Zacks Research Issues Negative Estimate for IDACORP Earnings

IDACORP, Inc. (NYSE:IDA) – Analysts at Zacks Research decreased their Q1 2027 earnings per share estimates for shares of IDACORP in a report issued on Thursday, August 20th. Zacks Research analyst Team now expects that the energy company will post earnings of $0.91 per share for the quarter, down from their prior forecast of $1.27. The consensus estimate for IDACORP’s current full-year earnings is $6.38 per share.

IDACORP (NYSE:IDA) last posted its earnings results on Thursday, July 30th. The energy company reported $1.79 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $511.87 million. During the same period in the prior year, the company earned $1.76 EPS. IDACORP has set its FY 2026 guidance at 6.300-6.450 EPS.

Several other equities analysts have also commented on IDA. Morgan Stanley lowered their price objective on shares of IDACORP from $156.00 to $151.00 and set an “overweight” rating for the company in a research report on Friday. Weiss Ratings restated a “buy (b)” rating on shares of IDACORP in a research report on Monday, August 3rd. Wells Fargo & Company increased their price target on shares of IDACORP from $154.00 to $155.00 and gave the company an “equal weight” rating in a report on Friday, July 31st. Wall Street Zen upgraded IDACORP from a “sell” rating to a “hold” rating in a research report on Sunday, August 2nd. Finally, BTIG Research reissued a “buy” rating and set a $160.00 price objective on shares of IDACORP in a research note on Thursday, July 23rd. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, IDACORP currently has a consensus rating of “Moderate Buy” and a consensus price target of $153.86.

IDACORP Trading Down 0.4%

Shares of IDA opened at $137.71 on Monday. The stock has a market capitalization of $7.96 billion, a PE ratio of 22.80, a P/E/G ratio of 2.38 and a beta of 0.48. The company’s fifty day moving average is $145.84 and its 200 day moving average is $143.52. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.75 and a current ratio of 0.99. IDACORP has a fifty-two week low of $122.30 and a fifty-two week high of $154.91.

Hedge Funds Weigh In On IDACORP

Hedge funds have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of IDACORP by 79.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,940 shares of the energy company’s stock worth $690,000 after purchasing an additional 2,625 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of IDACORP by 6.8% in the first quarter. Goldman Sachs Group Inc. now owns 342,496 shares of the energy company’s stock worth $39,805,000 after purchasing an additional 21,890 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of IDACORP by 8.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 143,677 shares of the energy company’s stock worth $16,698,000 after purchasing an additional 10,855 shares during the last quarter. American Century Companies Inc. increased its stake in IDACORP by 12.6% in the 2nd quarter. American Century Companies Inc. now owns 18,035 shares of the energy company’s stock worth $2,082,000 after buying an additional 2,016 shares during the period. Finally, Invesco Ltd. increased its stake in IDACORP by 5.7% in the 2nd quarter. Invesco Ltd. now owns 247,190 shares of the energy company’s stock worth $28,538,000 after buying an additional 13,297 shares during the period. Institutional investors own 89.10% of the company’s stock.

Insider Activity

In other IDACORP news, VP James Bo D. Hanchey sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $140.95, for a total transaction of $211,425.00. Following the completion of the transaction, the vice president owned 2,138 shares in the company, valued at $301,351.10. The trade was a 41.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.33% of the stock is owned by company insiders.

IDACORP Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Wednesday, August 5th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Wednesday, August 5th. This represents a $3.52 annualized dividend and a yield of 2.6%. IDACORP’s dividend payout ratio (DPR) is presently 58.28%.

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.