Equities Analysts Set Expectations for IDACORP Q1 Earnings

IDACORP, Inc. (NYSE:IDA) – Investment analysts at Zacks Research reduced their Q1 2025 EPS estimates for shares of IDACORP in a research report issued to clients and investors on Thursday, November 21st. Zacks Research analyst R. Department now forecasts that the energy company will earn $1.04 per share for the quarter, down from their prior forecast 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 research analysts also recently issued research reports about the company. Morgan Stanley lifted their price target on IDACORP from $102.00 to $108.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. Bank of America upgraded shares of IDACORP from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $113.00 to $117.00 in a research report on Tuesday, November 5th. Jefferies Financial Group assumed coverage on IDACORP in a research report on Friday, September 20th. They set a “hold” rating and a $110.00 price target for the company. StockNews.com downgraded IDACORP from a “hold” rating to a “sell” rating in a research report on Wednesday, November 6th. Finally, Mizuho raised shares of 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $108.83.

IDACORP Stock Performance

Shares of IDA stock opened at $118.95 on Monday. 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 stock has a market cap of $6.34 billion, a PE ratio of 22.07, a P/E/G ratio of 2.64 and a beta of 0.60. IDACORP has a 1 year low of $86.43 and a 1 year high of $120.42. The stock has a fifty day moving average price of $107.00 and a 200 day moving average price of $100.68.

IDACORP (NYSE:IDA) last issued its earnings results on Thursday, October 31st. The energy company reported $2.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.05). The company had revenue of $528.53 million during the quarter, compared to analysts’ expectations of $524.39 million. IDACORP had a net margin of 15.35% and a return on equity of 9.17%. During the same period last year, the business posted $2.07 earnings per share.

IDACORP Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Tuesday, November 5th will be paid a $0.86 dividend. This is a positive change from IDACORP’s previous quarterly dividend of $0.83. This represents a $3.44 annualized dividend and a yield of 2.89%. The ex-dividend date is Tuesday, November 5th. IDACORP’s dividend payout ratio is presently 63.82%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Clean Energy Transition LLP acquired a new stake in shares of IDACORP during the 2nd quarter worth $49,103,000. Wellington Management Group LLP raised its holdings in shares of IDACORP by 17.7% during the 3rd quarter. Wellington Management Group LLP now owns 2,389,823 shares of the energy company’s stock valued at $246,367,000 after buying an additional 359,553 shares during the period. Nuance Investments LLC lifted its position in shares of IDACORP by 19.0% during the second quarter. Nuance Investments LLC now owns 1,114,475 shares of the energy company’s stock worth $103,813,000 after purchasing an additional 178,294 shares in the last quarter. Deprince Race & Zollo Inc. boosted its position in IDACORP by 30.8% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 576,136 shares of the energy company’s stock valued at $53,667,000 after buying an additional 135,793 shares during the last quarter. Finally, State Street Corp boosted its holdings in IDACORP by 5.5% in the third quarter. State Street Corp now owns 1,656,697 shares of the energy company’s stock valued at $170,789,000 after purchasing an additional 86,642 shares during the last quarter. 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.