Zacks Research Forecasts IDACORP's Q1 Earnings (NYSE:IDA)

Key Points

• Zacks Research cut IDACORP’s Q1 2027 EPS forecast to $0.91 from $1.27, while the full-year consensus estimate stands at $6.38 per share.
• IDACORP recently reported quarterly EPS of $1.79, narrowly beating expectations of $1.78, although revenue of $469.8 million fell short of the $511.87 million analyst estimate. The company reaffirmed FY 2026 guidance of $6.30–$6.45 EPS.
• Analyst sentiment remains favorable, with six Buy ratings and two Holds producing a “Moderate Buy” consensus and an average price target of $153.86. IDACORP also declared a quarterly dividend of $0.88 per share, equivalent to a 2.6% yield.

IDACORP, Inc. (NYSE:IDA - Free Report) - Equities researchers at Zacks Research lowered their Q1 2027 EPS estimates for IDACORP in a research note issued to investors on Thursday, August 20th. Zacks Research analyst Team now forecasts that the energy company will post earnings per share of $0.91 for the quarter, down from their previous estimate of $1.27. The consensus estimate for IDACORP's current full-year earnings is $6.38 per share.

IDACORP (NYSE:IDA - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $469.80 million during the quarter, compared to analysts' expectations of $511.87 million. During the same period in the previous year, the company posted $1.76 earnings per share. IDACORP has set its FY 2026 guidance at 6.300-6.450 EPS.

Other research analysts have also recently issued research reports about the company. BTIG Research restated a "buy" rating and issued a $160.00 price target on shares of IDACORP in a research report on Thursday, July 23rd. Barclays cut their price objective on shares of IDACORP from $167.00 to $162.00 and set an "overweight" rating for the company in a research report on Monday, August 3rd. Wall Street Zen upgraded shares of IDACORP from a "sell" rating to a "hold" rating in a research note on Sunday, August 2nd. Morgan Stanley decreased their target price on shares of IDACORP from $156.00 to $151.00 and set an "overweight" rating on the stock in a report on Friday. Finally, Wells Fargo & Company boosted their target price on shares of IDACORP from $154.00 to $155.00 and gave the company an "equal weight" rating in a research report on Friday, July 31st. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $153.86.

IDACORP Price Performance

Shares of NYSE IDA opened at $137.42 on Monday. The business has a fifty day moving average price of $146.04 and a two-hundred day moving average price of $143.47. The stock has a market capitalization of $7.95 billion, a PE ratio of 22.75, a P/E/G ratio of 2.37 and a beta of 0.48. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.99 and a quick ratio of 0.75. IDACORP has a fifty-two week low of $122.30 and a fifty-two week high of $154.91.

IDACORP Dividend Announcement

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

Insiders Place Their Bets

In related news, VP James Bo D. Hanchey sold 1,500 shares of the firm's stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $140.95, for a total value of $211,425.00. Following the sale, the vice president directly owned 2,138 shares of the company's stock, valued at $301,351.10. This trade represents a 41.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.33% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Torren Management LLC acquired a new stake in shares of IDACORP in the 4th quarter valued at approximately $25,000. Osterweis Capital Management Inc. acquired a new position in IDACORP during the 2nd quarter worth approximately $25,000. Western Wealth Management LLC acquired a new position in IDACORP during the 1st quarter worth approximately $29,000. Caitong International Asset Management Co. Ltd lifted its stake in IDACORP by 630.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 219 shares of the energy company's stock valued at $29,000 after purchasing an additional 189 shares during the last quarter. Finally, Trust Co. of Vermont bought a new position in IDACORP in the 2nd quarter valued at approximately $30,000. Institutional investors own 89.10% of the company's stock.

IDACORP News Summary

Here are the key news stories impacting IDACORP this week:

• Positive Sentiment: Zacks raised its IDACORP EPS forecasts for Q4 2026 to $0.85 from $0.81, Q2 2027 to $2.04 from $1.92, Q3 2027 to $2.79 from $2.68, FY2027 to $6.93 from $6.91, and FY2028 to $7.66 from $7.52. The upgrades suggest expectations for improving earnings growth beyond the current year. IDACORP Zacks Research earnings estimates
• Neutral Sentiment: Zacks’ FY2026 EPS forecast is now $6.40, down slightly from $6.43 but broadly in line with the current consensus estimate of $6.39. The revisions do not materially change the company’s near-term earnings outlook. IDACORP earnings forecast update
• Negative Sentiment: Zacks cut its Q1 2028 EPS estimate to $1.16 from $1.37 and its Q2 2028 estimate to $2.03 from $2.06. These reductions point to weaker expectations for portions of 2028 and may be contributing to the cautious market reaction despite the longer-term upgrades. IDACORP future EPS estimate reductions

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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