What is Zacks Research’s Estimate for IDACORP Q3 Earnings?

IDACORP, Inc. (NYSE:IDA) – Stock analysts at Zacks Research raised their Q3 2026 earnings per share estimates for IDACORP in a research note issued on Wednesday, February 19th. Zacks Research analyst R. Department now anticipates that the energy company will post earnings per share of $2.44 for the quarter, up from their previous estimate of $2.43. The consensus estimate for IDACORP’s current full-year earnings is $5.81 per share.

IDA has been the topic of a number of other research reports. Bank of America raised shares of IDACORP from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $113.00 to $117.00 in a report on Tuesday, November 5th. Mizuho raised IDACORP from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $102.00 to $116.00 in a research note on Friday, November 1st. Guggenheim upgraded IDACORP from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Jefferies Financial Group reduced their price target on IDACORP from $129.00 to $118.00 and set a “hold” rating for the company in a research report on Tuesday, January 28th. Finally, Morgan Stanley boosted their target price on IDACORP from $110.00 to $121.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $116.20.

IDACORP Price Performance

IDACORP stock opened at $115.81 on Monday. The company has a market capitalization of $6.17 billion, a PE ratio of 21.13, a price-to-earnings-growth ratio of 2.32 and a beta of 0.65. IDACORP has a one year low of $86.47 and a one year high of $120.42. The business has a 50 day simple moving average of $109.99 and a 200 day simple moving average of $108.19. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.70 and a quick ratio of 1.34.

IDACORP (NYSE:IDA) last posted its quarterly earnings data on Thursday, February 20th. The energy company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.07. The company had revenue of $398.13 million for the quarter, compared to the consensus estimate of $403.21 million. IDACORP had a net margin of 15.83% and a return on equity of 9.23%.

Institutional Investors Weigh In On IDACORP

Large investors have recently modified their holdings of the business. Diversified Trust Co bought a new stake in IDACORP during the 4th quarter worth approximately $704,000. Algert Global LLC lifted its position in IDACORP by 42.5% in the 3rd quarter. Algert Global LLC now owns 35,383 shares of the energy company’s stock valued at $3,648,000 after acquiring an additional 10,550 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in IDACORP by 67.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 47,707 shares of the energy company’s stock worth $4,918,000 after acquiring an additional 19,274 shares during the last quarter. GSA Capital Partners LLP bought a new position in shares of IDACORP in the third quarter valued at approximately $3,228,000. Finally, Charles Schwab Investment Management Inc. grew its position in IDACORP by 5.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 692,293 shares of the energy company’s stock valued at $71,368,000 after buying an additional 35,651 shares during the period. Institutional investors and hedge funds own 89.10% of the company’s stock.

IDACORP Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors 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 yield of 2.97%. IDACORP’s dividend payout ratio is 62.77%.

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.