All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus.
Cash flow can come from bond interest, interest from other types of investments, and, of course, dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yield, a metric that measures the dividend as a percent of the current stock price. Many academic studies show that dividends account for significant portions of long-term returns, with dividend contributions exceeding one-third of total returns in many cases.
Headquartered in Boise, IdaCorp (IDA - Free Report) is a Utilities stock that has seen a price change of 8.77% so far this year. Currently paying a dividend of $0.88 per share, the company has a dividend yield of 2.56%. In comparison, the Utility - Electric Power industry's yield is 3.18%, while the S&P 500's yield is 1.34%.
Looking at dividend growth, the company's current annualized dividend of $3.52 is up 1.7% from last year. Over the last 5 years, IdaCorp has increased its dividend 5 times on a year-over-year basis for an average annual increase of 5.14%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. IdaCorp's current payout ratio is 58%, meaning it paid out 58% of its trailing 12-month EPS as dividend.
IDA is expecting earnings to expand this fiscal year as well. The Zacks Consensus Estimate for 2026 is $6.38 per share, representing a year-over-year earnings growth rate of 8.14%.
Investors like dividends for a variety of different reasons, from tax advantages and decreasing overall portfolio risk to considerably improving stock investing profits. However, not all companies offer a quarterly payout.
For instance, it's a rare occurrence when a tech start-up or big growth business offers its shareholders a dividend. It's more common to see larger companies with more established profits give out dividends. Income investors must be conscious of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. With that in mind, IDA is a compelling investment opportunity. Not only is it a strong dividend play, but the stock currently sits at a Zacks Rank of #3 (Hold).
BlackRock Inc. acquired a new stake in IDACORP, Inc. (NYSE:IDA – Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 6,833,539 shares of the energy company’s stock, valued at approximately $1,033,914,000. BlackRock Inc. owned about 11.81% of IDACORP at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of IDA. Torren Management LLC purchased a new position in IDACORP in the fourth quarter worth approximately $25,000. Western Wealth Management LLC purchased a new stake in IDACORP in the first quarter valued at $29,000. Trust Co. of Vermont purchased a new stake in IDACORP in the second quarter valued at $30,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of IDACORP by 630.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 219 shares of the energy company’s stock valued at $29,000 after purchasing an additional 189 shares during the last quarter. Finally, Summit Securities Group LLC acquired a new position in shares of IDACORP in the 1st quarter valued at $37,000. 89.10% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at IDACORP In related news, VP James Bo D. Hanchey sold 1,500 shares of the stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $140.95, for a total transaction of $211,425.00. Following the completion of the transaction, the vice president directly owned 2,138 shares of the company’s stock, valued at $301,351.10. This represents a 41.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.33% of the company’s stock.
Wall Street Analyst Weigh In A number of research analysts have commented on the stock. BTIG Research reaffirmed a “buy” rating and issued a $160.00 target price on shares of IDACORP in a research report on Thursday, July 23rd. Mizuho set a $157.00 price target on shares of IDACORP in a research report on Friday, May 1st. Wells Fargo & Company boosted their price target on shares of IDACORP from $154.00 to $155.00 and gave the company an “equal weight” rating in a research note on Friday, July 31st. Morgan Stanley decreased their price objective on shares of IDACORP from $156.00 to $151.00 and set an “overweight” rating on the stock in a report on Friday. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of IDACORP in a research report on Monday, August 3rd. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $153.86. Read Our Latest Report on IDA
Key IDACORP News Here are the key news stories impacting IDACORP this week:
Positive Sentiment: Zacks raised its IDACORP EPS forecasts for Q4 2026 to $0.85 from $0.81, Q2 2027 to $2.04 from $1.92, Q3 2027 to $2.79 from $2.68, FY2027 to $6.93 from $6.91, and FY2028 to $7.66 from $7.52. The upgrades suggest expectations for improving earnings growth beyond the current year. IDACORP Zacks Research earnings estimates Neutral Sentiment: Zacks’ FY2026 EPS forecast is now $6.40, down slightly from $6.43 but broadly in line with the current consensus estimate of $6.39. The revisions do not materially change the company’s near-term earnings outlook. IDACORP earnings forecast update Negative Sentiment: Zacks cut its Q1 2028 EPS estimate to $1.16 from $1.37 and its Q2 2028 estimate to $2.03 from $2.06. These reductions point to weaker expectations for portions of 2028 and may be contributing to the cautious market reaction despite the longer-term upgrades. IDACORP future EPS estimate reductions IDACORP Stock Down 1.9% IDACORP stock opened at $137.42 on Friday. IDACORP, Inc. has a fifty-two week low of $122.30 and a fifty-two week high of $154.91. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.75 and a current ratio of 0.99. The company has a market capitalization of $7.95 billion, a P/E ratio of 22.75, a PEG ratio of 2.42 and a beta of 0.48. The stock has a 50-day simple moving average of $146.04 and a 200-day simple moving average of $143.38.
IDACORP (NYSE:IDA – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The energy company reported $1.79 EPS for the quarter, beating the consensus estimate of $1.78 by $0.01. IDACORP had a return on equity of 9.34% and a net margin of 18.78%.The firm had revenue of $469.80 million during the quarter, compared to the consensus estimate of $511.87 million. During the same period in the prior year, the business earned $1.76 EPS. IDACORP has set its FY 2026 guidance at 6.300-6.450 EPS. Equities research analysts expect that IDACORP, Inc. will post 6.38 earnings per share for the current year.
IDACORP Announces Dividend The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Wednesday, August 5th will be given a dividend of $0.88 per share. The ex-dividend date is Wednesday, August 5th. This represents a $3.52 dividend on an annualized basis and a yield of 2.6%. IDACORP’s dividend payout ratio is presently 58.28%.
About IDACORP (Free Report)
IDACORP, Inc is a diversified energy holding company headquartered in Boise, Idaho, whose primary subsidiary, Idaho Power Company, operates as a regulated electric utility. Through Idaho Power, the company provides generation, transmission and distribution services to residential, commercial and industrial customers. The company’s service territory spans southern Idaho and eastern Oregon, where it serves over half a million customers with a mix of hydroelectric, natural gas, wind and solar generation assets.
Idaho Power’s generation portfolio is anchored by a network of hydroelectric facilities along the Snake River system, complemented by natural-gas-fired plants and growing investments in renewable resources.
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Bank of America Corp DE lessened its stake in shares of IDACORP, Inc. (NYSE:IDA – Free Report) by 5.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 340,389 shares of the energy company’s stock after selling 19,085 shares during the quarter. Bank of America Corp DE owned approximately 0.61% of IDACORP worth $48,665,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Morgan Stanley raised its stake in shares of IDACORP by 9.9% during the 4th quarter. Morgan Stanley now owns 2,103,940 shares of the energy company’s stock worth $266,275,000 after acquiring an additional 188,845 shares in the last quarter. State Street Corp boosted its stake in IDACORP by 0.6% in the fourth quarter. State Street Corp now owns 1,887,948 shares of the energy company’s stock valued at $238,939,000 after acquiring an additional 11,403 shares in the last quarter. Reaves W H & Co. Inc. grew its holdings in IDACORP by 6.3% in the fourth quarter. Reaves W H & Co. Inc. now owns 1,807,811 shares of the energy company’s stock worth $228,797,000 after purchasing an additional 107,131 shares during the last quarter. Jennison Associates LLC grew its holdings in IDACORP by 0.9% in the first quarter. Jennison Associates LLC now owns 1,497,342 shares of the energy company’s stock worth $214,075,000 after purchasing an additional 13,694 shares during the last quarter. Finally, Alliancebernstein L.P. increased its position in shares of IDACORP by 1.0% during the second quarter. Alliancebernstein L.P. now owns 1,404,847 shares of the energy company’s stock worth $162,190,000 after purchasing an additional 13,283 shares in the last quarter. 89.10% of the stock is currently owned by hedge funds and other institutional investors.
IDACORP Trading Up 1.0% Shares of NYSE:IDA opened at $141.58 on Thursday. The company has a current ratio of 0.99, a quick ratio of 0.75 and a debt-to-equity ratio of 0.97. IDACORP, Inc. has a 12-month low of $122.30 and a 12-month high of $154.91. The business has a 50 day moving average of $146.01 and a two-hundred day moving average of $143.05. The company has a market capitalization of $8.19 billion, a PE ratio of 23.44, a PEG ratio of 2.41 and a beta of 0.48.
IDACORP (NYSE:IDA – Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The energy company reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.01. The business had revenue of $469.80 million for the quarter, compared to analysts’ expectations of $511.87 million. IDACORP had a net margin of 18.78% and a return on equity of 9.34%. During the same quarter last year, the company earned $1.76 EPS. IDACORP has set its FY 2026 guidance at 6.300-6.450 EPS. As a group, analysts forecast that IDACORP, Inc. will post 6.39 EPS for the current year.
IDACORP Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Wednesday, August 5th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, August 5th. IDACORP’s dividend payout ratio (DPR) is presently 58.28%.
Insider Transactions at IDACORP In other news, VP James Bo D. Hanchey sold 1,500 shares of IDACORP stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $140.95, for a total value of $211,425.00. Following the sale, the vice president owned 2,138 shares in the company, valued at $301,351.10. This trade represents a 41.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.33% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades Several brokerages recently commented on IDA. BTIG Research reaffirmed a “buy” rating and issued a $160.00 price objective on shares of IDACORP in a research report on Thursday, July 23rd. Morgan Stanley reissued an “overweight” rating and set a $156.00 target price on shares of IDACORP in a research report on Wednesday, July 22nd. Barclays cut their price target on shares of IDACORP from $167.00 to $162.00 and set an “overweight” rating on the stock in a research note on Monday, August 3rd. Wall Street Zen raised shares of IDACORP from a “sell” rating to a “hold” rating in a report on Sunday, August 2nd. Finally, Wells Fargo & Company lifted their price objective on shares of IDACORP from $154.00 to $155.00 and gave the stock an “equal weight” rating in a research note on Friday, July 31st. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $154.57.
Get Our Latest Analysis on IDACORP
About IDACORP (Free Report)
IDACORP, Inc is a diversified energy holding company headquartered in Boise, Idaho, whose primary subsidiary, Idaho Power Company, operates as a regulated electric utility. Through Idaho Power, the company provides generation, transmission and distribution services to residential, commercial and industrial customers. The company’s service territory spans southern Idaho and eastern Oregon, where it serves over half a million customers with a mix of hydroelectric, natural gas, wind and solar generation assets.
Idaho Power’s generation portfolio is anchored by a network of hydroelectric facilities along the Snake River system, complemented by natural-gas-fired plants and growing investments in renewable resources.
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Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.
Cash flow can come from bond interest, interest from other types of investments, and, of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends account for significant portions of long-term returns, with dividend contributions exceeding one-third of total returns in many cases.
Based in Boise, IdaCorp (IDA - Free Report) is in the Utilities sector, and so far this year, shares have seen a price change of 12.07%. Currently paying a dividend of $0.88 per share, the company has a dividend yield of 2.48%. In comparison, the Utility - Electric Power industry's yield is 3.11%, while the S&P 500's yield is 1.31%.
Looking at dividend growth, the company's current annualized dividend of $3.52 is up 1.7% from last year. Over the last 5 years, IdaCorp has increased its dividend 5 times on a year-over-year basis for an average annual increase of 5.14%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. IdaCorp's current payout ratio is 58%, meaning it paid out 58% of its trailing 12-month EPS as dividend.
Looking at this fiscal year, IDA expects solid earnings growth. The Zacks Consensus Estimate for 2026 is $6.39 per share, representing a year-over-year earnings growth rate of 8.31%.
From greatly improving stock investing profits and reducing overall portfolio risk to providing tax advantages, investors like dividends for a variety of different reasons. However, not all companies offer a quarterly payout.
For instance, it's a rare occurrence when a tech start-up or big growth business offers its shareholders a dividend. It's more common to see larger companies with more established profits give out dividends. Income investors have to be mindful of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. That said, they can take comfort from the fact that IDA is not only an attractive dividend play, but also represents a compelling investment opportunity with a Zacks Rank of #2 (Buy).
California State Teachers Retirement System lifted its stake in shares of IDACORP, Inc. (NYSE:IDA – Free Report) by 32.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,794 shares of the energy company’s stock after acquiring an additional 16,536 shares during the period. California State Teachers Retirement System owned 0.12% of IDACORP worth $9,693,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the stock. Torren Management LLC acquired a new position in shares of IDACORP in the 4th quarter valued at $25,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of IDACORP by 630.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 219 shares of the energy company’s stock worth $29,000 after buying an additional 189 shares during the last quarter. Measured Wealth Private Client Group LLC purchased a new position in shares of IDACORP in the 3rd quarter worth $34,000. Los Angeles Capital Management LLC purchased a new position in shares of IDACORP in the 4th quarter worth $35,000. Finally, Smartleaf Asset Management LLC boosted its holdings in IDACORP by 62.0% in the second quarter. Smartleaf Asset Management LLC now owns 311 shares of the energy company’s stock valued at $36,000 after acquiring an additional 119 shares during the last quarter. 89.10% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In A number of analysts have recently issued reports on IDA shares. BTIG Research reiterated a “buy” rating and set a $160.00 target price on shares of IDACORP in a report on Thursday, July 23rd. Weiss Ratings upgraded shares of IDACORP from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 6th. Wells Fargo & Company lifted their price target on shares of IDACORP from $154.00 to $155.00 and gave the company an “equal weight” rating in a research report on Friday. Wall Street Zen upgraded shares of IDACORP from a “sell” rating to a “hold” rating in a research note on Sunday. Finally, Mizuho set a $157.00 price objective on shares of IDACORP in a research report on Friday, May 1st. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $154.57.
Check Out Our Latest Report on IDACORP
Insider Buying and Selling at IDACORP In other news, VP James Bo D. Hanchey sold 1,500 shares of the firm’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $140.95, for a total transaction of $211,425.00. Following the completion of the sale, the vice president directly owned 2,138 shares in the company, valued at $301,351.10. This trade represents a 41.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.33% of the stock is owned by corporate insiders.
IDACORP Stock Up 0.7% NYSE IDA opened at $143.91 on Tuesday. The stock has a market cap of $7.97 billion, a PE ratio of 23.83, a P/E/G ratio of 2.46 and a beta of 0.48. IDACORP, Inc. has a fifty-two week low of $122.30 and a fifty-two week high of $154.91. The business has a 50 day moving average price of $145.68 and a two-hundred day moving average price of $142.65. The company has a quick ratio of 0.75, a current ratio of 0.99 and a debt-to-equity ratio of 0.97.
IDACORP (NYSE:IDA – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The energy company reported $1.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.01. The company had revenue of $469.80 million for the quarter, compared to analyst estimates of $511.87 million. IDACORP had a net margin of 18.78% and a return on equity of 9.34%. During the same quarter last year, the firm posted $1.76 earnings per share. IDACORP has set its FY 2026 guidance at 6.300-6.450 EPS. As a group, sell-side analysts predict that IDACORP, Inc. will post 6.39 EPS for the current fiscal year.
IDACORP Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Wednesday, August 5th will be given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, August 5th. IDACORP’s dividend payout ratio is presently 58.28%.
IDACORP Profile (Free Report)
IDACORP, Inc is a diversified energy holding company headquartered in Boise, Idaho, whose primary subsidiary, Idaho Power Company, operates as a regulated electric utility. Through Idaho Power, the company provides generation, transmission and distribution services to residential, commercial and industrial customers. The company’s service territory spans southern Idaho and eastern Oregon, where it serves over half a million customers with a mix of hydroelectric, natural gas, wind and solar generation assets.
Idaho Power’s generation portfolio is anchored by a network of hydroelectric facilities along the Snake River system, complemented by natural-gas-fired plants and growing investments in renewable resources.
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How to Invest in Renewable EnergyIDACORP NYSE: IDA raised the lower end of its 2026 earnings guidance after reporting higher second-quarter profit, supported by January rate changes, customer growth and an early ramp in revenue from large industrial customers.
The utility holding company reported second-quarter diluted earnings per share of $1.79, compared with $1.76 a year earlier. First-half diluted EPS was $3.00, up from $2.87 in the prior-year period.
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Amy Shaw, IDACORP’s vice president of finance, compliance and risk, said the results reflected a sharp reduction in additional tax-credit amortization under Idaho’s regulatory mechanism. The company recorded no additional tax-credit amortization in the second quarter, compared with $17.2 million in the same period last year. For the first half, additional amortization totaled $6.3 million, compared with $36.5 million a year earlier.
IDACORP now expects full-year diluted EPS of $6.30 to $6.45, raising the low end of its prior range by $0.05. The outlook assumes historically normal weather for the remainder of 2026 and less than $15 million of additional tax-credit amortization for the year, down from prior guidance of less than $30 million.
Large Customers Drive Revenue Growth President and CEO Lisa Grow said IDACORP’s customer count rose 2.3% from the second quarter of 2025, with growth across customer segments. Industrial revenue, including large contracts, increased 17% year over year as large customers began contributing more meaningfully in June.
Grow pointed to projects including Micron’s expansion and Meta’s data center, along with other large customers such as Chobani and Idaho National Laboratory. She said the company expects its agreements with large customers to include take-or-pay provisions, termination payments, certain upfront payments and credit requirements designed to ensure that growth-related costs are not shifted to existing customers.
“Growth pays for growth” remains an important principle, Grow said, adding that Idaho Power’s average residential price is about 30% below the national average. Revenue from large-contract customers is also a key reason the company expects to avoid filing a general rate case in 2026, she said.
Chief Financial Officer Brian Buckham said rate increases and customer growth contributed a combined $32 million benefit to second-quarter results and more than $52 million year to date. Large-contract customers added $6.5 million to operating income during the quarter.
Only one month of revenue from Micron’s first fab was included in the period, Buckham said, while Meta’s ramp-up was still in its early stages. The company expects more benefit from those contracts in the second half of the year. Unlike residential load, large industrial demand is primarily tied to equipment installation and operations rather than weather-driven seasonal usage, he said.
Capacity, Transmission and Generation Projects Advance IDACORP said it placed 250 megawatts of company-owned battery storage into service during the quarter, its fourth consecutive year of adding batteries. Since 2023, the company has added more than 550 MW of company-owned battery capacity. It also converted Valmy Unit 2 from coal to natural gas and commissioned a 125-MW third-party solar project through its Clean Energy Your Way program.
Grow said battery storage is useful for filling gaps as solar generation declines in the evening, particularly in the summer, but is not a complete long-term capacity solution because the batteries provide about four hours of duration and have more limited winter applications.
The company continues to advance three major transmission projects:
Boardman-to-Hemingway: About 70% of 1,300 structure pads have been completed, more than 400 towers have been built, and wire stringing has begun. The project is expected to enter service in late 2027. Swift North Transmission Project: Construction has begun in Nevada following receipt of an Idaho certificate of public convenience and necessity. Completion is expected in 2028. Gateway West: IDACORP and PacifiCorp have filed a joint request for regulatory approval, with part of the segment potentially entering service as early as 2028. The company is also developing three gas-fueled generation projects to address near-term capacity deficits: the 167-MW Bennett Mountain project, targeted for 2028; the 222-MW South Hills project, planned for 2029; and the 430-MW Peregrine project, slated for 2030.
Adam Richins, executive vice president and chief operating officer, said the company expects a mix of solar and battery additions in 2027, followed by a greater emphasis on gas generation. IDACORP has also evaluated small modular reactor technology, he said, but considers current estimated pricing of more than $150 per MWh and uncertain commercial availability limiting factors.
Capital Plan and Regulatory Outlook IDACORP maintained 2026 capital expenditure guidance of $1.3 billion to $1.5 billion, though management said spending is trending toward the high end of that range. The forecast does not include potential resource additions from the company’s 2032 request for proposals, projects serving Micron’s second fab, or updates from annual capital budgeting work.
The company expects to release a final shortlist from its 2032 RFP in the third quarter and begin contract negotiations afterward. Richins said the original procurement requirement was a minimum of 200 MW of firm capacity, but the need could increase as load forecasts are updated. IDACORP submitted eight self-build projects into the process, including six gas projects and two storage projects.
Buckham said IDACORP executed about $260 million of additional forward-sale agreements through its at-the-market equity program during the quarter. Of approximately $2 billion in equity funding needs under its current five-year plan, the company has issued or sold forward about $1 billion, and it has the equity needed through 2027, he said.
Management said a June 2027 general rate case filing remains a possibility, depending on projected large-load revenue, depreciation, interest expense and capital projects entering service. The company is not currently pursuing a depreciation or interest tracker.
IDACORP also said the Idaho Commission found that its Hells Canyon relicensing expenditures from the start of 2016 through the end of 2025 were prudently incurred, making them eligible for inclusion in retail rates in a future regulatory proceeding.
About IDACORP (NYSE:IDA)IDACORP, Inc is a diversified energy holding company headquartered in Boise, Idaho, whose primary subsidiary, Idaho Power Company, operates as a regulated electric utility. Through Idaho Power, the company provides generation, transmission and distribution services to residential, commercial and industrial customers. The company's service territory spans southern Idaho and eastern Oregon, where it serves over half a million customers with a mix of hydroelectric, natural gas, wind and solar generation assets.
Idaho Power's generation portfolio is anchored by a network of hydroelectric facilities along the Snake River system, complemented by natural-gas-fired plants and growing investments in renewable resources.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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Key Takeaways IDACORP's Q2 earnings rose 1.7% to $1.79 per share, beating the consensus estimate by 2.3%.Revenues increased 4.2% to $469.8 million, while large contract customers lifted operating income.IDACORP raised 2026 earnings guidance to $6.30-$6.45 and targets up to $1.5 billion in capex. IDACORP, Inc. (IDA - Free Report) reported second-quarter 2026 earnings of $1.79 per share, which topped the Zacks Consensus Estimate of $1.75 by 2.3%. The company’s earnings also improved 1.7% from $1.76 in the year-ago quarter.
The year-over-year improvement was due to customer growth, rate changes and revenues from large contract customers.
IDA’s Total RevenuesTotal revenues in the second quarter of 2026 were $469.8 million, lagging the Zacks Consensus Estimate of $478 million by 1.8%. However, the metric rose 4.2% from $450.9 million in the year-ago quarter.
IDACORP Gains From Large Contract CustomersRetail revenues from large contract customers, net of associated power supply costs and the Idaho Power cost adjustment mechanism, increased operating income by $6.5 million.
The gain reflected higher usage per large contract customer, the increase in Idaho base rates and the addition of a new large contract that became effective June 1, 2026. Management highlighted these customers as an important source of revenues to help fund the company’s substantial infrastructure development.
IDACORP also brought 250 megawatts of battery capacity online in June. The company continued construction work on major transmission and generation projects during the first half of 2026.
Highlights of IDA’s Q2 ReleaseIDACORP’s customer volume increased 2.3% year over year for the 12 months ended on March 31, 2026. This boosted operating income by $4.5 million from the year-ago level.
Other operations and maintenance (O&M) expenses were $11.7 million, higher than the year-earlier level. The rise mainly reflected the recognition of previously deferred costs tied to converting generating units at the Jim Bridger plant from coal to natural gas.
IDACORP's net income increased $6.8 million from the prior-year level due to higher net income at Idaho Power.
IDA’s Financial HighlightsAs of June 30, 2026, cash and cash equivalents were $83.6 million compared with $215.7 million as of Dec. 31, 2025.
The long-term debt was $3.68 billion as of June 30, 2026 compared with $3.33 billion as of Dec. 31, 2025.
In the first six months of 2026, net cash provided by operating activities was $179 million compared with $301.2 million in the prior-year period.
IDA’s 2026 GuidanceIDACORP raised the lower end of its 2026 earnings guidance to $6.30-$6.45 per share from the previous range of $6.25-$6.45. The Zacks Consensus Estimate for earnings is pegged at $6.39, which is higher than the midpoint of the company’s guided range.
IDA projects a capital expenditure of $1.3-$1.5 billion for 2026. The company’s O&M expenses forecast remains $525-$535 million.
Management narrowed its hydropower generation outlook to 5.5-6.5 million megawatt-hours from 5.5-7 million.
IDA’s Zacks RankIDACORP currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Recent ReleasesEntergy Corporation (ETR - Free Report) reported second-quarter 2026 earnings of $1.03 per share, which beat the Zacks Consensus Estimate of 94 cents by 9.6%. However, the bottom line decreased 1.9% from the year-ago quarter’s figure of $1.05.
Revenues rose 5.9% year over year to $3.52 billion but missed the consensus mark of $3.53 billion by 0.08%.
PG&E Corporation (PCG - Free Report) reported second-quarter 2026 adjusted earnings per share of 40 cents, which beat the Zacks Consensus Estimate of 37 cents by 8.1%. The bottom line also increased 29% from the year-ago quarter’s figure of 31 cents.
PCG reported second-quarter total revenues of $5.902 billion, up 0.1% from $5.898 billion registered in the year-ago period. However, the top line missed the Zacks Consensus Estimate of $6.31 billion by 6.4%.
CMS Energy Corporation (CMS - Free Report) reported second-quarter 2026 adjusted earnings per share of 37 cents per share, which came in line with the Zacks Consensus Estimate. However, the bottom line declined 47.9% from 71 cents in the year-ago quarter.
Operating revenues totaled $1.83 billion, which missed the Zacks Consensus Estimate of $1.91 billion by 4.2%. The top line also fell 0.5% from $1.84 billion in the prior-year quarter.
IdaCorp (IDA - Free Report) came out with quarterly earnings of $1.79 per share, beating the Zacks Consensus Estimate of $1.75 per share. This compares to earnings of $1.76 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +2.29%. A quarter ago, it was expected that this utility company would post earnings of $1.12 per share when it actually produced earnings of $1.21, delivering a surprise of +8.04%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
IdaCorp, which belongs to the Zacks Utility - Electric Power industry, posted revenues of $469.8 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 1.8%. This compares to year-ago revenues of $450.88 million. The company has not been able to beat consensus revenue estimates over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
IdaCorp shares have added about 14.1% since the beginning of the year versus the S&P 500's gain of 6.9%.
What's Next for IdaCorp?While IdaCorp has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for IdaCorp was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $2.55 on $569.55 million in revenues for the coming quarter and $6.39 on $1.88 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Utility - Electric Power is currently in the bottom 34% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
PPL (PPL - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on August 7.
This energy and utility holding company is expected to post quarterly earnings of $0.35 per share in its upcoming report, which represents a year-over-year change of +9.4%. The consensus EPS estimate for the quarter has been revised 0.8% lower over the last 30 days to the current level.
PPL's revenues are expected to be $2.18 billion, up 7.5% from the year-ago quarter.
BOISE, Idaho--(BUSINESS WIRE)--IDACORP, Inc. (NYSE: IDA) reported second quarter 2026 net income attributable to IDACORP of $102.6 million, or $1.79 per diluted share, compared with $95.8 million, or $1.76 per diluted share, in the second quarter of 2025. "Continued customer growth along with rate changes and revenues from large contract customers led to strong second quarter results even without recording any additional tax credits for the second quarter under the company's Idaho regulatory me.
Investors interested in Utilities stocks should always be looking to find the best-performing companies in the group. IdaCorp (IDA - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Utilities sector should help us answer this question.
IdaCorp is one of 111 companies in the Utilities group. The Utilities group currently sits at #15 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. IdaCorp is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for IDA's full-year earnings has moved 0% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that IDA has returned about 17% since the start of the calendar year. In comparison, Utilities companies have returned an average of 7.2%. As we can see, IdaCorp is performing better than its sector in the calendar year.
Another Utilities stock, which has outperformed the sector so far this year, is OGE Energy (OGE - Free Report) . The stock has returned 15.4% year-to-date.
The consensus estimate for OGE Energy's current year EPS has increased 0.1% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, IdaCorp is a member of the Utility - Electric Power industry, which includes 63 individual companies and currently sits at #169 in the Zacks Industry Rank. Stocks in this group have gained about 8.8% so far this year, so IDA is performing better this group in terms of year-to-date returns. OGE Energy is also part of the same industry.
IdaCorp and OGE Energy could continue their solid performance, so investors interested in Utilities stocks should continue to pay close attention to these stocks.
Key Takeaways IDA's 2026 and 2027 EPS estimates imply growth of 8.31% and 8.57%, respectively. IDACORP plans to invest nearly $7.1 billion from 2026 to 2030 to expand its regulated rate base. IDA offers a 2.36% dividend yield and has raised its quarterly dividend consistently since 2011. IDACORP, Inc. (IDA - Free Report) benefits from steady customer and large-load growth, supportive rate mechanisms and timely cost recovery, strengthening earnings visibility. Its disciplined investments strengthen grid reliability, renewable integration and transmission expansion, supporting long-term regulated growth.
Let’s focus on the factors that make this Zacks Rank #2 (Buy) stock a strong investment pick at the moment.
Projections for IDA & Surprise History The Zacks Consensus Estimate for IDA’s 2026 and 2027 EPS is pinned at $6.39 and $6.94, indicating year-over-year growth of 8.31% and 8.57%, respectively.
IDA’s long-term (three to five years) earnings growth rate is 7.85%.
The Zacks Consensus Estimate for IDA’s 2026 and 2027 sales is pegged at $1.88 billion and $2.14 billion, indicating year-over-year growth of 3.52% and 14.05%, respectively.
IDACORP surpassed the Zacks Consensus Estimate in three of the trailing four quarters and met once, delivering an average positive earnings surprise of 3.70%.
IDA’s Stable Investments The company’s systematic capital investment plans support infrastructure development and grid modernization. These investments enhance service reliability, strengthen the electric system and support long-term customer growth and regulated earnings.
IDACORP plans to invest $1.3-$1.5 billion during 2026 and nearly $7.1 billion from 2026-2030, averaging about $1.416 billion per year. These regulated investments should expand the company's rate base, supporting future revenues and earnings growth through regulatory cost recovery. The emphasis on transmission, distribution and new generation also positions the company to maintain reliable service while meeting increasing electricity demand.
IDA’s Capital Return Program IDA has consistently increased shareholders' value through dividend payments, reflecting stable earnings and strong cash flow. The company has consistently increased its quarterly dividend since 2011, highlighting its commitment to delivering growing shareholder returns.
IDACORP has a dividend yield of 2.36% versus the Zacks S&P 500 composite’s average of 1.33%. Currently, the company’s quarterly dividend is 88 cents per share. This represents an annualized dividend of $3.52 per share.
IDA’s Debt Position The debt-to-capital ratio measures a company's reliance on debt financing and provides insight into its leverage and long-term financial stability. IDA’s total debt-to-capital ratio is 50.98%, which is lower than the industry’s 60.71%, reflecting stronger financial stability and lower leverage risk.
IDA’s time earned ratio (TIE) at the end of the first quarter of 2026 was 2.5. The TIE ratio evaluates how effectively a company meets interest obligations using operating earnings, providing insight into its financial stability and solvency. IDA’s current TIE indicates that the company will be able to meet its interest obligations easily.
Price Performance of IDAIn the past six months, IDACORP shares have rallied 13.4% compared with the industry’s 6.4% growth.
Image Source: Zacks Investment Research
Other Stocks to Consider Some other top-ranked stocks from the same Industry are Ameren (AEE - Free Report) , Evergy (EVRG - Free Report) and Exelon (EXC - Free Report) . All the stocks carry a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
AEE, EVRG and EXC have dividend yields of 2.65%, 3.21% and 3.55%, respectively, which are better than the Zacks S&P 500 Composite’s yield of 1.33%.
The Zacks Consensus Estimate for Ameren, Evergy and Exelon’s 2026 EPS are pegged at $5.38, $4.25 and $2.86 suggesting year-over-year growth of 6.96%, 10.97% and 3.25%, respectively.
Wall Street expects a year-over-year increase in earnings on higher revenues when IdaCorp (IDA - Free Report) reports results for the quarter ended June 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on July 30, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis utility company is expected to post quarterly earnings of $1.79 per share in its upcoming report, which represents a year-over-year change of +1.7%.
Revenues are expected to be $478.43 million, up 6.1% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.59% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for IdaCorp?For IdaCorp, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -4.76%.
On the other hand, the stock currently carries a Zacks Rank of #2.
So, this combination makes it difficult to conclusively predict that IdaCorp will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that IdaCorp would post earnings of $1.12 per share when it actually produced earnings of $1.21, delivering a surprise of +8.04%.
Over the last four quarters, the company has beaten consensus EPS estimates three times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
IdaCorp doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Allspring Global Investments Holdings LLC lifted its position in IDACORP, Inc. (NYSE:IDA – Free Report) by 4,427.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 77,378 shares of the energy company’s stock after purchasing an additional 75,669 shares during the period. Allspring Global Investments Holdings LLC owned about 0.14% of IDACORP worth $11,128,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in IDACORP by 79.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,940 shares of the energy company’s stock valued at $690,000 after acquiring an additional 2,625 shares during the period. Goldman Sachs Group Inc. grew its position in shares of IDACORP by 6.8% during the first quarter. Goldman Sachs Group Inc. now owns 342,496 shares of the energy company’s stock worth $39,805,000 after purchasing an additional 21,890 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of IDACORP by 8.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 143,677 shares of the energy company’s stock worth $16,698,000 after purchasing an additional 10,855 shares in the last quarter. American Century Companies Inc. raised its stake in IDACORP by 12.6% during the 2nd quarter. American Century Companies Inc. now owns 18,035 shares of the energy company’s stock valued at $2,082,000 after purchasing an additional 2,016 shares during the period. Finally, Invesco Ltd. raised its stake in IDACORP by 5.7% during the 2nd quarter. Invesco Ltd. now owns 247,190 shares of the energy company’s stock valued at $28,538,000 after purchasing an additional 13,297 shares during the period. 89.10% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets A number of research analysts recently commented on IDA shares. Mizuho set a $157.00 price target on IDACORP in a report on Friday, May 1st. Wells Fargo & Company upgraded shares of IDACORP from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $121.00 to $154.00 in a research report on Tuesday. Morgan Stanley reissued an “overweight” rating and issued a $156.00 target price on shares of IDACORP in a report on Wednesday. Wall Street Zen upgraded shares of IDACORP from a “strong sell” rating to a “sell” rating in a research report on Tuesday, May 12th. Finally, Barclays raised their target price on shares of IDACORP from $159.00 to $167.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $154.57.
Check Out Our Latest Research Report on IDACORP
IDACORP Price Performance Shares of IDACORP stock opened at $148.81 on Thursday. The firm has a market cap of $8.25 billion, a PE ratio of 24.76, a PEG ratio of 2.91 and a beta of 0.48. The stock has a 50 day moving average of $144.95 and a 200 day moving average of $141.62. The company has a current ratio of 1.21, a quick ratio of 0.95 and a debt-to-equity ratio of 1.01. IDACORP, Inc. has a 12 month low of $120.52 and a 12 month high of $154.91.
IDACORP (NYSE:IDA – Get Free Report) last posted its earnings results on Thursday, April 30th. The energy company reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. The firm had revenue of $403.41 million during the quarter, compared to analyst estimates of $437.51 million. IDACORP had a net margin of 18.60% and a return on equity of 9.40%. During the same period last year, the firm posted $1.10 earnings per share. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS. On average, research analysts expect that IDACORP, Inc. will post 6.39 EPS for the current fiscal year.
IDACORP Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Wednesday, August 5th will be given a dividend of $0.88 per share. The ex-dividend date is Wednesday, August 5th. This represents a $3.52 dividend on an annualized basis and a yield of 2.4%. IDACORP’s dividend payout ratio is 58.57%.
Insider Activity In other news, VP James Bo D. Hanchey sold 1,500 shares of IDACORP stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $140.95, for a total value of $211,425.00. Following the completion of the transaction, the vice president owned 2,138 shares in the company, valued at approximately $301,351.10. The trade was a 41.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.33% of the stock is owned by insiders.
About IDACORP (Free Report)
IDACORP, Inc is a diversified energy holding company headquartered in Boise, Idaho, whose primary subsidiary, Idaho Power Company, operates as a regulated electric utility. Through Idaho Power, the company provides generation, transmission and distribution services to residential, commercial and industrial customers. The company’s service territory spans southern Idaho and eastern Oregon, where it serves over half a million customers with a mix of hydroelectric, natural gas, wind and solar generation assets.
Idaho Power’s generation portfolio is anchored by a network of hydroelectric facilities along the Snake River system, complemented by natural-gas-fired plants and growing investments in renewable resources.
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BOISE, Idaho--(BUSINESS WIRE)--Directors of IDACORP, Inc. (NYSE:IDA) today declared a common stock dividend of $0.88 per share, payable August 31, 2026 to holders of record at the close of business on August 5, 2026.
BOISE, Idaho--(BUSINESS WIRE)--IDACORP, Inc. (NYSE:IDA) will report its second quarter results on Thursday, July 30, in a news release before the stock markets open. The company will hold an analyst conference call that day at 2:30 p.m. Mountain Time (4:30 p.m. Eastern Time) to discuss the second quarter 2026 earnings. All parties interested in listening may do so through a live Webcast or by calling 855‑761‑5600 for listen-only mode. The passcode for the call is 9290150. The conference call lo.
Investors in IDACORP, Inc. (IDA - Free Report) need to pay close attention to the stock based on moves in the options market lately. That is because the Aug 21, 2026 $180 Call had some of the highest implied volatility of all equity options today.
What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
What do the Analysts Think?Clearly, options traders are pricing in a big move for IDACORP shares, but what is the fundamental picture for the company? Currently, IDACORP is a Zacks Rank #3 (Hold) in the Utility - Electric Power industry that ranks in the Bottom 32% of our Zacks Industry Rank. Over the last 30 days, no analysts have increased their earnings estimates for the current quarter, while one analyst has revised the estimate downward. The net effect has taken our Zacks Consensus Estimate for the current quarter from $1.87 per share to $1.85 in that period.
Given the way analysts feel about IDACORP right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
Persistent, structurally elevated inflation necessitates repositioning portfolios toward higher-yielding, inflation-resilient income products. The risk is that on a real portfolio income growth basis, the necessary wealth accumulation (or preservation) won't simply be there. Yet we have to be cognizant of not falling into the other extreme of elevated NAV destruction or dividend cut risks.
Key Takeaways IDA and OGE serve rising electricity demand through regulated utility operations and grid investments. IDA has stronger EPS growth projections, lower leverage and better one-month share gains than OGE.OGE offers a higher dividend yield and a larger 2026-2030 capital investment plan than IDA. Companies operating in the Zacks Utility - Electric Power industry are engaged in the generation, transmission and distribution of electricity, serving millions of customers across the United States. The industry, supported by its regulated business model and rising electricity demand, generates predictable earnings and cash flows. Regular dividend payments and periodic share repurchases make these utilities attractive options for investors.
Electricity demand across the United States continues to increase, fueled by rapid data center expansion, accelerating electrification and rising residential power consumption. To meet this demand, utilities are investing in renewable energy, grid modernization and distribution infrastructure to enhance system reliability.
Amid growing demand for reliable power and grid investments, let us compare IDACORP, Inc. (IDA - Free Report) and OGE Energy (OGE - Free Report) . Both regulated electric utilities benefit from rising electricity demand, supportive regulatory frameworks and ongoing investments in grid modernization, infrastructure upgrades and renewable energy expansion.
IDACORP is benefiting from steady customer growth, increasing electricity demand and constructive regulatory mechanisms, supporting timely cost recovery and earnings stability. Its strategic investment plan supports infrastructure expansion, renewable energy integration and high-voltage transmission projects, enhancing service reliability and supporting long-term growth.
OGE Energy is benefiting from strong customer growth, rising electricity demand from expanding data centers and sustained economic development across its service territory, supporting revenues and earnings growth. Its systematic capital investment for infrastructure modernization improves operational efficiency, enhances grid reliability, supports growing electricity demand and strengthens long-term regulated earnings and sustainable growth.
IDACORP and OGE Energy both maintain strong positions in the regulated utility sector. A comparison of their fundamentals can help determine which stock offers the better investment opportunity.
IDA & OGE’s Earnings Growth ProjectionsThe Zacks Consensus Estimate for IDA’s earnings per share (EPS) is pegged at $6.39 in 2026 and $6.94 in 2027, suggesting year-over-year growth of 8.31% and 8.52%, respectively. IDA’s long-term (three to five years) earnings growth is currently pinned at 7.85%.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for OGE’s EPS is pegged at $2.43 in 2026 and $2.59 in 2027, suggesting year-over-year growth of 4.74% and 6.92%, respectively. OGE’s long-term earnings growth is currently pinned at 5.57%.
Image Source: Zacks Investment Research
Debt to CapitalCompanies operating in the utility space rely heavily on debt financing to fund operations, maintain system reliability and meet rising electricity demand. Their capital-intensive business model requires continuous investments in generation, transmission and distribution infrastructure, making access to low-cost financing essential for supporting long-term growth and delivering reliable electric service.
IDACORP’s debt-to-capital ratio stands at 50.98%, below OGE Energy’s 54.27%. Both companies' debt-to-capital ratios remain below the industry average of 60.71%. However, OGE carries higher leverage than IDA, indicating a greater reliance on borrowed funds.
Image Source: Zacks Investment Research
IDA & OGE’s Dividend YieldThe regulated nature of operation allows utilities to earn a stable return on investment and distribute regular dividends to shareholders, reflecting their focus on delivering dependable returns and long-term shareholder value. It also indicates the company's predictable earnings and solid cash flow generation.
Currently, OGE’s dividend yield is 3.44%, while that for IDA is 2.28%. The dividend yields of both companies are higher than the S&P 500’s yield of 1.40%.
IDA & OGE’s Capital Investment PlansUtilities require substantial capital investments to develop infrastructure, improve system reliability and maintain their extensive asset base. Power generation and distribution utilities regularly invest in renewable energy expansion, battery storage, transmission and distribution upgrades, and the replacement of outdated equipment to improve grid resilience, operational efficiency and long-term service reliability.
IDACORP plans to invest $1.3-$1.5 billion during 2026 for infrastructure development and grid modernization to ensure safe and reliable service for customers. OGE Energy plans to invest $7.3 billion between 2026 and 2030 to enhance the safety, reliability and resiliency of its transmission, distribution and generation infrastructure.
IDA & OGE’s Price PerformanceIDACORP’s shares have gained 11.5% over the past month compared with OGE Energy’s rally of 5.3%.
Image Source: Zacks Investment Research
Overall AssessmentIDACORP and OGE Energy continue to benefit from increasing electricity demand, driven by economic growth, customer expansion, data center development and capital investments that enhance grid reliability and support long-term growth.
IDACORP, supported by stable EPS growth, lower debt levels and better stock price performance, appears to be a more attractive choice in the utility sector.
JPMorgan Chase and Co. lowered its holdings in shares of IDACORP, Inc. (NYSE: IDA) by 4.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 304,269 shares of the energy company's stock after selling 13,837 shares during
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does IdaCorp (IDA) have what it takes?
Phocas Financial Corp. bought a new stake in IDACORP, Inc. (NYSE:IDA – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 56,662 shares of the energy company’s stock, valued at approximately $7,171,000. Phocas Financial Corp. owned 0.10% of IDACORP as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Orion Porfolio Solutions LLC raised its holdings in shares of IDACORP by 3,215.7% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 604,451 shares of the energy company’s stock valued at $69,784,000 after buying an additional 586,221 shares during the period. Zimmer Partners LP purchased a new position in IDACORP during the 3rd quarter valued at about $71,031,000. Soros Fund Management LLC purchased a new position in IDACORP during the 2nd quarter valued at about $46,919,000. Invesco Ltd. grew its position in IDACORP by 139.4% in the 3rd quarter. Invesco Ltd. now owns 591,812 shares of the energy company’s stock valued at $78,208,000 after acquiring an additional 344,622 shares in the last quarter. Finally, BROOKFIELD Corp ON purchased a new stake in IDACORP during the second quarter worth about $33,920,000. 89.10% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at IDACORP In other news, VP Julia A. Hilton sold 1,000 shares of IDACORP stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $142.79, for a total transaction of $142,790.00. Following the completion of the sale, the vice president directly owned 2,313 shares of the company’s stock, valued at approximately $330,273.27. The trade was a 30.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.46% of the company’s stock.
IDACORP Stock Performance Shares of IDA opened at $144.29 on Monday. IDACORP, Inc. has a 1 year low of $108.15 and a 1 year high of $145.94. The stock has a market capitalization of $7.92 billion, a PE ratio of 24.46, a PEG ratio of 2.81 and a beta of 0.54. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.68 and a current ratio of 0.93. The stock has a 50-day simple moving average of $139.77 and a 200-day simple moving average of $133.41.
IDACORP (NYSE:IDA – Get Free Report) last released its earnings results on Thursday, February 19th. The energy company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.04. IDACORP had a net margin of 17.84% and a return on equity of 9.36%. The firm had revenue of $405.24 million for the quarter, compared to analyst estimates of $533.06 million. During the same period in the prior year, the firm earned $0.70 earnings per share. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS. On average, analysts predict that IDACORP, Inc. will post 5.81 earnings per share for the current fiscal year.
IDACORP Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Thursday, February 5th were issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Thursday, February 5th. IDACORP’s dividend payout ratio (DPR) is presently 59.66%.
Analyst Upgrades and Downgrades Several brokerages have recently issued reports on IDA. Wall Street Zen cut shares of IDACORP from a “hold” rating to a “sell” rating in a research report on Sunday, February 22nd. BTIG Research reaffirmed a “buy” rating and set a $156.00 target price on shares of IDACORP in a research note on Friday, January 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of IDACORP in a report on Thursday, January 22nd. UBS Group raised their price target on shares of IDACORP from $134.00 to $142.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. Finally, Morgan Stanley set a $155.00 price target on shares of IDACORP in a research note on Friday, February 20th. Seven investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $143.00.
Check Out Our Latest Research Report on IDA
About IDACORP (Free Report)
IDACORP, Inc is a diversified energy holding company headquartered in Boise, Idaho, whose primary subsidiary, Idaho Power Company, operates as a regulated electric utility. Through Idaho Power, the company provides generation, transmission and distribution services to residential, commercial and industrial customers. The company’s service territory spans southern Idaho and eastern Oregon, where it serves over half a million customers with a mix of hydroelectric, natural gas, wind and solar generation assets.
Idaho Power’s generation portfolio is anchored by a network of hydroelectric facilities along the Snake River system, complemented by natural-gas-fired plants and growing investments in renewable resources.
Recommended Stories Five stocks we like better than IDACORP Want to see what other hedge funds are holding IDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for IDACORP, Inc. (NYSE:IDA – Free Report).
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BOISE, Idaho--(BUSINESS WIRE)--IDACORP, Inc. (NYSE:IDA) will report its first quarter results on Thursday, April 30, in a news release before the stock markets open. The company will hold an analyst conference call that day at 2:30 p.m. Mountain Time (4:30 p.m. Eastern Time) to discuss the first quarter 2026 earnings.
All parties interested in listening may do so through a live Webcast or by calling 855‑761‑5600 for listen-only mode. The passcode for the call is 9290150. The conference call logistics are posted on the company’s website (www.idacorpinc.com) and will be included in the company’s earnings news release. Slides will be included during the conference call. To access the slide deck, please visit www.idacorpinc.com/investor-relations. A replay of the conference call will be available on the company’s website for a period of 12 months and will be available shortly after the call.
Background Information
IDACORP, Inc. (NYSE: IDA), Boise, Idaho-based and formed in 1998, is a holding company comprised of Idaho Power, a regulated electric utility; IDACORP Financial, an investor in affordable housing and other real estate tax credit investments; and Ida-West Energy, an operator of small hydroelectric generation projects that satisfy the requirements of the Public Utility Regulatory Policies Act of 1978. Idaho Power, headquartered in vibrant and fast-growing Boise, Idaho, has been a locally operated energy company since 1916. Today, it serves a 24,000-square-mile service area in Idaho and Oregon. With 17 low-cost hydropower projects at the core of its diverse energy mix, Idaho Power’s residential, business, and agricultural customers pay among the nation's lowest prices for electricity. Its 2,100 employees proudly serve more than 660,000 customers with a culture of safety first, integrity always, and respect for all. To learn more about IDACORP or Idaho Power, visit idacorpinc.com or idahopower.com.
BOISE, Idaho--(BUSINESS WIRE)--Directors of IDACORP, Inc. (NYSE:IDA) today declared a common stock dividend of $0.88 per share, payable June 1, 2026 to holders of record at the close of business on May 5, 2026.
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More News From IDACORP, Inc.
IDACORP, Inc. Announces First Quarter 2026 Results, Reaffirms 2026 Earnings GuidanceBOISE, Idaho--(BUSINESS WIRE)--IDACORP, Inc. (NYSE: IDA) reported first quarter 2026 net income attributable to IDACORP of $68.0 million, or $1.21 per diluted share, compared with $59.6 million, or $1.10 per diluted share, in the first quarter of 2025. "Strong first quarter results benefited from customer growth and rate changes," said IDACORP President and Chief Executive Officer Lisa Grow. "As expected, those benefits were partially offset by higher O&M expenses and recording fewer tax cr...
IDACORP Schedules First Quarter 2026 Earnings Release & Conference CallBOISE, Idaho--(BUSINESS WIRE)--IDACORP, Inc. (NYSE:IDA) will report its first quarter results on Thursday, April 30, in a news release before the stock markets open. The company will hold an analyst conference call that day at 2:30 p.m. Mountain Time (4:30 p.m. Eastern Time) to discuss the first quarter 2026 earnings. All parties interested in listening may do so through a live Webcast or by calling 855‑761‑5600 for listen-only mode. The passcode for the call is 9290150. The conference call log...
IDACORP, Inc. Announces Fourth Quarter and Year-End 2025 Results, Initiates 2026 Earnings GuidanceBOISE, Idaho--(BUSINESS WIRE)--IDACORP, Inc. (NYSE: IDA) reported fourth quarter 2025 net income attributable to IDACORP of $43.6 million, or $0.78 per diluted share, compared with $37.9 million, or $0.70 per diluted share, in the fourth quarter of 2024. For the full year ended December 31, 2025, IDACORP reported net income attributable to IDACORP of $323.5 million, or $5.90 per diluted share, compared with $289.2 million, or $5.50 per diluted share, in 2024. "IDACORP's earnings in 2025 were at...
If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider IdaCorp (IDA - Free Report) . This company, which is in the Zacks Utility - Electric Power industry, shows potential for another earnings beat.
When looking at the last two reports, this utility company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 3.38%, on average, in the last two quarters.
For the last reported quarter, IdaCorp came out with earnings of $0.78 per share versus the Zacks Consensus Estimate of $0.74 per share, representing a surprise of 5.41%. For the previous quarter, the company was expected to post earnings of $2.23 per share and it actually produced earnings of $2.26 per share, delivering a surprise of 1.35%.
Price and EPS Surprise
For IdaCorp, estimates have been trending higher, thanks in part to this earnings surprise history. And when you look at the stock's positive Zacks Earnings ESP (Expected Surprise Prediction), it's a great indicator of a future earnings beat, especially when combined with its solid Zacks Rank.
Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
IdaCorp has an Earnings ESP of +2.28% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #3 (Hold), it shows that another beat is possibly around the corner. The company's next earnings report is expected to be released on April 30, 2026.
Investors should note, however, that a negative Earnings ESP reading is not indicative of an earnings miss, but a negative value does reduce the predictive power of this metric.
Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate.
Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
IdaCorp (IDA) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus.
While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends make up large portions of long-term returns, and in many cases, dividend contributions surpass one-third of total returns.
IdaCorp (IDA - Free Report) is headquartered in Boise, and is in the Utilities sector. The stock has seen a price change of 13.39% since the start of the year. The utility company is paying out a dividend of $0.88 per share at the moment, with a dividend yield of 2.45% compared to the Utility - Electric Power industry's yield of 2.74% and the S&P 500's yield of 1.4%.
Looking at dividend growth, the company's current annualized dividend of $3.52 is up 1.7% from last year. Over the last 5 years, IdaCorp has increased its dividend 5 times on a year-over-year basis for an average annual increase of 5.14%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. IdaCorp's current payout ratio is 60%, meaning it paid out 60% of its trailing 12-month EPS as dividend.
IDA is expecting earnings to expand this fiscal year as well. The Zacks Consensus Estimate for 2026 is $6.39 per share, with earnings expected to increase 8.31% from the year ago period.
Investors like dividends for a variety of different reasons, from tax advantages and decreasing overall portfolio risk to considerably improving stock investing profits. It's important to keep in mind that not all companies provide a quarterly payout.
High-growth firms or tech start-ups, for example, rarely provide their shareholders a dividend, while larger, more established companies that have more secure profits are often seen as the best dividend options. Income investors must be conscious of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. With that in mind, IDA is a compelling investment opportunity. Not only is it a strong dividend play, but the stock currently sits at a Zacks Rank of #3 (Hold).
IDACORP (NYSE:IDA – Get Free Report) and Commerce Energy Group (OTCMKTS:CMNR – Get Free Report) are both utilities companies, but which is the superior stock? We will contrast the two businesses based on the strength of their risk, profitability, institutional ownership, valuation, earnings, analyst recommendations and dividends.
Profitability This table compares IDACORP and Commerce Energy Group’s net margins, return on equity and return on assets.
Net Margins Return on Equity Return on Assets IDACORP 17.84% 9.36% 3.25% Commerce Energy Group N/A N/A N/A Analyst Ratings This is a summary of current recommendations for IDACORP and Commerce Energy Group, as provided by MarketBeat.com.
Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score IDACORP 1 1 7 0 2.67 Commerce Energy Group 0 0 0 0 0.00 IDACORP currently has a consensus target price of $145.00, indicating a potential downside of 2.83%. Given Commerce Energy Group’s higher possible upside, analysts plainly believe Commerce Energy Group is more favorable than IDACORP.
Valuation and Earnings This table compares IDACORP and Commerce Energy Group”s top-line revenue, earnings per share (EPS) and valuation.
Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio IDACORP $1.81 billion 4.52 $323.47 million $5.90 25.29 Commerce Energy Group N/A N/A N/A N/A N/A IDACORP has higher revenue and earnings than Commerce Energy Group.
Institutional & Insider Ownership 89.1% of IDACORP shares are owned by institutional investors. 0.3% of IDACORP shares are owned by company insiders. Comparatively, 0.9% of Commerce Energy Group shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.
Summary IDACORP beats Commerce Energy Group on 7 of the 9 factors compared between the two stocks.
About IDACORP (Get Free Report)
IDACORP, Inc., together with its subsidiaries, engages in the generation, transmission, distribution, purchase, and sale of electric energy in the United States. The company operates 17 hydropower generating plants located in southern Idaho and eastern Oregon; three natural gas-fired plants in southern Idaho; and interests in two coal-fired steam electric generating plants located in Wyoming and Nevada. As of December 31, 2023, it had approximately 4,762 pole-miles of high-voltage transmission lines; 23 step-up transmission substations located at power plants; 21 transmission substations; 11 switching stations; 30 mixed-use transmission and distribution substations; 186 energized distribution substations; and 29,714 pole-miles of distribution lines, and 131 MW of battery storage, as well as provides electric utility services to approximately 633,000 retail customers in southern Idaho and eastern Oregon. The company serves commercial and industrial customers, which involved in food processing, electronics and general manufacturing, agriculture, health care, government, and education. It also invests in housing and other real estate tax credit investments. IDACORP, Inc. was founded in 1915 and is headquartered in Boise, Idaho.
About Commerce Energy Group (Get Free Report)
Commerce Energy Group Inc. through its subsidiaries provides electric power and natural gas to residential, commercial, industrial and institutional customers in California, Pennsylvania, Michigan, Maryland, New Jersey, Texas, Florida, Georgia, Nevada, and Ohio. The company was founded in 1997 and is based in Costa Mesa, California.
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The market expects Ameren (AEE - Free Report) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 5. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus EstimateThis utility is expected to post quarterly earnings of $1.17 per share in its upcoming report, which represents a year-over-year change of +9.4%.
Revenues are expected to be $2.24 billion, up 6.8% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.47% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Ameren?For Ameren, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +1.29%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination indicates that Ameren will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Ameren would post earnings of $0.77 per share when it actually produced earnings of $0.78, delivering a surprise of +1.30%.
Over the last four quarters, the company has beaten consensus EPS estimates three times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Ameren appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Expected Results of an Industry PlayerIdaCorp (IDA - Free Report) , another stock in the Zacks Utility - Electric Power industry, is expected to report earnings per share of $1.12 for the quarter ended March 2026. This estimate points to a year-over-year change of +1.8%. Revenues for the quarter are expected to be $460.41 million, up 6.5% from the year-ago quarter.
Over the last 30 days, the consensus EPS estimate for IdaCorp has been revised 0.5% down to the current level. Nevertheless, the company now has an Earnings ESP of 0.00%, reflecting an equal Most Accurate Estimate.
When combined with a Zacks Rank of #3 (Hold), this Earnings ESP makes it difficult to conclusively predict that IdaCorp will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
BOISE, Idaho--(BUSINESS WIRE)--IDACORP, Inc. (NYSE: IDA) reported first quarter 2026 net income attributable to IDACORP of $68.0 million, or $1.21 per diluted share, compared with $59.6 million, or $1.10 per diluted share, in the first quarter of 2025. "Strong first quarter results benefited from customer growth and rate changes," said IDACORP President and Chief Executive Officer Lisa Grow. "As expected, those benefits were partially offset by higher O&M expenses and recording fewer tax cr.
IdaCorp (IDA) came out with quarterly earnings of $1.21 per share, beating the Zacks Consensus Estimate of $1.12 per share. This compares to earnings of $1.1 per share a year ago.
Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.
Cash flow can come from bond interest, interest from other types of investments, and, of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends make up large portions of long-term returns, and in many cases, dividend contributions surpass one-third of total returns.
Based in Boise, IdaCorp (IDA - Free Report) is in the Utilities sector, and so far this year, shares have seen a price change of 13.78%. The utility company is currently shelling out a dividend of $0.88 per share, with a dividend yield of 2.44%. This compares to the Utility - Electric Power industry's yield of 2.78% and the S&P 500's yield of 1.41%.
Looking at dividend growth, the company's current annualized dividend of $3.52 is up 1.7% from last year. Over the last 5 years, IdaCorp has increased its dividend 5 times on a year-over-year basis for an average annual increase of 5.14%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. IdaCorp's current payout ratio is 59%, meaning it paid out 59% of its trailing 12-month EPS as dividend.
Looking at this fiscal year, IDA expects solid earnings growth. The Zacks Consensus Estimate for 2026 is $6.39 per share, which represents a year-over-year growth rate of 8.31%.
From greatly improving stock investing profits and reducing overall portfolio risk to providing tax advantages, investors like dividends for a variety of different reasons. But, not every company offers a quarterly payout.
For instance, it's a rare occurrence when a tech start-up or big growth business offers its shareholders a dividend. It's more common to see larger companies with more established profits give out dividends. During periods of rising interest rates, income investors must be mindful that high-yielding stocks tend to struggle. With that in mind, IDA is a compelling investment opportunity. Not only is it a strong dividend play, but the stock currently sits at a Zacks Rank of #3 (Hold).
Key Takeaways IDACORP rose 20.8% in the past year; debt-to-capital is 50.98%, and ROIC is 3.78%.IDACORP, via Idaho Power, is investing in transmission infrastructure, grid expansion and cleaner energy.PPL is upgrading grids and transmission while advancing decarbonization under supportive regulation. PPL Corporation (PPL - Free Report) and IDACORP, Inc. (IDA - Free Report) are benefiting from favorable trends in the Zacks Utility-Electric Power industry, which offers an attractive long-term investment case due to its capital-intensive, highly regulated and domestically focused business model that supports stable earnings and predictable cash flows. As electricity demand rises from AI-driven data centers, industrial expansion and broader electrification trends, investors are increasingly focusing on regulated utility companies with strong infrastructure growth opportunities. Both companies derive most of their earnings from regulated electric utility operations and continue to invest in grid modernization initiatives to support long-term growth.
The utility sector continues to strengthen its long-term growth outlook through investments in cleaner energy generation, transmission upgrades and system reliability improvements. Utilities are retiring older fossil-fuel assets, expanding renewable energy portfolios and investing heavily in infrastructure projects that are typically recoverable through customer rates. At the same time, rising power demand from data centers, electric vehicles and industrial activity is supporting additional capital spending opportunities. With stable business models, supportive regulation and attractive dividend profiles, regulated utilities remain well-positioned to generate sustainable long-term value in an evolving energy landscape.
Let’s compare the stocks’ fundamentals to determine which one is the better investment option at present.
The Case for PPL StockPPL is a fully regulated utility focused on delivering stable earnings and predictable cash flows through its electric and natural gas operations. The company continues to invest heavily in grid modernization, transmission upgrades and infrastructure improvements designed to strengthen system reliability and support rising electricity demand. PPL is also advancing cleaner energy initiatives and decarbonization efforts while operating within supportive regulatory frameworks that allow recovery of capital investments through customer rates.
The company’s long-term strategy centers on expanding and modernizing utility infrastructure to support growing power demand from electrification trends, industrial activity and data center development. Its regulated business model, disciplined capital investment plan, and ongoing renewable and grid investments position PPL to generate steady earnings growth and dependable shareholder returns over time.
The Case for IDA StockIDACORP operates primarily through Idaho Power, a regulated electric utility focused on maintaining reliable service while investing in transmission infrastructure, grid expansion and cleaner energy resources. The company benefits from constructive regulatory mechanisms and continues to pursue long-term infrastructure projects aimed at supporting customer growth, rising electricity demand and system reliability.
IDA is also focused on modernizing its power network and expanding transmission capabilities to support future energy needs across its service territories. Its investment strategy includes renewable integration, high-voltage transmission projects and infrastructure development designed to enhance operational flexibility and support long-term load growth. With stable, regulated operations and ongoing capital investments, the company remains well-positioned to benefit from increasing electrification and long-term utility infrastructure demand.
How Does the Zacks Consensus Estimate Compare for PPL & IDA?The Zacks Consensus Estimate for PPL’s 2026 earnings per share (EPS) has remained unchanged in the past 60 days.
Image Source: Zacks Investment Research
The consensus estimate for IDA’s 2026 EPS calls for a decline of 0.47% in the past 60 days.
Image Source: Zacks Investment Research
ROIC of PPL & IDAReturn on Invested Capital (“ROIC”) measures how efficiently a company generates profits from the total capital invested in its business. Currently, PPL’s ROIC is 3.36% compared with IDA’s 3.78%.
Debt Position of PPL & IDADebt position is an important financial indicator that reflects a company’s financial stability and ability to manage debt obligations efficiently. Currently, PPL’s debt-to-capital stands at 57.4% compared with IDA’s 50.98%.
PPL & IDA: Stock Price PerformanceOver the past year, shares of PPL and IDA have risen 4.2% and 20.8%, respectively, compared with the industry’s growth of 21.6%.
Image Source: Zacks Investment Research
Valuation for PPL & IDAPPL currently appears to be cheaper compared with IDACORP on a Price/Earnings Forward 12-month basis. (P/E- F12M).
PPL is currently trading at 18.06X, while IDA is trading at 21.49X.
Image Source: Zacks Investment Research
Summing UpBoth companies operate in the regulated utility industry and are benefiting from grid modernization, renewable energy expansion and rising electricity demand from electrification and data center growth. PPL focuses on infrastructure modernization, transmission upgrades and decarbonization initiatives, while IDACORP is investing in transmission expansion, renewable integration and grid modernization projects to support long-term load growth and system reliability.
Our choice at the moment is IDACORP, given its stronger price performance, slightly higher ROIC and lower debt-to-capital compared to PPL.
PPL currently carries a Zacks Rank #4 (Sell), while IDACORP carries a Zacks Rank #3 (Hold) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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UtilitiesFollow-UpThere’s no reason to sell Idacorp, a year-old Barron’s stock pick. The utility remains a smart way to participate in the growth of U.S. power demand, while getting some dividend income along the way.
IDACORP looks well-positioned for future dividend growth in the years ahead. The electric utility appears to be set up for high single-digit percentage diluted EPS growth for the foreseeable future. IDACORP sports a BBB S&P credit rating with a stable outlook.
