Zacks Research Has Negative Forecast for IDACORP Q1 Earnings

IDACORP, Inc. (NYSE:IDA) – Equities research analysts at Zacks Research cut their Q1 2026 earnings per share estimates for shares of IDACORP in a report released on Thursday, April 9th. Zacks Research analyst Team now anticipates that the energy company will earn $1.12 per share for the quarter, down from their prior forecast of $1.15. The consensus estimate for IDACORP’s current full-year earnings is $5.81 per share. Zacks Research also issued estimates for IDACORP’s Q2 2026 earnings at $1.89 EPS, Q3 2026 earnings at $2.59 EPS and Q4 2026 earnings at $0.81 EPS.

IDACORP (NYSE:IDA) last issued its quarterly earnings data on Thursday, February 19th. The energy company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.04. The firm had revenue of $405.24 million during the quarter, compared to the consensus estimate of $533.06 million. IDACORP had a return on equity of 9.36% and a net margin of 17.84%.During the same period in the prior year, the business earned $0.70 EPS. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS.

A number of other brokerages also recently commented on IDA. Jefferies Financial Group lowered their price objective on IDACORP from $152.00 to $150.00 and set a “buy” rating for the company in a research note on Wednesday, January 28th. Wells Fargo & Company cut IDACORP from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $129.00 to $118.00 in a research note on Tuesday, January 20th. BTIG Research reissued a “buy” rating and set a $156.00 price target on shares of IDACORP in a report on Friday, January 30th. Mizuho lifted their price objective on shares of IDACORP from $141.00 to $148.00 and gave the company an “outperform” rating in a research note on Friday, February 20th. Finally, Wall Street Zen downgraded shares of IDACORP from a “hold” rating to a “sell” rating in a report on Sunday, February 22nd. Seven analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $144.25.

IDACORP Price Performance

Shares of IDA opened at $148.31 on Friday. The company has a market cap of $8.15 billion, a P/E ratio of 25.14, a PEG ratio of 2.85 and a beta of 0.54. The stock has a fifty day moving average price of $140.83 and a 200 day moving average price of $133.87. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.93 and a quick ratio of 0.68. IDACORP has a 12 month low of $108.15 and a 12 month high of $148.66.

IDACORP Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Thursday, February 5th were paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Thursday, February 5th. IDACORP’s dividend payout ratio (DPR) is presently 59.66%.

Insider Transactions at IDACORP

In other news, VP Julia A. Hilton sold 1,000 shares of IDACORP stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $142.79, for a total transaction of $142,790.00. Following the transaction, the vice president directly owned 2,313 shares in the company, valued at approximately $330,273.27. This trade represents a 30.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.46% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Orion Porfolio Solutions LLC grew its holdings in IDACORP by 3,215.7% during the second quarter. Orion Porfolio Solutions LLC now owns 604,451 shares of the energy company’s stock worth $69,784,000 after acquiring an additional 586,221 shares during the period. Zimmer Partners LP acquired a new stake in IDACORP in the 3rd quarter valued at about $71,031,000. Soros Fund Management LLC bought a new position in shares of IDACORP during the 2nd quarter valued at about $46,919,000. Capital Research Global Investors bought a new position in shares of IDACORP during the 4th quarter valued at about $44,511,000. Finally, Invesco Ltd. grew its stake in shares of IDACORP by 139.4% in the 3rd quarter. Invesco Ltd. now owns 591,812 shares of the energy company’s stock worth $78,208,000 after purchasing an additional 344,622 shares during the last quarter. Institutional investors own 89.10% of the company’s stock.

About IDACORP

IDACORP, Inc is a diversified energy holding company headquartered in Boise, Idaho, whose primary subsidiary, Idaho Power Company, operates as a regulated electric utility. Through Idaho Power, the company provides generation, transmission and distribution services to residential, commercial and industrial customers. The company’s service territory spans southern Idaho and eastern Oregon, where it serves over half a million customers with a mix of hydroelectric, natural gas, wind and solar generation assets.

Idaho Power’s generation portfolio is anchored by a network of hydroelectric facilities along the Snake River system, complemented by natural-gas-fired plants and growing investments in renewable resources.