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

IDACORP

02/08/2024 21:05

* Idacorp Inc  IDA.N  reported quarterly adjusted earnings
of
$1.71​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of $1.35. 
The mean expectation of six analysts for the quarter was
for earnings of $1.37 per share. Wall Street expected results to
range from $1.33  to $1.44 per share.
    * Revenue rose 9% to $451.04 million from a year ago;
analysts
expected $440.15 million. 
    * Idacorp Inc's reported EPS for the quarter was $1.71​.
    * The company reported quarterly net income of $89.52
million.
    * Idacorp Inc shares had risen by 9.8% this quarter and
gained 4.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.4%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
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
$98.50 
This summary was machine generated from LSEG data August 2 at
08:05 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
 Jun. 30 2024      1.37           1.71           Beat
 Mar. 31 2024      1.15           0.95           Missed
 Dec. 31 2023      0.60           0.61           Beat
 Sep. 30 2023      1.98           2.07           Beat