- IDACORP reported second-quarter earnings per share (EPS) of $1.76, which is slightly below analysts’ estimate of $1.78 but higher than last year’s EPS of $1.71.
- The company’s solid performance this quarter was largely due to unexpected higher customer usage and continued growth in the customer base.
- Adjustments in rate changes also contributed positively to the results.
- The expected use of tax credits under Idaho’s regulatory mechanism played a supportive role in this quarter’s financial outcome.
- Analysts have shown positive sentiment with 4 buy recommendations, 3 hold recommendations, and no sell recommendations.
Idacorp Inc on Smartkarma
Analyst Coverage of Idacorp Inc on Smartkarma
Analysts on Smartkarma, such as Baptista Research, have been closely following Idacorp Inc, the parent company of Idaho Power. In a recent report titled “IdaCorp Launches Mega Transmission Projects—Is This the Future of Western Energy?“, Baptista Research highlighted a mixed picture of operations in the first quarter of 2025. The company’s diluted earnings per share saw an increase to $1.10 from $0.95, driven by higher retail revenues, customer growth, and tax credit amortization.
In another report by Baptista Research titled “IDACORP Inc.: The Load Growth, Large Customer Projects & Other Major Drivers!“, analysts elaborated on the financial performance of Idacorp Inc for the year 2024. The company marked its 17th consecutive year of earnings growth, with diluted earnings per share rising to $5.50. Factors such as significant customer growth, robust economic conditions, and favorable weather were cited as key contributors to this positive trend in the company’s performance.
A look at Idacorp Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, IDACORP Inc. seems to have a positive long-term outlook. Its Dividend and Momentum scores are particularly strong, indicating that the company may offer attractive dividends and has good momentum in the market. Additionally, its Value, Growth, and Resilience scores are also solid, suggesting a well-rounded performance across different key factors.
IDACORP Inc., the holding company for Idaho Power Company and IDACORP Energy, operates as an electric utility and energy marketing company. Idaho Power serves areas in Idaho, Oregon, and Nevada by generating, transmitting, and distributing electric energy. With a mix of positive Smart Scores across its key factors, IDACORP Inc. appears to be positioned well for long-term growth and stability in its operations.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
