What is Zacks Research’s Forecast for IDACORP Q3 Earnings?

IDACORP, Inc. (NYSE:IDA) – Research analysts at Zacks Research reduced their Q3 2026 earnings per share estimates for IDACORP in a report released on Thursday, May 21st. Zacks Research analyst Team now anticipates that the energy company will earn $2.54 per share for the quarter, down from their previous forecast of $2.59. The consensus estimate for IDACORP’s current full-year earnings is $6.38 per share. Zacks Research also issued estimates for IDACORP’s Q1 2027 earnings at $1.27 EPS, Q2 2027 earnings at $1.92 EPS, Q3 2027 earnings at $2.68 EPS, Q4 2027 earnings at $1.04 EPS and FY2027 earnings at $6.91 EPS.

IDACORP (NYSE:IDA) last released its earnings results on Thursday, April 30th. The energy company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.09. The firm had revenue of $403.41 million during the quarter, compared to analyst estimates of $437.51 million. IDACORP had a net margin of 18.60% and a return on equity of 9.40%. During the same quarter in the previous year, the firm earned $1.10 earnings per share. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS.

Several other brokerages also recently issued reports on IDA. BTIG Research reissued a “buy” rating and set a $156.00 price target on shares of IDACORP in a report on Friday, January 30th. Wells Fargo & Company restated an “underweight” rating and issued a $121.00 target price on shares of IDACORP in a research report on Tuesday, April 21st. Jefferies Financial Group reduced their price target on IDACORP from $152.00 to $150.00 and set a “buy” rating for the company in a research report on Wednesday, January 28th. UBS Group raised their price target on IDACORP from $134.00 to $142.00 and gave the company a “neutral” rating in a report on Friday, February 20th. Finally, Morgan Stanley set a $147.00 target price on shares of IDACORP in a research report on Thursday, May 21st. Six research 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’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $148.57.

IDACORP Trading Up 0.5%

NYSE:IDA opened at $142.76 on Wednesday. The firm has a market capitalization of $7.91 billion, a P/E ratio of 23.75, a P/E/G ratio of 2.84 and a beta of 0.52. The business has a 50 day simple moving average of $143.42 and a 200 day simple moving average of $136.43. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.21 and a quick ratio of 0.95. IDACORP has a 12-month low of $111.12 and a 12-month high of $149.73.

Hedge Funds Weigh In On IDACORP

Several institutional investors and hedge funds have recently bought and sold shares of IDA. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in IDACORP by 79.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,940 shares of the energy company’s stock valued at $690,000 after purchasing an additional 2,625 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of IDACORP by 6.8% in the first quarter. Goldman Sachs Group Inc. now owns 342,496 shares of the energy company’s stock worth $39,805,000 after acquiring an additional 21,890 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of IDACORP by 8.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 143,677 shares of the energy company’s stock worth $16,698,000 after acquiring an additional 10,855 shares in the last quarter. American Century Companies Inc. boosted its position in IDACORP by 12.6% during the second quarter. American Century Companies Inc. now owns 18,035 shares of the energy company’s stock valued at $2,082,000 after purchasing an additional 2,016 shares during the last quarter. Finally, Invesco Ltd. grew its stake in IDACORP by 5.7% in the second quarter. Invesco Ltd. now owns 247,190 shares of the energy company’s stock valued at $28,538,000 after purchasing an additional 13,297 shares in the last quarter. Hedge funds and other institutional investors own 89.10% of the company’s stock.

IDACORP Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Tuesday, May 5th will be issued a $0.88 dividend. The ex-dividend date is Tuesday, May 5th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.5%. IDACORP’s dividend payout ratio is presently 58.57%.

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.