Zacks Research Estimates IDACORP’s Q1 Earnings (NYSE:IDA)

IDACORP, Inc. (NYSE:IDA) – Analysts at Zacks Research reduced their Q1 2025 earnings per share estimates for IDACORP in a report released on Thursday, November 21st. Zacks Research analyst R. Department now anticipates that the energy company will post earnings of $1.04 per share for the quarter, down from their prior estimate of $1.06. The consensus estimate for IDACORP’s current full-year earnings is $5.42 per share. Zacks Research also issued estimates for IDACORP’s Q2 2025 earnings at $1.63 EPS, Q4 2025 earnings at $0.86 EPS, FY2025 earnings at $5.81 EPS, Q3 2026 earnings at $2.45 EPS and FY2026 earnings at $6.20 EPS.

Other analysts have also issued research reports about the stock. Wells Fargo & Company lifted their price target on shares of IDACORP from $106.00 to $109.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. Bank of America upgraded IDACORP from a “neutral” rating to a “buy” rating and lifted their target price for the company from $113.00 to $117.00 in a research report on Tuesday, November 5th. StockNews.com cut IDACORP from a “hold” rating to a “sell” rating in a report on Wednesday, November 6th. Mizuho upgraded shares of IDACORP from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $102.00 to $116.00 in a report on Friday, November 1st. Finally, Jefferies Financial Group started coverage on shares of IDACORP in a research note on Friday, September 20th. They set a “hold” rating and a $110.00 target price for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, IDACORP currently has an average rating of “Hold” and a consensus price target of $108.83.

IDACORP Price Performance

Shares of IDA stock opened at $118.95 on Monday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.70 and a quick ratio of 1.34. The company has a market capitalization of $6.34 billion, a PE ratio of 22.07, a price-to-earnings-growth ratio of 2.64 and a beta of 0.60. The firm’s 50-day moving average is $107.00 and its two-hundred day moving average is $100.68. IDACORP has a 12 month low of $86.43 and a 12 month high of $120.42.

IDACORP (NYSE:IDA) last posted its quarterly earnings results on Thursday, October 31st. The energy company reported $2.12 EPS 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 company had revenue of $528.53 million for the quarter, compared to analysts’ expectations of $524.39 million. During the same quarter in the prior year, the firm earned $2.07 EPS.

Institutional Investors Weigh In On IDACORP

Several large investors have recently bought and sold shares of IDA. Wellington Management Group LLP increased its stake in shares of IDACORP by 17.7% during the third quarter. Wellington Management Group LLP now owns 2,389,823 shares of the energy company’s stock worth $246,367,000 after buying an additional 359,553 shares during the period. State Street Corp lifted its position in shares of IDACORP by 5.5% during the 3rd quarter. State Street Corp now owns 1,656,697 shares of the energy company’s stock worth $170,789,000 after buying an additional 86,642 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of IDACORP by 1.7% in the 2nd quarter. Victory Capital Management Inc. now owns 1,445,991 shares of the energy company’s stock valued at $134,694,000 after buying an additional 23,925 shares in the last quarter. Nuance Investments LLC boosted its stake in IDACORP by 19.0% in the second quarter. Nuance Investments LLC now owns 1,114,475 shares of the energy company’s stock valued at $103,813,000 after acquiring an additional 178,294 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of IDACORP by 3.9% in the 3rd quarter. Geode Capital Management LLC now owns 950,206 shares of the energy company’s stock valued at $97,981,000 after purchasing an additional 36,063 shares during the period. Hedge funds and other institutional investors own 89.10% of the company’s stock.

IDACORP Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 5th will be given a dividend of $0.86 per share. The ex-dividend date is Tuesday, November 5th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 2.89%. This is a positive change from IDACORP’s previous quarterly dividend of $0.83. IDACORP’s dividend payout ratio is currently 63.82%.

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.