FY2026 EPS Estimates for IDACORP Reduced by Zacks Research

IDACORP, Inc. (NYSE:IDA) – Zacks Research decreased their FY2026 earnings per share (EPS) estimates for IDACORP in a report released on Thursday, August 20th. Zacks Research analyst Team now forecasts that the energy company will earn $6.40 per share for the year, down from their previous forecast of $6.43. The consensus estimate for IDACORP’s current full-year earnings is $6.39 per share. Zacks Research also issued estimates for IDACORP’s Q4 2026 earnings at $0.85 EPS, Q2 2027 earnings at $2.04 EPS, Q3 2027 earnings at $2.79 EPS, Q4 2027 earnings at $1.19 EPS, FY2027 earnings at $6.93 EPS, Q1 2028 earnings at $1.16 EPS, Q2 2028 earnings at $2.03 EPS and FY2028 earnings at $7.66 EPS.

IDA has been the subject of several other reports. Barclays cut their price objective on IDACORP from $167.00 to $162.00 and set an “overweight” rating for the company in a research report on Monday, August 3rd. Wall Street Zen raised IDACORP from a “sell” rating to a “hold” rating in a research report on Sunday, August 2nd. BTIG Research reaffirmed a “buy” rating and set a $160.00 price objective on shares of IDACORP in a research note on Thursday, July 23rd. Morgan Stanley reiterated an “overweight” rating and set a $156.00 price objective on shares of IDACORP in a research report on Wednesday, July 22nd. Finally, Wells Fargo & Company lifted their price target on shares of IDACORP from $154.00 to $155.00 and gave the stock an “equal weight” rating in a report on Friday, July 31st. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, IDACORP presently has an average rating of “Moderate Buy” and an average price target of $154.57.

IDACORP Price Performance

Shares of NYSE IDA opened at $140.27 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.75 and a debt-to-equity ratio of 0.97. The company’s 50-day moving average price is $146.15 and its 200 day moving average price is $143.42. IDACORP has a 52 week low of $122.30 and a 52 week high of $154.91. The stock has a market cap of $8.11 billion, a price-to-earnings ratio of 23.22, a PEG ratio of 2.42 and a beta of 0.48.

IDACORP (NYSE:IDA) last announced its quarterly earnings data on Thursday, July 30th. The energy company reported $1.79 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.01. IDACORP had a return on equity of 9.34% and a net margin of 18.78%.The company had revenue of $469.80 million for the quarter, compared to analyst estimates of $511.87 million. During the same quarter in the previous year, the company earned $1.76 EPS. IDACORP has set its FY 2026 guidance at 6.300-6.450 EPS.

Institutional Investors Weigh In On IDACORP

Institutional investors have recently modified their holdings of the stock. Teza Capital Management LLC acquired a new stake in shares of IDACORP during the 2nd quarter valued at approximately $399,000. Susquehanna Fundamental Investments LLC acquired a new stake in IDACORP during the second quarter worth about $444,000. Benjamin Edwards Inc. lifted its holdings in IDACORP by 3.0% in the second quarter. Benjamin Edwards Inc. now owns 28,215 shares of the energy company’s stock worth $4,269,000 after acquiring an additional 834 shares during the last quarter. Wedbush Securities Inc. boosted its stake in IDACORP by 19.1% in the second quarter. Wedbush Securities Inc. now owns 1,930 shares of the energy company’s stock valued at $292,000 after acquiring an additional 310 shares during the period. Finally, Van ECK Associates Corp raised its position in shares of IDACORP by 7.8% during the 2nd quarter. Van ECK Associates Corp now owns 23,590 shares of the energy company’s stock worth $3,569,000 after purchasing an additional 1,702 shares during the period. Institutional investors and hedge funds own 89.10% of the company’s stock.

Insiders Place Their Bets

In related news, VP James Bo D. Hanchey sold 1,500 shares of IDACORP stock in a transaction on Friday, May 29th. The shares were sold at an average price of $140.95, for a total transaction of $211,425.00. Following the sale, the vice president owned 2,138 shares of the company’s stock, valued at $301,351.10. The trade was a 41.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.33% of the company’s stock.

IDACORP Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Wednesday, August 5th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Wednesday, August 5th. IDACORP’s dividend payout ratio (DPR) is presently 58.28%.

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.