Zacks Research Issues Negative Forecast for IDACORP Earnings

IDACORP, Inc. (NYSE:IDA) – Zacks Research cut their Q1 2026 earnings estimates for IDACORP in a research report issued on Thursday, March 12th. Zacks Research analyst Team now forecasts that the energy company will post earnings of $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 earnings per share 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 business had revenue of $405.24 million for the quarter, compared to the consensus estimate of $533.06 million. During the same quarter last year, the firm earned $0.70 EPS. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS.

Several other research firms have also weighed in on IDA. Wall Street Zen lowered IDACORP from a “hold” rating to a “sell” rating in a report on Sunday, February 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of IDACORP in a report on Thursday, January 22nd. Barclays raised their price objective on IDACORP from $144.00 to $149.00 and gave the company an “overweight” rating in a research note on Tuesday, February 24th. Wells Fargo & Company lowered IDACORP from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $129.00 to $118.00 in a report on Tuesday, January 20th. Finally, Jefferies Financial Group decreased their target price on IDACORP from $152.00 to $150.00 and set a “buy” rating for the company in a research report on Wednesday, January 28th. Seven research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $143.00.

IDACORP Trading Up 0.4%

Shares of NYSE:IDA opened at $141.07 on Friday. 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 stock has a market capitalization of $7.74 billion, a PE ratio of 23.91, a P/E/G ratio of 2.73 and a beta of 0.58. IDACORP has a 1 year low of $108.15 and a 1 year high of $145.94. The firm has a fifty day moving average price of $136.49 and a 200 day moving average price of $131.56.

IDACORP Announces Dividend

The firm also recently announced 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 of this dividend was Thursday, February 5th. This represents a $3.52 dividend on an annualized basis and a yield of 2.5%. IDACORP’s dividend payout ratio (DPR) 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 that occurred on Monday, February 23rd. The stock was sold at an average price of $142.79, for a total value of $142,790.00. Following the transaction, the vice president directly owned 2,313 shares of the company’s stock, valued at $330,273.27. The trade was a 30.18% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.46% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On IDACORP

Hedge funds and other institutional investors have recently modified their holdings of the stock. Torren Management LLC bought a new position in IDACORP during the fourth quarter worth $25,000. Caitong International Asset Management Co. Ltd boosted its holdings in 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 during the period. Quent Capital LLC acquired a new stake in IDACORP in the 3rd quarter worth $30,000. Measured Wealth Private Client Group LLC acquired a new stake in IDACORP in the 3rd quarter worth $34,000. Finally, Los Angeles Capital Management LLC bought a new position in shares of IDACORP during the 4th quarter worth about $35,000. Institutional investors and hedge funds own 89.10% of the company’s stock.

More IDACORP News

Here are the key news stories impacting IDACORP this week:

• Positive Sentiment: Zacks raised FY2027 and FY2028 EPS forecasts (FY2027 to $6.96; FY2028 to $7.52), implying stronger multi-year earnings growth vs. the current consensus of $5.81 — a bullish signal for forward valuation and dividend coverage. MarketBeat: IDACORP Zacks Revisions
• Positive Sentiment: Zacks increased several quarterly estimates that underpin the raised multi-year outlook — notable bumps include Q3 2026 (to $2.56 from $2.43), Q3 2027 (to $2.55 from $2.44) and Q2 2027 (to $2.14 from $2.12) — supporting better operating performance in the back half of fiscal years. MarketBeat: IDACORP Zacks Revisions
• Neutral Sentiment: Zacks published a full set of quarterly and multi-year projections (covering Q1–Q4 2026, Q1–Q4 2027, FY2027–FY2028) that provide more explicit forward guidance from an independent research house — useful for modeling but not a company-issued guidance change. MarketBeat: IDACORP Zacks Revisions
• Negative Sentiment: Zacks trimmed near-term quarterly forecasts: Q1 2027 cut sharply (to $1.17 from $1.36) and modest reductions to Q1 2026 (1.15 from 1.20), Q2 2026 (1.90 from 1.93) and Q4 2026 (0.82 from 0.87) — these lower near-term EPS calls could weigh on sentiment and short-term stock performance. MarketBeat: IDACORP Zacks Revisions

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.