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

IDACORP, Inc. (NYSE:IDA) – Investment analysts at Zacks Research lowered their Q1 2026 earnings per share estimates for shares of IDACORP in a research report issued to clients and investors on Thursday, March 12th. Zacks Research analyst Team now expects that the energy company will post earnings of $1.15 per share for the quarter, down from their prior forecast of $1.20. The consensus estimate for IDACORP’s current full-year earnings is $5.81 per share. Zacks Research also issued estimates for IDACORP’s Q2 2026 earnings at $1.90 EPS, Q3 2026 earnings at $2.56 EPS, Q4 2026 earnings at $0.82 EPS, Q1 2027 earnings at $1.17 EPS, Q2 2027 earnings at $2.14 EPS, Q3 2027 earnings at $2.55 EPS, Q4 2027 earnings at $1.11 EPS, FY2027 earnings at $6.96 EPS and FY2028 earnings at $7.52 EPS.

IDA has been the subject of a number of other reports. Barclays upped their price objective on shares of IDACORP from $144.00 to $149.00 and gave the company an “overweight” rating in a research note on Tuesday, February 24th. Wells Fargo & Company downgraded shares of IDACORP from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $129.00 to $118.00 in a research report on Tuesday, January 20th. Weiss Ratings restated a “buy (b)” rating on shares of IDACORP in a report on Thursday, January 22nd. Mizuho upped their price target on shares of IDACORP from $141.00 to $148.00 and gave the company an “outperform” rating in a research report on Friday, February 20th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $156.00 price objective on shares of IDACORP in a research note on Friday, January 30th. Seven analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $143.00.

IDACORP Trading Up 0.4%

Shares of IDA opened at $141.07 on Friday. The business’s 50-day moving average price is $136.49 and its 200 day moving average price is $131.56. The stock has a market capitalization of $7.74 billion, a P/E ratio of 23.91, a P/E/G ratio of 2.73 and a beta of 0.58. IDACORP has a 1-year low of $108.15 and a 1-year high of $145.94. The company has a current ratio of 0.93, a quick ratio of 0.68 and a debt-to-equity ratio of 0.93.

IDACORP (NYSE:IDA) last announced its earnings results on Thursday, February 19th. The energy company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.74 by $0.04. IDACORP had a return on equity of 9.36% and a net margin of 17.84%.The business had revenue of $405.24 million during the quarter, compared to the consensus estimate of $533.06 million. During the same period in the prior year, the business posted $0.70 earnings per share. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS.

Hedge Funds Weigh In On IDACORP

Several institutional investors and hedge funds have recently modified their holdings of IDA. Orion Porfolio Solutions LLC boosted its position in IDACORP by 3,215.7% during the second 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 worth about $71,031,000. Soros Fund Management LLC purchased a new stake in shares of IDACORP during the 2nd quarter worth about $46,919,000. Capital Research Global Investors purchased a new stake in shares of IDACORP during the 4th quarter worth about $44,511,000. Finally, Invesco Ltd. lifted its holdings in shares of IDACORP by 139.4% during the 3rd quarter. Invesco Ltd. now owns 591,812 shares of the energy company’s stock valued at $78,208,000 after buying an additional 344,622 shares during the last quarter. 89.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other IDACORP news, VP Julia A. Hilton sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $142.79, for a total value of $142,790.00. Following the transaction, the vice president owned 2,313 shares in the company, valued at approximately $330,273.27. This represents a 30.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.46% of the company’s stock.

IDACORP Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Thursday, February 5th were given a dividend of $0.88 per share. The ex-dividend date of this dividend was Thursday, February 5th. This represents a $3.52 dividend on an annualized basis and a yield of 2.5%. IDACORP’s payout ratio is presently 59.66%.

More IDACORP News

Here are the key news stories impacting IDACORP this week:

• Positive Sentiment: Zacks raised FY2027 and FY2028 EPS forecasts (FY2027 to $6.96; FY2028 to $7.52), implying stronger multi-year earnings growth vs. the current consensus of $5.81 — a bullish signal for forward valuation and dividend coverage. MarketBeat: IDACORP Zacks Revisions
• Positive Sentiment: Zacks increased several quarterly estimates that underpin the raised multi-year outlook — notable bumps include Q3 2026 (to $2.56 from $2.43), Q3 2027 (to $2.55 from $2.44) and Q2 2027 (to $2.14 from $2.12) — supporting better operating performance in the back half of fiscal years. MarketBeat: IDACORP Zacks Revisions
• Neutral Sentiment: Zacks published a full set of quarterly and multi-year projections (covering Q1–Q4 2026, Q1–Q4 2027, FY2027–FY2028) that provide more explicit forward guidance from an independent research house — useful for modeling but not a company-issued guidance change. MarketBeat: IDACORP Zacks Revisions
• Negative Sentiment: Zacks trimmed near-term quarterly forecasts: Q1 2027 cut sharply (to $1.17 from $1.36) and modest reductions to Q1 2026 (1.15 from 1.20), Q2 2026 (1.90 from 1.93) and Q4 2026 (0.82 from 0.87) — these lower near-term EPS calls could weigh on sentiment and short-term stock performance. MarketBeat: IDACORP Zacks Revisions

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.