $155.00 and gave the stock an "equal weight" rating in a report on Friday, July 31st. Finally, Wall Street Zen downgraded shares of IDACORP from a "hold" rating to a "sell" rating in a research note on Saturday, August 29th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $153.86.

IDACORP Stock Down 0.9%

IDA stock opened at $135.18 on Thursday. The business's 50 day simple moving average is $145.01 and its 200 day simple moving average is $143.50. IDACORP has a 1-year low of $122.30 and a 1-year high of $154.91. The firm has a market capitalization of $7.82 billion, a PE ratio of 22.38, a PEG ratio of 2.35 and a beta of 0.47. The company has a current ratio of 0.99, a quick ratio of 0.75 and a debt-to-equity ratio of 0.97.

IDACORP (NYSE:IDA - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The energy company reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.01. IDACORP had a return on equity of 9.34% and a net margin of 18.78%.The firm had revenue of $469.80 million for the quarter, compared to analyst estimates of $511.87 million. During the same quarter in the prior year, the company earned $1.76 earnings per share. IDACORP has set its FY 2026 guidance at 6.300-6.450 EPS.

IDACORP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Wednesday, August 5th were paid a $0.88 dividend. The ex-dividend date of this dividend was Wednesday, August 5th. This represents a $3.52 annualized dividend and a dividend yield of 2.6%. IDACORP's payout ratio is currently 58.28%.

Hedge Funds Weigh In On IDACORP

Hedge funds have recently made changes to their positions in the stock. California State Teachers Retirement System raised its stake in IDACORP by 14,200.9% during the second quarter. California State Teachers Retirement System now owns 9,695,153 shares of the energy company's stock worth $1,466,877,000 after buying an additional 9,627,359 shares during the last quarter. BlackRock Inc. acquired a new stake in IDACORP in the 2nd quarter valued at $1,033,914,000. Morgan Stanley increased its position in shares of IDACORP by 9.9% during the fourth quarter. Morgan Stanley now owns 2,103,940 shares of the energy company's stock worth $266,275,000 after acquiring an additional 188,845 shares in the last quarter. State Street Corp boosted its stake in IDACORP by 0.6% during the 4th quarter. State Street Corp now owns 1,887,948 shares of the energy company's stock valued at $238,939,000 after purchasing an additional 11,403 shares during the last quarter. Finally, Reaves W H & Co. Inc. increased its holdings in IDACORP by 6.3% during the 4th quarter. Reaves W H & Co. Inc. now owns 1,807,811 shares of the energy company's stock worth $228,797,000 after purchasing an additional 107,131 shares in the last quarter. 89.10% of the stock is currently owned by institutional investors.

About IDACORP

IDACORP, Inc is a diversified energy holding company headquartered in Boise, Idaho, whose primary subsidiary, Idaho Power Company, operates as a regulated electric utility. Through Idaho Power, the company provides generation, transmission and distribution services to residential, commercial and industrial customers. The company's service territory spans southern Idaho and eastern Oregon, where it serves over half a million customers with a mix of hydroelectric, natural gas, wind and solar generation assets.

Idaho Power's generation portfolio is anchored by a network of hydroelectric facilities along the Snake River system, complemented by natural-gas-fired plants and growing investments in renewable resources.

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