Zacks Research Estimates IDACORP's Q3 Earnings (NYSE:IDA)

Key Points

• Zacks Research trimmed its Q3 2027 EPS estimate for IDACORP to $2.54 (from $2.55); the consensus full-year EPS is $5.81 and analysts’ views are mixed but average a “Moderate Buy” with a $144.25 price target.
• IDACORP beat quarterly EPS ($0.78 vs. $0.74) but missed revenue expectations, reiterated FY2026 guidance of $6.25–$6.45 EPS, and pays a $0.88 quarterly dividend (~2.4% yield).

IDACORP, Inc. (NYSE:IDA - Free Report) - Investment analysts at Zacks Research decreased their Q3 2027 earnings estimates for IDACORP in a research note issued to investors on Thursday, April 9th. Zacks Research analyst Team now expects that the energy company will post earnings per share of $2.54 for the quarter, down from their prior estimate of $2.55. The consensus estimate for IDACORP's current full-year earnings is $5.81 per share.

A number of other equities analysts have also weighed in on the company. Wells Fargo & Company lowered IDACORP from an "equal weight" rating to an "underweight" rating and decreased their price target for the company from $129.00 to $118.00 in a research report on Tuesday, January 20th. BTIG Research reaffirmed a "buy" rating and issued a $156.00 price objective on shares of IDACORP in a research note on Friday, January 30th. Barclays raised their price objective on shares of IDACORP from $149.00 to $159.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 8th. Wall Street Zen lowered shares of IDACORP from a "hold" rating to a "sell" rating in a research note on Sunday, February 22nd. Finally, Jefferies Financial Group decreased their price objective on IDACORP from $152.00 to $150.00 and set a "buy" rating for the company in a research report on Wednesday, January 28th. Seven equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, IDACORP presently has an average rating of "Moderate Buy" and an average price target of $144.25.

IDACORP Trading Up 0.0%

NYSE:IDA opened at $147.54 on Monday. The company has a quick ratio of 0.68, a current ratio of 0.93 and a debt-to-equity ratio of 0.93. IDACORP has a 1-year low of $108.15 and a 1-year high of $149.73. The firm has a market capitalization of $8.11 billion, a price-to-earnings ratio of 25.01, a price-to-earnings-growth ratio of 2.94 and a beta of 0.54. The stock has a fifty day simple moving average of $141.13 and a 200 day simple moving average of $134.10.

IDACORP (NYSE:IDA - Get Free Report) last issued its earnings results on Thursday, February 19th. The energy company reported $0.78 earnings per share for the quarter, topping analysts' consensus estimates of $0.74 by $0.04. The firm had revenue of $405.24 million during the quarter, compared to analysts' expectations of $533.06 million. IDACORP had a net margin of 17.84% and a return on equity of 9.36%. During the same period last year, the firm posted $0.70 earnings per share. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS.

IDACORP Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Thursday, February 5th were paid a dividend of $0.88 per share. The ex-dividend date of this dividend was Thursday, February 5th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.4%. IDACORP's dividend payout ratio (DPR) is 59.66%.

Insider Activity

In other news, VP Julia A. Hilton sold 1,000 shares of IDACORP stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $142.79, for a total transaction of $142,790.00. Following the completion of the sale, the vice president directly owned 2,313 shares in the company, valued at $330,273.27. The trade was a 30.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.33% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On IDACORP

Several institutional investors have recently made changes to their positions in the company. Orion Porfolio Solutions LLC lifted its stake in shares of IDACORP by 3,215.7% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 604,451 shares of the energy company's stock valued at $69,784,000 after purchasing an additional 586,221 shares during the last quarter. Zimmer Partners LP acquired a new stake in shares of IDACORP in the 3rd quarter valued at $71,031,000. Capital Research Global Investors acquired a new stake in shares of IDACORP in the 4th quarter valued at $44,511,000. Invesco Ltd. lifted its stake in shares of IDACORP by 139.4% in the 3rd quarter. Invesco Ltd. now owns 591,812 shares of the energy company's stock valued at $78,208,000 after purchasing an additional 344,622 shares during the last quarter. Finally, Life Cycle Investment Partners Ltd acquired a new stake in shares of IDACORP in the 4th quarter valued at $38,817,000. 89.10% of the stock is currently owned by institutional investors and hedge funds.

IDACORP Company Profile

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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