IDACORP Q4 EPS $2.26 Beats Estimates, Analysts Lift Targets to $140
IDACORP reported Q4 earnings of $2.26 per share, surpassing estimates by $0.03 and upgraded to a Zacks Rank #2 (Buy) with its 2025 EPS outlook raised. Analysts have nudged the consensus price target up from $139.06 to $140.00 while Morgan Stanley sets a $139 forecast.
1. Q4 Earnings Beat
IDACORP reported earnings of $2.26 per share for its latest quarter, surpassing the consensus estimate of $2.23 by $0.03 and reflecting steady operational performance across its hydropower, natural gas and coal-fired assets.
2. Analyst Upgrades and Price Target Adjustments
IDACORP was upgraded to a Zacks Rank #2 (Buy) with analysts lifting the consensus price target from $139.06 to $140.00, while Morgan Stanley set its own target at $139, signaling positive sentiment on the stock’s near-term trajectory.
3. 2025 EPS Outlook and Growth Drivers
The company raised its 2025 EPS outlook, citing customer growth in southern Idaho and eastern Oregon along with approved rate increases; these factors underpin expectations for sustained earnings expansion despite potential regulatory headwinds.