What is Zacks Research’s Estimate for IDACORP Q1 Earnings?

IDACORP, Inc. (NYSE:IDA) – Zacks Research decreased their Q1 2025 earnings per share estimates for IDACORP in a report released on Thursday, November 21st. Zacks Research analyst R. Department now forecasts that the energy company will post earnings of $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.

IDA has been the subject of several other reports. Jefferies Financial Group assumed coverage on IDACORP in a research report on Friday, September 20th. They issued a “hold” rating and a $110.00 target price for the company. StockNews.com cut shares of IDACORP from a “hold” rating to a “sell” rating in a research report on Wednesday, November 6th. Morgan Stanley lifted their price objective on IDACORP from $102.00 to $108.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Mizuho raised shares of IDACORP from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $102.00 to $116.00 in a research note on Friday, November 1st. Finally, Bank of America raised IDACORP from a “neutral” rating to a “buy” rating and upped their price target for the company from $113.00 to $117.00 in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, IDACORP has an average rating of “Hold” and a consensus price target of $108.83.

IDACORP Stock Performance

NYSE:IDA opened at $117.87 on Monday. IDACORP has a 52-week low of $86.43 and a 52-week high of $120.42. 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 company has a market cap of $6.28 billion, a price-to-earnings ratio of 21.89, a PEG ratio of 2.64 and a beta of 0.60. The firm’s 50-day moving average is $107.00 and its 200-day moving average is $100.68.

IDACORP (NYSE:IDA) last announced 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). 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 the consensus estimate of $524.39 million. During the same period last year, the firm posted $2.07 EPS.

Institutional Investors Weigh In On IDACORP

A number of hedge funds have recently modified their holdings of the business. Legacy Investment Solutions LLC acquired a new position in IDACORP during the 3rd quarter worth approximately $25,000. V Square Quantitative Management LLC acquired a new position in shares of IDACORP in the third quarter valued at about $26,000. Rise Advisors LLC grew its position in shares of IDACORP by 65.8% during the 2nd quarter. Rise Advisors LLC now owns 368 shares of the energy company’s stock worth $34,000 after purchasing an additional 146 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in IDACORP during the 2nd quarter worth $35,000. Finally, Avior Wealth Management LLC increased its position in shares of IDACORP by 35.9% in the third quarter. Avior Wealth Management LLC now owns 443 shares of the energy company’s stock worth $46,000 after purchasing an additional 117 shares during the period. Institutional investors and hedge funds own 89.10% of the company’s stock.

IDACORP Increases Dividend

The company also recently declared 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. This represents a $3.44 dividend on an annualized basis and a dividend yield of 2.92%. This is a boost from IDACORP’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend is Tuesday, November 5th. IDACORP’s dividend payout ratio (DPR) 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.