Zacks Research Issues Positive Outlook for IDACORP Earnings

IDACORP, Inc. (NYSE:IDA) – Zacks Research lifted their Q1 2026 EPS estimates for IDACORP in a research note issued to investors on Tuesday, January 21st. Zacks Research analyst R. Department now forecasts that the energy company will post earnings per share of $1.20 for the quarter, up from their prior forecast of $1.16. The consensus estimate for IDACORP’s current full-year earnings is $5.41 per share. Zacks Research also issued estimates for IDACORP’s Q2 2026 earnings at $1.66 EPS, Q3 2026 earnings at $2.43 EPS, Q4 2026 earnings at $1.06 EPS and FY2026 earnings at $6.36 EPS.

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 net margin of 15.35% and a return on equity of 9.17%. The firm had revenue of $528.53 million during the quarter, compared to analysts’ expectations of $524.39 million. During the same period in the previous year, the firm earned $2.07 EPS.

Other analysts have also recently issued research reports about the stock. Wells Fargo & Company increased their price target on shares of IDACORP from $106.00 to $109.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. Mizuho upgraded shares of IDACORP from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $102.00 to $116.00 in a report on Friday, November 1st. StockNews.com downgraded shares of IDACORP from a “hold” rating to a “sell” rating in a research note on Wednesday, November 6th. Guggenheim upgraded IDACORP from a “neutral” rating to a “buy” rating in a research note on Thursday. Finally, Bank of America raised IDACORP from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $113.00 to $117.00 in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $114.60.

IDACORP Stock Performance

Shares of IDACORP stock opened at $108.65 on Thursday. The stock has a market capitalization of $5.79 billion, a price-to-earnings ratio of 20.16, a price-to-earnings-growth ratio of 2.29 and a beta of 0.65. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.70 and a quick ratio of 1.34. The business has a 50-day moving average of $112.39 and a 200 day moving average of $105.82. IDACORP has a 12 month low of $86.43 and a 12 month high of $120.42.

IDACORP Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Wednesday, February 5th will be paid a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date is Wednesday, February 5th. IDACORP’s dividend payout ratio is presently 63.82%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Wellington Management Group LLP lifted its stake in IDACORP by 17.7% during the third quarter. Wellington Management Group LLP now owns 2,389,823 shares of the energy company’s stock worth $246,367,000 after purchasing an additional 359,553 shares during the last quarter. State Street Corp raised its holdings in IDACORP by 5.5% during the third quarter. State Street Corp now owns 1,656,697 shares of the energy company’s stock worth $170,789,000 after purchasing an additional 86,642 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of IDACORP by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 950,206 shares of the energy company’s stock worth $97,981,000 after buying an additional 36,063 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of IDACORP by 7.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 693,327 shares of the energy company’s stock valued at $64,583,000 after buying an additional 47,527 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of IDACORP by 5.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 692,293 shares of the energy company’s stock valued at $71,368,000 after buying an additional 35,651 shares during the last quarter. 89.10% of the stock is owned by institutional investors and hedge funds.

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.