Zacks Research Has Negative Forecast for IDACORP Q1 Earnings

IDACORP, Inc. (NYSE:IDA) – Equities researchers at Zacks Research lowered their Q1 2025 earnings estimates for shares of IDACORP in a report issued on Thursday, November 21st. Zacks Research analyst R. Department now forecasts that the energy company will post earnings per share of $1.04 for the quarter, down from their previous forecast of $1.06. The consensus estimate for IDACORP’s current full-year earnings is $5.42 per share. Zacks Research also issued estimates for IDACORP’s Q2 2025 earnings at $1.63 EPS, Q4 2025 earnings at $0.86 EPS, FY2025 earnings at $5.81 EPS, Q3 2026 earnings at $2.45 EPS and FY2026 earnings at $6.20 EPS.

Several other analysts have also weighed in on the company. Wells Fargo & Company upped their price objective on IDACORP from $106.00 to $109.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Bank of America upgraded IDACORP from a “neutral” rating to a “buy” rating and increased their target price for the company from $113.00 to $117.00 in a report on Tuesday, November 5th. StockNews.com downgraded IDACORP from a “hold” rating to a “sell” rating in a report on Wednesday, November 6th. Mizuho raised IDACORP from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $102.00 to $116.00 in a research note on Friday, November 1st. Finally, Morgan Stanley boosted their price objective on shares of IDACORP from $102.00 to $108.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $108.83.

IDACORP Trading Up 0.1 %

Shares of NYSE:IDA opened at $118.91 on Monday. The company has a 50 day moving average of $106.71 and a 200-day moving average of $100.53. The company has a current ratio of 1.70, a quick ratio of 1.34 and a debt-to-equity ratio of 0.93. The firm has a market cap of $6.33 billion, a P/E ratio of 22.06, a P/E/G ratio of 2.64 and a beta of 0.60. IDACORP has a twelve month low of $86.43 and a twelve month high of $120.02.

IDACORP (NYSE:IDA) last released its quarterly earnings results on Thursday, October 31st. The energy company reported $2.12 earnings per share for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.05). IDACORP had a net margin of 15.35% and a return on equity of 9.17%. The business had revenue of $528.53 million for the quarter, compared to the consensus estimate of $524.39 million. During the same period last year, the firm posted $2.07 EPS.

Hedge Funds Weigh In On IDACORP

Hedge funds have recently bought and sold shares of the business. M&T Bank Corp boosted its holdings in shares of IDACORP by 0.8% during the 3rd quarter. M&T Bank Corp now owns 10,992 shares of the energy company’s stock worth $1,133,000 after buying an additional 92 shares during the period. Trust Point Inc. boosted its stake in IDACORP by 1.4% during the 3rd quarter. Trust Point Inc. now owns 7,374 shares of the energy company’s stock valued at $760,000 after purchasing an additional 101 shares during the period. Blue Trust Inc. lifted its holdings in shares of IDACORP by 7.5% during the third quarter. Blue Trust Inc. now owns 1,523 shares of the energy company’s stock worth $157,000 after buying an additional 106 shares during the last quarter. Raymond James Trust N.A. increased its position in IDACORP by 1.7% during the second quarter. Raymond James Trust N.A. now owns 6,411 shares of the energy company’s stock worth $597,000 after acquiring an additional 107 shares during the period. Finally, Pitcairn Co. increased its stake in IDACORP by 2.3% during the third quarter. Pitcairn Co. now owns 4,801 shares of the energy company’s stock valued at $495,000 after acquiring an additional 107 shares during the period. 89.10% of the stock is owned by institutional investors and hedge funds.

IDACORP Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Tuesday, November 5th will be given a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a yield of 2.89%. The ex-dividend date is Tuesday, November 5th. This is a positive change from IDACORP’s previous quarterly dividend of $0.83. IDACORP’s dividend payout ratio (DPR) is presently 63.82%.

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.