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

IDACORP, Inc. (NYSE:IDA) – Equities researchers at Zacks Research lowered their Q1 2026 earnings per share (EPS) estimates for IDACORP in a research report issued on Thursday, April 9th. Zacks Research analyst Team now anticipates that the energy company will post earnings per share of $1.12 for the quarter, down from their prior forecast of $1.15. 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 $1.89 EPS, Q3 2026 earnings at $2.59 EPS and Q4 2026 earnings at $0.81 EPS.

IDACORP (NYSE:IDA) last announced its quarterly earnings results on Thursday, February 19th. The energy company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.04. IDACORP had a return on equity of 9.36% and a net margin of 17.84%.The business had revenue of $405.24 million during the quarter, compared to analysts’ expectations of $533.06 million. During the same quarter last year, the business posted $0.70 earnings per share. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS.

A number of other research firms have also recently commented on IDA. Jefferies Financial Group dropped their price objective on IDACORP from $152.00 to $150.00 and set a “buy” rating for the company in a research report on Wednesday, January 28th. BTIG Research reiterated a “buy” rating and set a $156.00 price objective on shares of IDACORP in a research report on Friday, January 30th. Morgan Stanley set a $155.00 price objective on IDACORP in a research report on Friday, February 20th. Weiss Ratings reiterated a “buy (b)” rating on shares of IDACORP in a research report on Thursday, January 22nd. Finally, Wall Street Zen cut IDACORP from a “hold” rating to a “sell” rating in a research report on Sunday, February 22nd. Seven 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 MarketBeat, IDACORP has an average rating of “Moderate Buy” and a consensus target price of $144.25.

IDACORP Trading Down 0.6%

IDACORP stock opened at $147.54 on Friday. The stock has a market cap of $8.11 billion, a PE ratio of 25.01, a P/E/G ratio of 2.90 and a beta of 0.54. The stock has a 50-day moving average price of $141.13 and a 200 day moving average price of $134.01. IDACORP has a 52 week low of $108.15 and a 52 week high of $149.73. The company has a current ratio of 0.93, a quick ratio of 0.68 and a debt-to-equity ratio of 0.93.

IDACORP Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Thursday, February 5th were issued a $0.88 dividend. The ex-dividend date was Thursday, February 5th. This represents a $3.52 annualized dividend and a yield of 2.4%. IDACORP’s payout ratio is 59.66%.

Insider Buying and Selling

In other IDACORP news, VP Julia A. Hilton sold 1,000 shares of IDACORP stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $142.79, for a total value of $142,790.00. Following the completion of the sale, the vice president owned 2,313 shares in the company, valued at $330,273.27. The trade was a 30.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.46% of the stock is owned by company insiders.

Institutional Trading of IDACORP

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Torren Management LLC acquired a new position in shares of IDACORP in the 4th quarter valued at about $25,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of IDACORP by 630.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 219 shares of the energy company’s stock valued at $29,000 after purchasing an additional 189 shares in the last quarter. Quent Capital LLC acquired a new position in shares of IDACORP in the 3rd quarter valued at about $30,000. Measured Wealth Private Client Group LLC acquired a new position in shares of IDACORP in the 3rd quarter valued at about $34,000. Finally, Los Angeles Capital Management LLC acquired a new position in shares of IDACORP in the 4th quarter valued at about $35,000. Hedge funds and other institutional investors own 89.10% of the company’s stock.

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.