Zacks Research Analysts Lower Earnings Estimates for IDACORP

IDACORP, Inc. (NYSE:IDA) – Equities researchers at Zacks Research decreased their Q1 2026 earnings per share estimates for IDACORP in a report released on Thursday, March 12th. Zacks Research analyst Team now anticipates that the energy company will earn $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.

IDACORP (NYSE:IDA) last released its quarterly earnings results on Thursday, February 19th. The energy company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.04. IDACORP had a net margin of 17.84% and a return on equity of 9.36%. The company had revenue of $405.24 million for the quarter, compared to analyst estimates of $533.06 million. During the same quarter last year, the firm posted $0.70 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. Morgan Stanley set a $155.00 target price on shares of IDACORP in a research report on Friday, February 20th. Wells Fargo & Company lowered IDACORP from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $129.00 to $118.00 in a research note on Tuesday, January 20th. UBS Group boosted their price objective on IDACORP from $134.00 to $142.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. BTIG Research restated a “buy” rating and set a $156.00 target price on shares of IDACORP in a research note on Friday, January 30th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of IDACORP in a report on Thursday, January 22nd. Seven analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $143.00.

IDACORP Stock Performance

NYSE:IDA opened at $142.50 on Friday. The firm has a market capitalization of $7.82 billion, a PE ratio of 24.15, a PEG ratio of 2.74 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. The firm’s fifty day simple moving average is $136.79 and its 200 day simple moving average is $131.67.

IDACORP Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Thursday, February 5th were given a $0.88 dividend. The ex-dividend date was Thursday, February 5th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.5%. IDACORP’s dividend payout ratio (DPR) is currently 59.66%.

Insider Buying and Selling at IDACORP

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Torren Management LLC bought a new stake in IDACORP in the 4th quarter valued at $25,000. Caitong International Asset Management Co. Ltd boosted its position in shares of IDACORP by 630.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 219 shares of the energy company’s stock valued at $29,000 after acquiring an additional 189 shares in the last quarter. Quent Capital LLC acquired a new stake in shares of IDACORP during the 3rd quarter valued at about $30,000. Measured Wealth Private Client Group LLC acquired a new position in IDACORP in the third quarter worth about $34,000. Finally, Los Angeles Capital Management LLC acquired a new position in IDACORP in the fourth quarter worth about $35,000. 89.10% of the stock is owned by institutional investors.

Trending Headlines about IDACORP

Here are the key news stories impacting IDACORP this week:

• Positive Sentiment: Zacks raised FY2027 and FY2028 EPS views (FY2027 to $6.96 from $6.95; FY2028 to $7.52), implying stronger medium‑term earnings growth that supports a higher valuation multiple. Zacks Revisions
• Positive Sentiment: Zacks boosted several later‑year quarter forecasts, including Q3 2026 to $2.56 (from $2.43), Q2 2027 to $2.14 (from $2.12), Q3 2027 to $2.55 (from $2.44) and Q4 2027 to $1.11 (from $1.03). These upward revisions support the stronger FY outlook and suggest improving fundamentals in mid‑2026–2027. Zacks Revisions
• Negative Sentiment: Zacks trimmed near‑term quarterly forecasts: Q1 2026 down to $1.15 (from $1.20), Q2 2026 down to $1.90 (from $1.93) and Q4 2026 down to $0.82 (from $0.87). These near‑term cuts could pressure short‑term results vs. prior expectations. Zacks Revisions
• Negative Sentiment: Zacks lowered Q1 2027 to $1.17 from $1.36, a notable sequential cut that may raise questions about the timing of earnings recovery into 2027. Zacks Revisions

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.