Brokers Issue Forecasts for IDACORP’s Q2 Earnings (NYSE:IDA)

IDACORP, Inc. (NYSE:IDA) – Investment analysts at Zacks Research dropped their Q2 2026 EPS estimates for IDACORP in a research note issued to investors on Thursday, May 21st. Zacks Research analyst Team now expects that the energy company will post earnings per share of $1.87 for the quarter, down from their previous estimate of $1.89. The consensus estimate for IDACORP’s current full-year earnings is $6.38 per share. Zacks Research also issued estimates for IDACORP’s FY2026 earnings at $6.43 EPS and Q1 2028 earnings at $1.37 EPS.

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

Other research analysts have also issued research reports about the stock. Wells Fargo & Company reissued an “underweight” rating and issued a $121.00 price objective on shares of IDACORP in a research note on Tuesday, April 21st. BTIG Research reissued a “buy” rating and issued a $156.00 price objective on shares of IDACORP in a research note on Friday, January 30th. Mizuho set a $157.00 price objective on shares of IDACORP in a research note on Friday, May 1st. Jefferies Financial Group lowered their price objective on shares of IDACORP from $152.00 to $150.00 and set a “buy” rating for the company in a research note on Wednesday, January 28th. Finally, Weiss Ratings upgraded shares of IDACORP from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 6th. Six research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $148.57.

IDACORP Trading Up 0.0%

NYSE IDA opened at $142.01 on Monday. The firm has a 50 day simple moving average of $143.39 and a 200-day simple moving average of $136.25. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.95 and a current ratio of 1.21. IDACORP has a one year low of $111.12 and a one year high of $149.73. The firm has a market cap of $7.87 billion, a price-to-earnings ratio of 23.63, a PEG ratio of 2.83 and a beta of 0.52.

Institutional Trading of IDACORP

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Assetmark Inc. boosted its position in shares of IDACORP by 7.6% during the 3rd quarter. Assetmark Inc. now owns 1,128 shares of the energy company’s stock worth $149,000 after purchasing an additional 80 shares in the last quarter. AMG National Trust Bank boosted its position in shares of IDACORP by 0.7% during the 3rd quarter. AMG National Trust Bank now owns 11,665 shares of the energy company’s stock worth $1,542,000 after purchasing an additional 80 shares in the last quarter. AssuredPartners Investment Advisors LLC boosted its position in shares of IDACORP by 5.1% during the 4th quarter. AssuredPartners Investment Advisors LLC now owns 1,653 shares of the energy company’s stock worth $209,000 after purchasing an additional 80 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of IDACORP by 31.2% during the 3rd quarter. Smartleaf Asset Management LLC now owns 408 shares of the energy company’s stock worth $53,000 after purchasing an additional 97 shares in the last quarter. Finally, Harbour Investments Inc. boosted its position in shares of IDACORP by 48.0% during the 4th quarter. Harbour Investments Inc. now owns 302 shares of the energy company’s stock worth $38,000 after purchasing an additional 98 shares in the last quarter. Institutional investors and hedge funds own 89.10% of the company’s stock.

IDACORP Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, May 5th. This represents a $3.52 dividend on an annualized basis and a yield of 2.5%. IDACORP’s dividend payout ratio (DPR) is presently 58.57%.

About IDACORP

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.