Zacks Research Has Bearish Outlook for IDACORP Q1 Earnings

IDACORP, Inc. (NYSE:IDA) – Stock analysts at Zacks Research dropped their Q1 2027 EPS estimates for IDACORP in a note issued to investors on Thursday, August 20th. Zacks Research analyst Team now forecasts that the energy company will post earnings per share of $0.91 for the quarter, down from their previous estimate of $1.27. The consensus estimate for IDACORP’s current full-year earnings is $6.38 per share.

IDACORP (NYSE:IDA) last released its quarterly earnings data on Thursday, July 30th. The energy company reported $1.79 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.01. The company had revenue of $469.80 million during the quarter, compared to analysts’ expectations of $511.87 million. IDACORP had a net margin of 18.78% and a return on equity of 9.34%. During the same quarter in the previous year, the company earned $1.76 earnings per share. IDACORP has set its FY 2026 guidance at 6.300-6.450 EPS.

IDA has been the subject of a number of other research reports. Wells Fargo & Company upped their price target on IDACORP from $154.00 to $155.00 and gave the stock an “equal weight” rating in a report on Friday, July 31st. BTIG Research reissued a “buy” rating and issued a $160.00 price objective on shares of IDACORP in a report on Thursday, July 23rd. Mizuho set a $157.00 price objective on IDACORP in a research report on Friday, May 1st. Wall Street Zen raised IDACORP from a “sell” rating to a “hold” rating in a research note on Sunday, August 2nd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of IDACORP in a research report on Monday, August 3rd. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, IDACORP currently has an average rating of “Moderate Buy” and an average target price of $153.86.

IDACORP Price Performance

NYSE:IDA opened at $138.15 on Monday. IDACORP has a 52 week low of $122.30 and a 52 week high of $154.91. The company has a quick ratio of 0.75, a current ratio of 0.99 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $7.99 billion, a PE ratio of 22.87, a price-to-earnings-growth ratio of 2.37 and a beta of 0.48. The stock’s 50-day moving average price is $145.94 and its 200-day moving average price is $143.50.

Hedge Funds Weigh In On IDACORP

A number of hedge funds have recently made changes to their positions in the company. California State Teachers Retirement System boosted its stake in shares of IDACORP by 14,200.9% in the second quarter. California State Teachers Retirement System now owns 9,695,153 shares of the energy company’s stock worth $1,466,877,000 after acquiring an additional 9,627,359 shares during the last quarter. BlackRock Inc. purchased a new stake in shares of IDACORP during the second quarter worth approximately $1,033,914,000. Orion Porfolio Solutions LLC raised its stake in IDACORP by 3,215.7% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 604,451 shares of the energy company’s stock valued at $69,784,000 after purchasing an additional 586,221 shares during the last quarter. Zimmer Partners LP acquired a new position in IDACORP in the 3rd quarter valued at $71,031,000. Finally, Bank of New York Mellon Corp acquired a new position in IDACORP in the 2nd quarter valued at $72,143,000. Institutional investors and hedge funds own 89.10% of the company’s stock.

Insiders Place Their Bets

In related news, VP James Bo D. Hanchey sold 1,500 shares of IDACORP stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $140.95, for a total value of $211,425.00. Following the sale, the vice president directly owned 2,138 shares in the company, valued at approximately $301,351.10. The trade was a 41.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.33% of the company’s stock.

IDACORP Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Wednesday, August 5th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Wednesday, August 5th. This represents a $3.52 dividend on an annualized basis and a yield of 2.5%. IDACORP’s dividend payout ratio (DPR) is currently 58.28%.

IDACORP Company Profile

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.