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

IDACORP

02/11/2023 20:20

* Idacorp Inc  IDA.N  reported quarterly adjusted earnings
of
$2.07​​ per share for the quarter ended in September, lower than
the same quarter last year, when the company reported EPS of
$2.10.  The mean expectation of five analysts for the quarter
was for earnings of $1.98 per share. Wall Street expected
results to range from $1.92  to $2.09 per share.
    * Revenue fell 1.4% to $510.91 million from a year ago;
analysts
expected $520.47 million. 
    * Idacorp Inc's reported EPS for the quarter was $2.07​.
    * The company reported quarterly net income of $105.26
million.
    * Idacorp Inc shares had risen by 3.1% this quarter and
lost 10.5%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.6%
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 3 "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
$108.00 
This summary was machine generated from LSEG data November 2 at
08:19 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      1.98           2.07           Beat
 Jun. 30 2023      1.24           1.35           Beat
 Mar. 31 2023      0.92           1.11           Beat
 Dec. 31 2022      0.82           0.83           Beat