Idacorp Inc reports results for the quarter ended September 30 - Earnings Summary

• Idacorp Inc IDA.N reported quarterly adjusted earnings of $2.26​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $2.12. The mean expectation of seven analysts for the quarter was for earnings of $2.26 per share. Wall Street expected results to range from $2.15 to $2.31 per share.

• Revenue fell 0.8% to $524.42 million from a year ago; analysts expected $661.36 million.

• Idacorp Inc's reported EPS for the quarter was $2.26​.

• The company reported quarterly net income of $124.44 million.

• Idacorp Inc shares had risen by 1.2% this quarter and gained 22.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.3% 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 5 "strong buy" or "buy," 3 "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 $140.50, about 4.8% above its last closing price of $133.80

This summary was machine generated from LSEG data October 30 at 01:32 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)