Zacks Research Weighs in on IDACORP's Q3 Earnings (NYSE:IDA)

IDACORP, Inc. (NYSE:IDA - Free Report) - Stock analysts at Zacks Research raised their Q3 2025 earnings per share (EPS) estimates for shares of IDACORP in a note issued to investors on Thursday, May 22nd. Zacks Research analyst R. Department now forecasts that the energy company will post earnings per share of $2.37 for the quarter, up from their prior forecast of $2.30. The consensus estimate for IDACORP's current full-year earnings is $5.81 per share. Zacks Research also issued estimates for IDACORP's FY2025 earnings at $5.81 EPS, Q2 2026 earnings at $1.83 EPS, Q3 2026 earnings at $2.69 EPS and FY2027 earnings at $6.76 EPS.

IDACORP (NYSE:IDA - Get Free Report) last released its earnings results on Thursday, May 1st. The energy company reported $1.10 EPS for the quarter, topping analysts' consensus estimates of $1.03 by $0.07. The company had revenue of $432.46 million for the quarter, compared to the consensus estimate of $442.24 million. IDACORP had a return on equity of 9.23% and a net margin of 15.83%. During the same quarter last year, the business posted $0.95 EPS.

Several other research firms have also recently commented on IDA. Bank of America raised their target price on IDACORP from $119.00 to $127.00 and gave the company a "buy" rating in a research report on Monday, March 3rd. Wall Street Zen cut IDACORP from a "hold" rating to a "sell" rating in a research report on Wednesday, April 30th. UBS Group lifted their price target on IDACORP from $117.00 to $122.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Jefferies Financial Group upgraded IDACORP from a "hold" rating to a "buy" rating in a research report on Wednesday, April 2nd. Finally, Guggenheim lifted their price target on IDACORP from $121.00 to $126.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $123.14.

IDACORP Stock Performance

Shares of IDACORP stock traded down $2.01 on Monday, reaching $115.55. 908,528 shares of the company were exchanged, compared to its average volume of 349,627. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.34 and a current ratio of 1.70. The company's 50-day moving average is $115.93 and its two-hundred day moving average is $113.91. The firm has a market cap of $6.24 billion, a price-to-earnings ratio of 21.09, a P/E/G ratio of 2.32 and a beta of 0.59. IDACORP has a 1-year low of $90.64 and a 1-year high of $120.84.

Hedge Funds Weigh In On IDACORP

Several large investors have recently made changes to their positions in IDA. MassMutual Private Wealth & Trust FSB lifted its position in shares of IDACORP by 98.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 242 shares of the energy company's stock worth $26,000 after purchasing an additional 120 shares during the last quarter. Elite Financial Inc. acquired a new position in shares of IDACORP during the 1st quarter worth about $29,000. Caitong International Asset Management Co. Ltd lifted its position in shares of IDACORP by 621.6% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 267 shares of the energy company's stock worth $31,000 after purchasing an additional 230 shares during the last quarter. Opal Wealth Advisors LLC acquired a new position in IDACORP in the 1st quarter valued at approximately $34,000. Finally, Independence Bank of Kentucky raised its holdings in IDACORP by 123.6% in the 4th quarter. Independence Bank of Kentucky now owns 407 shares of the energy company's stock valued at $44,000 after acquiring an additional 225 shares in the last quarter. Institutional investors and hedge funds own 89.10% of the company's stock.

IDACORP Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Monday, May 5th will be issued a dividend of $0.86 per share. The ex-dividend date of this dividend is Monday, May 5th. This represents a $3.44 annualized dividend and a yield of 2.98%. IDACORP's dividend payout ratio (DPR) is currently 61.10%.

IDACORP Company Profile

IDACORP, Inc, together with its subsidiaries, engages in the generation, transmission, distribution, purchase, and sale of electric energy in the United States. The company operates 17 hydropower generating plants located in southern Idaho and eastern Oregon; three natural gas-fired plants in southern Idaho; and interests in two coal-fired steam electric generating plants located in Wyoming and Nevada.