What is Zacks Research’s Forecast for IDACORP Q2 Earnings?

IDACORP, Inc. (NYSE:IDA) – Analysts at Zacks Research lifted their Q2 2025 earnings per share (EPS) estimates for IDACORP in a research report issued to clients and investors on Thursday, December 5th. Zacks Research analyst R. Department now forecasts that the energy company will post earnings of $1.67 per share for the quarter, up from their previous forecast of $1.63. The consensus estimate for IDACORP’s current full-year earnings is $5.41 per share. Zacks Research also issued estimates for IDACORP’s FY2025 earnings at $5.82 EPS, Q2 2026 earnings at $1.59 EPS and Q3 2026 earnings at $2.47 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 9.17%. The company had revenue of $528.53 million during the quarter, compared to analysts’ expectations of $524.39 million. During the same quarter last year, the firm earned $2.07 EPS.

A number of other brokerages have also weighed in on IDA. StockNews.com lowered IDACORP from a “hold” rating to a “sell” rating in a research note on Wednesday, November 6th. Morgan Stanley boosted their price target on IDACORP from $102.00 to $108.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. Jefferies Financial Group started coverage on IDACORP in a research note on Friday, September 20th. They set a “hold” rating and a $110.00 price target on the stock. Wells Fargo & Company boosted their price target on IDACORP from $106.00 to $109.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. Finally, Bank of America upgraded IDACORP from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $113.00 to $117.00 in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $108.83.

IDACORP Price Performance

Shares of IDA stock opened at $112.86 on Monday. IDACORP has a fifty-two week low of $86.43 and a fifty-two week high of $120.42. The firm has a market capitalization of $6.01 billion, a price-to-earnings ratio of 20.94, a PEG ratio of 2.56 and a beta of 0.64. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.34 and a current ratio of 1.70. The stock’s 50-day simple moving average is $109.98 and its 200-day simple moving average is $102.15.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Clean Energy Transition LLP purchased a new stake in IDACORP in the 2nd quarter worth approximately $49,103,000. Wellington Management Group LLP boosted its position in IDACORP by 17.7% in the 3rd quarter. Wellington Management Group LLP now owns 2,389,823 shares of the energy company’s stock worth $246,367,000 after purchasing an additional 359,553 shares in the last quarter. Nuance Investments LLC boosted its position in IDACORP by 19.0% in the 2nd quarter. Nuance Investments LLC now owns 1,114,475 shares of the energy company’s stock worth $103,813,000 after purchasing an additional 178,294 shares in the last quarter. Deprince Race & Zollo Inc. boosted its position in IDACORP by 30.8% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 576,136 shares of the energy company’s stock worth $53,667,000 after purchasing an additional 135,793 shares in the last quarter. Finally, State Street Corp boosted its position in IDACORP by 5.5% in the 3rd quarter. State Street Corp now owns 1,656,697 shares of the energy company’s stock worth $170,789,000 after purchasing an additional 86,642 shares in the last quarter. 89.10% of the stock is owned by institutional investors and hedge funds.

IDACORP Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 5th were issued a dividend of $0.86 per share. This is an increase from IDACORP’s previous quarterly dividend of $0.83. The ex-dividend date was Tuesday, November 5th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 3.05%. IDACORP’s payout ratio is 63.82%.

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.