Idacorp Inc reports results for the quarter ended in January 1 - Earnings Summary

Reuters11-01

* Idacorp Inc reported quarterly adjusted earnings of $2.12​​ per share for the quarter ended January 1, higher than the same quarter last year, when the company reported EPS of $2.07. The mean expectation of seven analysts for the quarter was for earnings of $2.18 per share. Wall Street expected results to range from $2.12 to $2.29 per share.

* Revenue rose 3.4% to $528.53 million from a year ago; analysts expected $628.32 million.

* Idacorp Inc's reported EPS for the quarter was $2.12​.

* The company reported quarterly net income of $113.61 million.

* Idacorp Inc shares had fallen by 0.9% this quarter and gained 3.9% so far this year.

FORECAST CHANGES

* The mean earnings estimate of analysts had fallen by about 0.7% in the last three months.​

* In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 7 "hold" and no "sell" or "strong sell."

* The average consensus recommendation for the electric utilities peer group is also "hold"

Wall Street's median 12-month price target for Idacorp Inc is 111.00 This summary was machine generated from LSEG data November 1 at 03:32 a.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

Sep. 30 2024 2.18 2.12 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

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