FY2026 EPS Estimates for IDACORP Lowered by Zacks Research

IDACORP, Inc. (NYSE:IDA) – Zacks Research decreased their FY2026 earnings estimates for IDACORP in a report issued on Thursday, August 20th. Zacks Research analyst Team now anticipates that the energy company will post earnings per share of $6.40 for the year, down from their prior forecast of $6.43. The consensus estimate for IDACORP’s current full-year earnings is $6.39 per share. Zacks Research also issued estimates for IDACORP’s Q4 2026 earnings at $0.85 EPS, Q2 2027 earnings at $2.04 EPS, Q3 2027 earnings at $2.79 EPS, Q4 2027 earnings at $1.19 EPS, FY2027 earnings at $6.93 EPS, Q1 2028 earnings at $1.16 EPS, Q2 2028 earnings at $2.03 EPS and FY2028 earnings at $7.66 EPS.

IDA has been the topic of a number of other reports. Barclays decreased their price objective on IDACORP from $167.00 to $162.00 and set an “overweight” rating on the stock in a research note on Monday, August 3rd. BTIG Research reissued a “buy” rating and issued a $160.00 target price on shares of IDACORP in a research note on Thursday, July 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of IDACORP in a research report on Monday, August 3rd. Wall Street Zen upgraded IDACORP from a “sell” rating to a “hold” rating in a research report on Sunday, August 2nd. Finally, Wells Fargo & Company boosted their price objective 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 assigned a Hold rating to the stock. According to data from MarketBeat, IDACORP has an average rating of “Moderate Buy” and an average target price of $154.57.

IDACORP Stock Down 0.3%

Shares of NYSE IDA opened at $140.27 on Friday. The stock has a market capitalization of $8.11 billion, a PE ratio of 23.22, a P/E/G ratio of 2.42 and a beta of 0.48. IDACORP has a one year low of $122.30 and a one year high of $154.91. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.99 and a quick ratio of 0.75. The business’s fifty day moving average price is $146.15 and its 200-day moving average price is $143.42.

IDACORP (NYSE:IDA) last announced its 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 firm had revenue of $469.80 million during the quarter, compared to analyst estimates of $511.87 million. During the same period last year, the firm posted $1.76 EPS. IDACORP has set its FY 2026 guidance at 6.300-6.450 EPS.

IDACORP Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Wednesday, August 5th will be given a $0.88 dividend. The ex-dividend date of this dividend is Wednesday, August 5th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.5%. IDACORP’s dividend payout ratio is currently 58.28%.

Insider Activity

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

Institutional Trading of IDACORP

Hedge funds have recently made changes to their positions in the stock. AssuredPartners Investment Advisors LLC raised its position in shares of IDACORP by 5.1% in the 4th quarter. AssuredPartners Investment Advisors LLC now owns 1,653 shares of the energy company’s stock worth $209,000 after acquiring an additional 80 shares in the last quarter. Harbour Investments Inc. boosted its position in IDACORP by 48.0% during the fourth quarter. Harbour Investments Inc. now owns 302 shares of the energy company’s stock worth $38,000 after purchasing an additional 98 shares in the last quarter. Sanctuary Advisors LLC lifted its stake in IDACORP by 1.6% in the 1st quarter. Sanctuary Advisors LLC now owns 6,482 shares of the energy company’s stock valued at $927,000 after buying an additional 103 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of IDACORP by 1.9% in the third quarter. Quadrant Capital Group LLC now owns 5,738 shares of the energy company’s stock worth $758,000 after acquiring an additional 106 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its stake in IDACORP by 0.9% during the 4th quarter. Advisors Asset Management Inc. now owns 11,668 shares of the energy company’s stock valued at $1,477,000 after acquiring an additional 106 shares in the last quarter. 89.10% of the stock is owned by institutional investors.

About IDACORP

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.