Zacks Research Comments on IDACORP’s Q1 Earnings (NYSE:IDA)

IDACORP, Inc. (NYSE:IDA) – Stock analysts at Zacks Research lifted their Q1 2026 earnings per share (EPS) estimates for shares of IDACORP in a report issued on Wednesday, February 19th. Zacks Research analyst R. Department now forecasts that the energy company will earn $1.21 per share for the quarter, up 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 Q4 2026 earnings at $1.08 EPS and FY2026 earnings at $6.40 EPS.

IDACORP (NYSE:IDA) last issued its quarterly earnings results on Thursday, February 20th. The energy company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.07. The company had revenue of $398.13 million during the quarter, compared to analysts’ expectations of $403.21 million. IDACORP had a return on equity of 9.23% and a net margin of 15.83%.

IDA has been the subject of several other research reports. Mizuho raised IDACORP from a “neutral” rating to an “outperform” rating and increased their price target for the company from $102.00 to $116.00 in a research note on Friday, November 1st. Bank of America raised IDACORP from a “neutral” rating to a “buy” rating and increased their price target for the company from $113.00 to $117.00 in a research note on Tuesday, November 5th. Guggenheim raised IDACORP from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. StockNews.com cut IDACORP from a “hold” rating to a “sell” rating in a research note on Wednesday, November 6th. Finally, Morgan Stanley raised their target price on IDACORP from $110.00 to $121.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, IDACORP has an average rating of “Hold” and an average target price of $116.20.

IDACORP Trading Up 1.1 %

Shares of IDA stock opened at $113.98 on Friday. The stock has a market cap of $6.07 billion, a price-to-earnings ratio of 20.80, a PEG ratio of 2.32 and a beta of 0.65. The stock has a 50-day moving average of $109.90 and a 200-day moving average of $107.95. The company has a current ratio of 1.70, a quick ratio of 1.34 and a debt-to-equity ratio of 0.93. IDACORP has a 1-year low of $86.47 and a 1-year high of $120.42.

IDACORP Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Wednesday, February 5th will be paid a dividend of $0.86 per share. The ex-dividend date is Wednesday, February 5th. This represents a $3.44 annualized dividend and a yield of 3.02%. IDACORP’s dividend payout ratio is currently 62.77%.

Institutional Investors Weigh In On IDACORP

Large investors have recently added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB grew its stake in IDACORP by 98.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 242 shares of the energy company’s stock worth $26,000 after purchasing an additional 120 shares during the period. Legacy Investment Solutions LLC acquired a new stake in IDACORP in the third quarter valued at approximately $25,000. Versant Capital Management Inc grew its stake in IDACORP by 2,150.0% in the fourth quarter. Versant Capital Management Inc now owns 315 shares of the energy company’s stock valued at $34,000 after acquiring an additional 301 shares during the period. Independence Bank of Kentucky grew its stake in IDACORP by 123.6% in the fourth quarter. Independence Bank of Kentucky now owns 407 shares of the energy company’s stock valued at $44,000 after acquiring an additional 225 shares during the period. Finally, Avior Wealth Management LLC grew its stake in IDACORP by 35.9% in the third quarter. Avior Wealth Management LLC now owns 443 shares of the energy company’s stock valued at $46,000 after acquiring an additional 117 shares during the period. Institutional investors and hedge funds own 89.10% of the company’s stock.

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.