Zacks Research Has Negative Outlook for IDACORP Q3 Earnings

IDACORP, Inc. (NYSE:IDA) – Investment analysts at Zacks Research reduced their Q3 2026 earnings per share (EPS) estimates for shares of IDACORP in a report released on Thursday, May 21st. Zacks Research analyst Team now forecasts that the energy company will earn $2.54 per share for the quarter, down from their previous forecast of $2.59. The consensus estimate for IDACORP’s current full-year earnings is $6.38 per share. Zacks Research also issued estimates for IDACORP’s Q1 2027 earnings at $1.27 EPS, Q2 2027 earnings at $1.92 EPS, Q3 2027 earnings at $2.68 EPS, Q4 2027 earnings at $1.04 EPS and FY2027 earnings at $6.91 EPS.

Several other research firms have also recently issued reports on IDA. UBS Group boosted their target price on IDACORP from $134.00 to $142.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. Wall Street Zen raised shares of IDACORP from a “strong sell” rating to a “sell” rating in a report on Tuesday, May 12th. BTIG Research reaffirmed a “buy” rating and issued a $156.00 target price on shares of IDACORP in a report on Friday, January 30th. Morgan Stanley set a $147.00 price target on shares of IDACORP in a research report on Thursday, May 21st. Finally, Barclays upped their price target on IDACORP from $159.00 to $167.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Six analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $148.57.

IDACORP Stock Up 0.5%

Shares of NYSE:IDA opened at $142.76 on Wednesday. IDACORP has a fifty-two week low of $111.12 and a fifty-two week high of $149.73. The company has a quick ratio of 0.95, a current ratio of 1.21 and a debt-to-equity ratio of 1.01. The firm’s 50-day simple moving average is $143.42 and its 200-day simple moving average is $136.43. The company has a market cap of $7.91 billion, a price-to-earnings ratio of 23.75, a PEG ratio of 2.84 and a beta of 0.52.

IDACORP (NYSE:IDA) last released its quarterly earnings results on Thursday, April 30th. The energy company reported $1.21 EPS for the quarter, topping the consensus estimate of $1.12 by $0.09. The business had revenue of $403.41 million during the quarter, compared to analysts’ expectations of $437.51 million. IDACORP had a return on equity of 9.40% and a net margin of 18.60%.During the same quarter in the prior year, the business earned $1.10 earnings per share. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS.

IDACORP Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Tuesday, May 5th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Tuesday, May 5th. IDACORP’s dividend payout ratio is 58.57%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in IDA. Torren Management LLC purchased a new position in shares of IDACORP during the fourth quarter valued at approximately $25,000. Western Wealth Management LLC acquired a new stake in shares of IDACORP in the first quarter valued at about $29,000. Caitong International Asset Management Co. Ltd boosted its holdings in IDACORP by 630.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 219 shares of the energy company’s stock worth $29,000 after acquiring an additional 189 shares during the period. Measured Wealth Private Client Group LLC acquired a new stake in IDACORP in the third quarter valued at approximately $34,000. Finally, Los Angeles Capital Management LLC acquired a new stake in IDACORP in the fourth quarter valued at approximately $35,000. Institutional investors and hedge funds own 89.10% of the company’s stock.

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.