IDACORP's Third-Quarter Earnings Lag Estimates, Revenues Beat

Zacks10-31

IDACORP, Inc. IDA reported third-quarter 2024 earnings of $2.12 per share, which missed the Zacks Consensus Estimate of $2.17 by 2.3%. The company reported earnings of $2.07 per share in the year-ago ...

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The company reported earnings of $2.07 per share in the year-ago ...</p>\n\n<a href=\"https://finance.yahoo.com/news/idacorps-third-quarter-earnings-lag-131300865.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>IDACORP's Third-Quarter Earnings Lag Estimates, Revenues Beat</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIDACORP's Third-Quarter Earnings Lag Estimates, Revenues Beat\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-31 21:13 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/idacorps-third-quarter-earnings-lag-131300865.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>IDACORP, Inc. IDA reported third-quarter 2024 earnings of $2.12 per share, which missed the Zacks Consensus Estimate of $2.17 by 2.3%. The company reported earnings of $2.07 per share in the year-ago ...</p>\n\n<a href=\"https://finance.yahoo.com/news/idacorps-third-quarter-earnings-lag-131300865.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IDA","symbol_name":"IDACORP Inc","start_time":0,"source_url":"https://finance.yahoo.com/news/idacorps-third-quarter-earnings-lag-131300865.html","article_id":"2479039581","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/6UC_zxo5q3mEjFVeWeisZw--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/81e0685342c7924c1d7d4f61c248c2e1"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2479039581","pubTimestamp":1730380380,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"IDACORP, Inc. IDA reported third-quarter 2024 earnings of $2.12 per share, which missed the Zacks Consensus Estimate of $2.17 by 2.3%. The company reported earnings of $2.07 per share in the year-ago quarter.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Total revenues were $528.5 million, which outpaced the Zacks Consensus Estimate of $524 million by 0.8%. The top line increased 3.3% from the year-ago quarter’s $511 million.Pinnacle West Capital Corporation PNW is scheduled to report third-quarter results on Nov. 6, before market open. The Zacks Consensus Estimate for earnings is pegged at $3.33 per share.PNW’s long-term  earnings growth rate is 8.22%. The Zacks Consensus Estimate for 2024 earnings is pinned at $4.88 per share, which implies a year-over-year improvement of 10.7%.Evergy EVRG is scheduled to report third-quarter results on Nov. 7, before market open. The Zacks Consensus Estimate for earnings is pegged at $1.95 per share, which suggests a year-o","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"IDA":"IDACORP Inc"},"translate_title":"IDACORP第三季度盈利滞后预期，收入超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IDA":1},"content_text":"IDACORP, Inc. IDA reported third-quarter 2024 earnings of $2.12 per share, which missed the Zacks Consensus Estimate of $2.17 by 2.3%. The company reported earnings of $2.07 per share in the year-ago quarter.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.\nTotal Revenues\nTotal revenues were $528.5 million, which outpaced the Zacks Consensus Estimate of $524 million by 0.8%. The top line increased 3.3% from the year-ago quarter’s $511 million.\n \n\nIDACORP, Inc. Price, Consensus and EPS Surprise\n  \nIDACORP, Inc. price-consensus-eps-surprise-chart | IDACORP, Inc. Quote\n\nHighlights of the Release\nCustomer growth in the company’s service areas increased 2.6% year over year for the 12 months ended on Sept. 30, 2024. This, in turn, boosted operating income by $7.4 million compared to the year-ago level.Total operating expenses were $394.8 million, up from $384.6 million recorded in the third quarter of 2023. This uptick was due to higher fuel expenses, an increase in other operation and maintenance expenses, and a higher power cost adjustment.IDACORP's operating income increased 5.9% year over year to $133.7 million in the reported quarter.\nFinancial Highlights\nAs of Sept. 30, 2024, cash and cash equivalents were $428 million compared with $327.4 million as of Dec. 31, 2023.As of Sept. 30, 2024, long-term debt was $3.05 billion compared with $2.78 billion as of Dec. 31, 2023.In the first nine months of 2024, net cash provided by operating activities was $458 million compared with $162 million in the year-ago period.\nGuidance\nIDACORP increased the lower end of its 2024 earnings guidance. It now guides earnings per share in the range of $5.35-$5.45 compared with $5.30-$5.45 expected previously. The Zacks Consensus Estimate is currently pegged at $5.39 per share, lower than the midpoint of the new guided range.It projects capital expenditures to be in the range of $925-$975 million.Management expects to add more hydropower in 2024 than previously expected. IDA now expects to add 7.0-8.0 MWh in 2024, up from the prior expected range of 7.0-7.5 MWh.\nZacks Rank\nCurrently, IDACORP has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.\nUpcoming Releases\nPinnacle West Capital Corporation PNW is scheduled to report third-quarter results on Nov. 6, before market open. The Zacks Consensus Estimate for earnings is pegged at $3.33 per share.PNW’s long-term (three to five years) earnings growth rate is 8.22%. The Zacks Consensus Estimate for 2024 earnings is pinned at $4.88 per share, which implies a year-over-year improvement of 10.7%.Evergy EVRG is scheduled to report third-quarter results on Nov. 7, before market open. The Zacks Consensus Estimate for earnings is pegged at $1.95 per share, which suggests a year-over-year increase of 3.7%.EVRG’s long-term earnings growth rate is 5.85%. The Zacks Consensus Estimate for 2024 earnings is pinned at $3.84 per share, which implies a year-over-year improvement of 8.5%.NRG Energy NRG is scheduled to report third-quarter results on Nov. 8, before market open. The Zacks Consensus Estimate for earnings is pegged at $1.71 per share, which suggests a year-over-year increase of 5.6%.The Zacks Consensus Estimate for 2024 earnings is pinned at $6.09 per share, which implies a year-over-year improvement of 41%. It delivered an average earnings surprise of 7% in the trailing four quarters. \nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nNRG Energy, Inc. (NRG) : Free Stock Analysis Report\nPinnacle West Capital Corporation (PNW) : Free Stock Analysis Report\nIDACORP, Inc. (IDA) : Free Stock Analysis Report\nEvergy Inc. (EVRG) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2479039581"}