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

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

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

IDACORP Stock Up 1.3 %

IDA stock opened at $115.81 on Monday. IDACORP has a fifty-two week low of $86.47 and a fifty-two week high of $120.42. The company has a market capitalization of $6.17 billion, a price-to-earnings ratio of 21.13, a price-to-earnings-growth ratio of 2.32 and a beta of 0.65. 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 business’s 50 day moving average price is $109.99 and its two-hundred day moving average price is $108.19.

IDACORP (NYSE:IDA) last posted its earnings results on Thursday, February 20th. The energy company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.07. The company had revenue of $398.13 million during the quarter, compared to analyst estimates 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

A number of hedge funds have recently modified their holdings of the business. MassMutual Private Wealth & Trust FSB lifted its stake in IDACORP by 98.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 242 shares of the energy company’s stock worth $26,000 after purchasing an additional 120 shares in the last quarter. Legacy Investment Solutions LLC purchased a new stake in shares of IDACORP in the third quarter valued at about $25,000. Versant Capital Management Inc grew its stake in shares of IDACORP by 2,150.0% during the 4th quarter. Versant Capital Management Inc now owns 315 shares of the energy company’s stock worth $34,000 after purchasing an additional 301 shares during the period. Independence Bank of Kentucky grew its holdings in IDACORP by 123.6% in the fourth quarter. Independence Bank of Kentucky now owns 407 shares of the energy company’s stock valued at $44,000 after purchasing an additional 225 shares during the last quarter. Finally, Avior Wealth Management LLC increased its position in IDACORP by 35.9% during the 3rd quarter. Avior Wealth Management LLC now owns 443 shares of the energy company’s stock worth $46,000 after purchasing an additional 117 shares in the last quarter. 89.10% of the stock is currently owned by institutional investors and hedge funds.

IDACORP Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Wednesday, February 5th will be issued a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a yield of 2.97%. The ex-dividend date is Wednesday, February 5th. IDACORP’s payout ratio is 62.77%.

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.