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

IDACORP

02/05/2024 14:52

* Idacorp Inc  IDA.N  reported quarterly adjusted earnings
of 95
cents​​ per share for the quarter ended in March, lower than the
same quarter last year, when the company reported EPS of $1.11. 
The mean expectation of five analysts for the quarter was
for earnings of $1.16 per share. Wall Street expected results to
range from $1.14  to $1.18 per share.
    * Revenue rose 4.5% to $448.94 million from a year ago;
analysts
expected $393.96 million. 
    * Idacorp Inc's reported EPS for the quarter was 95 cents​.
    * The company reported quarterly net income of $48.17
million.
    * Idacorp Inc shares had risen by 3.3% this quarter and
lost 2.4%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 27.9%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 4
"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
$94.00 
This summary was machine generated from LSEG data May 2 at 01:52
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
 Mar. 31 2024      1.16           0.95           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