Zacks Research Issues Positive Estimate for IDACORP Earnings

IDACORP, Inc. (NYSE:IDA) – Analysts at Zacks Research lifted their Q2 2025 EPS estimates for shares of IDACORP in a report issued on Wednesday, October 30th. Zacks Research analyst R. Department now anticipates that the energy company will post earnings of $1.61 per share for the quarter, up from their previous forecast of $1.54. The consensus estimate for IDACORP’s current full-year earnings is $5.39 per share. Zacks Research also issued estimates for IDACORP’s Q3 2025 earnings at $2.26 EPS and Q1 2026 earnings at $1.10 EPS.

IDACORP (NYSE:IDA) last posted its 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 net margin of 15.35% and a return on equity of 9.38%. The firm had revenue of $528.53 million during the quarter, compared to analyst estimates of $524.39 million. During the same quarter in the prior year, the firm earned $2.07 earnings per share.

Other equities analysts have also recently issued reports about the stock. Morgan Stanley upped their price objective on shares of IDACORP from $102.00 to $108.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Wells Fargo & Company upped their price objective on shares of IDACORP from $106.00 to $109.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. StockNews.com upgraded shares of IDACORP from a “sell” rating to a “hold” rating in a research report on Tuesday, October 29th. Jefferies Financial Group started coverage on shares of IDACORP in a research report on Friday, September 20th. They set a “hold” rating and a $110.00 price objective for the company. Finally, Mizuho upgraded shares of IDACORP from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $102.00 to $116.00 in a research report on Friday. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $107.67.

IDACORP Stock Performance

IDA opened at $105.85 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.55 and a quick ratio of 1.17. The firm has a fifty day moving average price of $102.92 and a 200 day moving average price of $98.25. The stock has a market cap of $5.64 billion, a P/E ratio of 19.64, a P/E/G ratio of 3.47 and a beta of 0.60. IDACORP has a 1 year low of $86.43 and a 1 year high of $109.47.

Institutional Investors Weigh In On IDACORP

Hedge funds have recently modified their holdings of the business. Victory Capital Management Inc. grew its holdings in shares of IDACORP by 1.7% in the second quarter. Victory Capital Management Inc. now owns 1,445,991 shares of the energy company’s stock valued at $134,694,000 after purchasing an additional 23,925 shares during the period. Nuance Investments LLC grew its holdings in shares of IDACORP by 19.0% in the second quarter. Nuance Investments LLC now owns 1,114,475 shares of the energy company’s stock valued at $103,813,000 after purchasing an additional 178,294 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of IDACORP by 7.4% in the second quarter. Dimensional Fund Advisors LP now owns 693,327 shares of the energy company’s stock valued at $64,583,000 after purchasing an additional 47,527 shares during the period. Boston Trust Walden Corp grew its holdings in shares of IDACORP by 1.3% in the second quarter. Boston Trust Walden Corp now owns 576,189 shares of the energy company’s stock valued at $53,672,000 after purchasing an additional 7,194 shares during the period. Finally, Deprince Race & Zollo Inc. grew its holdings in shares of IDACORP by 30.8% in the second quarter. Deprince Race & Zollo Inc. now owns 576,136 shares of the energy company’s stock valued at $53,667,000 after purchasing an additional 135,793 shares during the period. 89.10% of the stock is currently owned by institutional investors and hedge funds.

IDACORP Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 5th will be given a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a dividend yield of 3.25%. This is a boost from IDACORP’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend is Tuesday, November 5th. IDACORP’s dividend payout ratio is 61.60%.

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.