What is Zacks Research's Forecast for IDACORP Q3 Earnings?

IDACORP, Inc. (NYSE:IDA - Free Report) - Equities research analysts at Zacks Research increased their Q3 2026 EPS estimates for shares of IDACORP in a report issued on Wednesday, February 19th. Zacks Research analyst R. Department now forecasts that the energy company will post earnings of $2.44 per share for the quarter, up from their prior forecast of $2.43. The consensus estimate for IDACORP's current full-year earnings is $5.81 per share.

IDACORP (NYSE:IDA - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The energy company reported $0.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.63 by $0.07. The company had revenue of $398.13 million during the quarter, compared to analysts' expectations of $403.21 million. IDACORP had a net margin of 15.83% and a return on equity of 9.23%.

A number of other analysts also recently issued reports on IDA. 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. 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 research report on Tuesday, November 5th. StockNews.com downgraded IDACORP from a "hold" rating to a "sell" rating in a research report on Wednesday, November 6th. Jefferies Financial Group dropped their target price on IDACORP from $129.00 to $118.00 and set a "hold" rating for the company in a report on Tuesday, January 28th. Finally, Guggenheim upgraded IDACORP from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $116.20.

IDACORP Stock Up 0.2 %

Shares of IDACORP stock traded up $0.24 during trading on Monday, hitting $114.44. The company's stock had a trading volume of 320,649 shares, compared to its average volume of 293,081. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.34 and a current ratio of 1.70. The company has a fifty day simple moving average of $109.90 and a two-hundred day simple moving average of $108.00. The company has a market capitalization of $6.10 billion, a PE ratio of 20.88, a P/E/G ratio of 2.32 and a beta of 0.65. IDACORP has a 52 week low of $86.47 and a 52 week high of $120.42.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Legacy Investment Solutions LLC acquired a new stake in IDACORP in the third quarter valued at $25,000. MassMutual Private Wealth & Trust FSB raised its position in shares of IDACORP by 98.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 242 shares of the energy company's stock worth $26,000 after purchasing an additional 120 shares during the last quarter. Versant Capital Management Inc raised its position in shares of IDACORP by 2,150.0% during the 4th quarter. Versant Capital Management Inc now owns 315 shares of the energy company's stock worth $34,000 after purchasing an additional 301 shares during the last quarter. Independence Bank of Kentucky raised its holdings in IDACORP by 123.6% in the 4th quarter. Independence Bank of Kentucky now owns 407 shares of the energy company's stock valued at $44,000 after acquiring an additional 225 shares during the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in shares of IDACORP during the 4th quarter valued at $45,000. 89.10% of the stock is currently owned by hedge funds and other institutional investors.

IDACORP Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Wednesday, February 5th will be given a dividend of $0.86 per share. The ex-dividend date is Wednesday, February 5th. This represents a $3.44 annualized dividend and a dividend yield of 3.01%. IDACORP's dividend payout ratio is currently 62.77%.

About IDACORP

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.