Idacorp Inc reports results for the quarter ended in December - Earnings Summary

IDACORP

15/02/2024 22:13

* Idacorp Inc  IDA.N  reported quarterly adjusted earnings
of 61
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of 83
cents.  The mean expectation of six analysts for the quarter was
for earnings of 60 cents per share. Wall Street expected
results to range from 56 cents to 68 cents per share.
    * Revenue fell 2.6% to $411.95 million from a year ago;
analysts
expected $262.14 million. 
    * Idacorp Inc's reported EPS for the quarter was 61 cents​.
    * The company reported quarterly net income of $31.26
million.
    * Idacorp Inc shares had fallen by 11.5% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6.2%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the electric
utilities
peer group is also "buy"

Wall Street's median 12-month price target for Idacorp Inc is
$99.00 
This summary was machine generated from LSEG data February 15 at
10:13 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.60           0.61           Beat
 Sep. 30 2023      1.98           2.07           Beat
 Jun. 30 2023      1.24           1.35           Beat
 Mar. 31 2023      0.92           1.11           Beat