Research Analysts Offer Predictions for IDACORP Q2 Earnings

IDACORP, Inc. (NYSE:IDA) – Equities research analysts at Zacks Research lifted their Q2 2027 earnings estimates for IDACORP in a research note issued on Tuesday, September 1st. Zacks Research analyst Team now forecasts that the energy company will earn $2.17 per share for the quarter, up from their previous forecast of $2.04. The consensus estimate for IDACORP’s current full-year earnings is $6.38 per share. Zacks Research also issued estimates for IDACORP’s Q3 2027 earnings at $2.91 EPS, Q1 2028 earnings at $0.96 EPS, Q2 2028 earnings at $1.98 EPS and FY2028 earnings at $7.74 EPS.

IDACORP (NYSE:IDA) last announced its earnings results on Thursday, July 30th. The energy company reported $1.79 EPS for the quarter, topping the consensus estimate of $1.78 by $0.01. IDACORP had a net margin of 18.78% and a return on equity of 9.34%. The business had revenue of $469.80 million during the quarter, compared to the consensus estimate of $511.87 million. During the same quarter in the previous year, the firm posted $1.76 EPS. IDACORP has set its FY 2026 guidance at 6.300-6.450 EPS.

Several other research firms also recently commented on IDA. Wells Fargo & Company upped their target price on IDACORP from $154.00 to $155.00 and gave the company an “equal weight” rating in a research report on Friday, July 31st. Weiss Ratings restated a “buy (b)” rating on shares of IDACORP in a research note on Monday, August 3rd. BTIG Research reaffirmed a “buy” rating and issued a $160.00 price objective on shares of IDACORP in a report on Thursday, July 23rd. Morgan Stanley lowered their price objective on IDACORP from $156.00 to $151.00 and set an “overweight” rating on the stock in a research report on Friday, August 21st. Finally, Wall Street Zen downgraded IDACORP from a “hold” rating to a “sell” rating in a report on Saturday. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $153.86.

IDACORP Trading Up 0.2%

Shares of IDA stock opened at $136.38 on Wednesday. The firm has a 50 day moving average price of $145.25 and a two-hundred day moving average price of $143.55. The company has a quick ratio of 0.75, a current ratio of 0.99 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $7.89 billion, a PE ratio of 22.58, a price-to-earnings-growth ratio of 2.35 and a beta of 0.47. IDACORP has a 12-month low of $122.30 and a 12-month high of $154.91.

Institutional Investors Weigh In On IDACORP

Several institutional investors and hedge funds have recently bought and sold shares of IDA. Osterweis Capital Management Inc. acquired a new stake in IDACORP during the second quarter worth about $25,000. Western Wealth Management LLC acquired a new position in shares of IDACORP in the 1st quarter valued at approximately $29,000. Trust Co. of Vermont bought a new stake in shares of IDACORP during the 2nd quarter worth approximately $30,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of IDACORP during the 2nd quarter worth approximately $33,000. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in shares of IDACORP by 630.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 219 shares of the energy company’s stock worth $29,000 after acquiring an additional 189 shares during the period. Institutional investors own 89.10% of the company’s stock.

IDACORP Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Wednesday, August 5th were given a $0.88 dividend. The ex-dividend date was Wednesday, August 5th. This represents a $3.52 dividend on an annualized basis and a dividend 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.