Zacks Research Has Positive Forecast for IDACORP Q1 Earnings

IDACORP, Inc. (NYSE:IDA) – Research analysts at Zacks Research raised their Q1 2026 EPS estimates for shares of IDACORP in a research note issued to investors on Wednesday, February 19th. Zacks Research analyst R. Department now anticipates that the energy company will post earnings per share of $1.21 for the quarter, up from their prior estimate of $1.20. The consensus estimate for IDACORP’s current full-year earnings is $5.41 per share. Zacks Research also issued estimates for IDACORP’s Q4 2026 earnings at $1.08 EPS and FY2026 earnings at $6.40 EPS.

A number of other analysts have also weighed in on IDA. Guggenheim upgraded shares of IDACORP from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. StockNews.com downgraded shares of IDACORP from a “hold” rating to a “sell” rating in a report on Wednesday, November 6th. Bank of America raised shares of IDACORP from a “neutral” rating to a “buy” rating and raised their price target for the company from $113.00 to $117.00 in a report on Tuesday, November 5th. Mizuho raised shares of IDACORP from a “neutral” rating to an “outperform” rating and raised their price target for the company from $102.00 to $116.00 in a report on Friday, November 1st. Finally, Morgan Stanley raised their price target on shares of IDACORP from $110.00 to $121.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $116.20.

IDACORP Stock Up 1.1 %

NYSE:IDA opened at $113.98 on Friday. The firm has a market cap of $6.07 billion, a P/E ratio of 21.15, a P/E/G ratio of 2.29 and a beta of 0.65. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.34 and a current ratio of 1.70. IDACORP has a fifty-two week low of $86.47 and a fifty-two week high of $120.42. The firm has a 50-day simple moving average of $109.90 and a two-hundred day simple moving average of $107.91.

IDACORP (NYSE:IDA) last released its quarterly earnings data on Thursday, February 20th. The energy company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.07. The business had revenue of $398.13 million during the quarter, compared to analyst estimates of $403.21 million. IDACORP had a net margin of 15.35% and a return on equity of 9.17%.

Hedge Funds Weigh In On IDACORP

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of IDACORP by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 6,046,723 shares of the energy company’s stock worth $660,786,000 after buying an additional 77,230 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of IDACORP by 43.3% in the fourth quarter. Wellington Management Group LLP now owns 3,424,956 shares of the energy company’s stock worth $374,279,000 after buying an additional 1,035,133 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in IDACORP by 9.6% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,909,695 shares of the energy company’s stock valued at $208,692,000 after purchasing an additional 166,864 shares in the last quarter. State Street Corp lifted its holdings in IDACORP by 5.5% during the third quarter. State Street Corp now owns 1,656,697 shares of the energy company’s stock valued at $170,789,000 after purchasing an additional 86,642 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in IDACORP by 2.2% during the fourth quarter. Alliancebernstein L.P. now owns 1,379,408 shares of the energy company’s stock valued at $150,742,000 after purchasing an additional 29,094 shares in the last quarter. Hedge funds and other institutional investors own 89.10% of the company’s stock.

IDACORP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Wednesday, February 5th will be issued a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date is Wednesday, February 5th. IDACORP’s payout ratio is 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.