Zacks Research Has Optimistic Outlook of IDACORP Q1 Earnings

IDACORP, Inc. (NYSE:IDA) – Equities research analysts at Zacks Research boosted their Q1 2026 earnings per share estimates for IDACORP in a research report issued on Tuesday, January 21st. Zacks Research analyst R. Department now anticipates that the energy company will post earnings of $1.20 per share 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 quarterly earnings results on Thursday, October 31st. The energy company reported $2.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.05). IDACORP had a return on equity of 9.17% and a net margin of 15.35%. The firm had revenue of $528.53 million during the quarter, compared to the consensus estimate of $524.39 million. During the same quarter in the previous year, the company posted $2.07 EPS.

IDA has been the subject of a number of other reports. Bank of America raised IDACORP from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $113.00 to $117.00 in a report on Tuesday, November 5th. Guggenheim raised IDACORP from a “neutral” rating to a “buy” rating in a research report on Thursday. Morgan Stanley raised their target price on IDACORP from $110.00 to $121.00 and gave the company an “equal weight” rating in a research report on Friday, December 13th. Wells Fargo & Company boosted their price target on shares of IDACORP from $106.00 to $109.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Finally, StockNews.com downgraded shares of IDACORP from a “hold” rating to a “sell” rating in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $114.60.

IDACORP Trading Up 0.5 %

NYSE:IDA opened at $109.01 on Thursday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.70 and a quick ratio of 1.34. IDACORP has a one year low of $86.43 and a one year high of $120.42. The company has a market cap of $5.81 billion, a PE ratio of 20.22, a PEG ratio of 2.21 and a beta of 0.65. The firm has a 50-day moving average of $112.23 and a 200-day moving average of $105.93.

Hedge Funds Weigh In On IDACORP

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. M&T Bank Corp lifted its stake in IDACORP by 0.8% during the third quarter. M&T Bank Corp now owns 10,992 shares of the energy company’s stock worth $1,133,000 after purchasing an additional 92 shares during the last quarter. CENTRAL TRUST Co raised its holdings in shares of IDACORP by 13.7% during the 4th quarter. CENTRAL TRUST Co now owns 832 shares of the energy company’s stock valued at $91,000 after buying an additional 100 shares in the last quarter. Trust Point Inc. lifted its position in IDACORP by 1.4% in the 3rd quarter. Trust Point Inc. now owns 7,374 shares of the energy company’s stock worth $760,000 after buying an additional 101 shares during the last quarter. Blue Trust Inc. boosted its stake in IDACORP by 7.5% in the third quarter. Blue Trust Inc. now owns 1,523 shares of the energy company’s stock worth $157,000 after buying an additional 106 shares in the last quarter. Finally, Pitcairn Co. grew its position in IDACORP by 2.3% during the third quarter. Pitcairn Co. now owns 4,801 shares of the energy company’s stock valued at $495,000 after acquiring an additional 107 shares during the last quarter. Institutional investors own 89.10% of the company’s stock.

IDACORP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Wednesday, February 5th will be issued a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a yield of 3.16%. The ex-dividend date is Wednesday, February 5th. IDACORP’s dividend payout ratio (DPR) is presently 63.82%.

IDACORP Company Profile

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.