Zacks Research Weighs in on IDACORP's Q1 Earnings (NYSE:IDA)

IDACORP, Inc. (NYSE:IDA - Free Report) - Investment analysts at Zacks Research increased their Q1 2026 earnings per share (EPS) estimates for IDACORP in a research note issued on Tuesday, January 21st. Zacks Research analyst R. Department now anticipates that the energy company will post earnings of $1.20 per share for the quarter, up from their prior forecast of $1.16. The consensus estimate for IDACORP's current full-year earnings is $5.41 per share. Zacks Research also issued estimates for IDACORP's Q2 2026 earnings at $1.66 EPS, Q3 2026 earnings at $2.43 EPS, Q4 2026 earnings at $1.06 EPS and FY2026 earnings at $6.36 EPS.

IDACORP (NYSE:IDA - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The energy company reported $2.12 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.05). IDACORP had a return on equity of 9.17% and a net margin of 15.35%. The firm had revenue of $528.53 million for the quarter, compared to the consensus estimate of $524.39 million. During the same period in the prior year, the firm posted $2.07 earnings per share.

Several other equities analysts have also issued reports on IDA. Mizuho raised shares of IDACORP from a "neutral" rating to an "outperform" rating and boosted their price target for the company from $102.00 to $116.00 in a report on Friday, November 1st. Wells Fargo & Company boosted their target price on IDACORP from $106.00 to $109.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 16th. Morgan Stanley raised their price target on IDACORP from $110.00 to $121.00 and gave the stock an "equal weight" rating in a research report on Friday, December 13th. StockNews.com cut IDACORP from a "hold" rating to a "sell" rating in a report on Wednesday, November 6th. Finally, Bank of America raised IDACORP from a "neutral" rating to a "buy" rating and increased their target price for the stock from $113.00 to $117.00 in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $114.60.

IDACORP Trading Up 0.9 %

Shares of NYSE:IDA traded up $0.95 during mid-day trading on Thursday, reaching $108.65. The stock had a trading volume of 283,079 shares, compared to its average volume of 294,556. The firm has a market cap of $5.79 billion, a PE ratio of 20.16, a price-to-earnings-growth ratio of 2.29 and a beta of 0.65. The firm has a 50 day simple moving average of $112.55 and a two-hundred day simple moving average of $105.80. The company has a current ratio of 1.70, a quick ratio of 1.34 and a debt-to-equity ratio of 0.93. IDACORP has a twelve month low of $86.43 and a twelve month high of $120.42.

IDACORP Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Wednesday, February 5th will be given a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date is Wednesday, February 5th. IDACORP's dividend payout ratio (DPR) is currently 63.82%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in IDA. MassMutual Private Wealth & Trust FSB grew its position in shares of IDACORP by 98.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 242 shares of the energy company's stock valued at $26,000 after acquiring an additional 120 shares during the period. Legacy Investment Solutions LLC acquired a new stake in IDACORP in the 3rd quarter valued at about $25,000. V Square Quantitative Management LLC bought a new position in IDACORP during the third quarter worth about $26,000. Versant Capital Management Inc increased its position in IDACORP by 2,150.0% during the fourth quarter. Versant Capital Management Inc now owns 315 shares of the energy company's stock worth $34,000 after buying an additional 301 shares during the last quarter. Finally, Avior Wealth Management LLC raised its stake in IDACORP by 35.9% in the third quarter. Avior Wealth Management LLC now owns 443 shares of the energy company's stock valued at $46,000 after buying an additional 117 shares during the period. Institutional investors and hedge funds own 89.10% of the company's stock.

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.