What is Zacks Research’s Forecast for IDACORP Q2 Earnings?

IDACORP, Inc. (NYSE:IDA) – Stock analysts at Zacks Research lifted their Q2 2027 earnings per share (EPS) estimates for shares of IDACORP in a research note issued on Tuesday, September 1st. Zacks Research analyst Team now expects that the energy company will post earnings per share of $2.17 for the quarter, up from their previous forecast of $2.04. The consensus estimate for IDACORP’s current full-year earnings is $6.38 per share. Zacks Research also issued estimates for IDACORP’s Q3 2027 earnings at $2.91 EPS, Q1 2028 earnings at $0.96 EPS, Q2 2028 earnings at $1.98 EPS and FY2028 earnings at $7.74 EPS.

IDACORP (NYSE:IDA) last released its quarterly earnings results on Thursday, July 30th. The energy company reported $1.79 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.01. The firm had revenue of $469.80 million during the quarter, compared to the consensus estimate of $511.87 million. IDACORP had a return on equity of 9.34% and a net margin of 18.78%.During the same quarter in the prior year, the firm posted $1.76 EPS. IDACORP has set its FY 2026 guidance at 6.300-6.450 EPS.

Other equities research analysts have also issued reports about the stock. Wells Fargo & Company lifted their price target on shares of IDACORP from $154.00 to $155.00 and gave the company an “equal weight” rating in a research note on Friday, July 31st. Weiss Ratings restated a “buy (b)” rating on shares of IDACORP in a research note on Monday, August 3rd. Wall Street Zen cut IDACORP from a “hold” rating to a “sell” rating in a report on Saturday. Barclays lowered their target price on IDACORP from $167.00 to $162.00 and set an “overweight” rating on the stock in a research report on Monday, August 3rd. Finally, Morgan Stanley dropped their target price on IDACORP from $156.00 to $151.00 and set an “overweight” rating on the stock in a report on Friday, August 21st. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $153.86.

IDACORP Stock Performance

Shares of IDA stock opened at $136.38 on Wednesday. The company’s fifty day simple moving average is $145.25 and its 200-day simple moving average is $143.55. The company has a quick ratio of 0.75, a current ratio of 0.99 and a debt-to-equity ratio of 0.97. The firm has a market cap of $7.89 billion, a PE ratio of 22.58, a P/E/G ratio of 2.35 and a beta of 0.47. IDACORP has a 12 month low of $122.30 and a 12 month high of $154.91.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of IDACORP by 79.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,940 shares of the energy company’s stock valued at $690,000 after purchasing an additional 2,625 shares during the period. Goldman Sachs Group Inc. grew its holdings in IDACORP by 6.8% during the first quarter. Goldman Sachs Group Inc. now owns 342,496 shares of the energy company’s stock worth $39,805,000 after purchasing an additional 21,890 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in IDACORP by 8.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 143,677 shares of the energy company’s stock worth $16,698,000 after buying an additional 10,855 shares during the last quarter. American Century Companies Inc. increased its position in IDACORP by 12.6% during the second quarter. American Century Companies Inc. now owns 18,035 shares of the energy company’s stock worth $2,082,000 after buying an additional 2,016 shares during the last quarter. Finally, Invesco Ltd. raised its stake in IDACORP by 5.7% in the second quarter. Invesco Ltd. now owns 247,190 shares of the energy company’s stock valued at $28,538,000 after buying an additional 13,297 shares during the period. Institutional investors own 89.10% of the company’s stock.

IDACORP Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Wednesday, August 5th were given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Wednesday, August 5th. IDACORP’s dividend payout ratio is 58.28%.

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.