## Idacorp (IDA) Earnings Preview: What to Expect on October 31st
Investors are eagerly awaiting Idacorp’s (IDA) upcoming quarterly earnings report, scheduled for release on Thursday, October 31st, 2024. As a leading electric utility company serving the Northwestern United States, Idacorp’s performance is closely watched by analysts and investors alike.
Analyst Expectations:
Analysts anticipate Idacorp to report an earnings per share (EPS) of $2.19. If the company surpasses these estimates, it could signal positive growth and strengthen investor confidence. Furthermore, investors are keen to hear the company’s guidance for the next quarter, which will provide valuable insights into their future performance.
Looking Back at Idacorp’s Past Performance:
In the previous earnings release, Idacorp exceeded EPS expectations by $0.30, resulting in a 0.97% increase in share price the following trading session. This positive trend highlights the potential for a similar response following the upcoming earnings announcement.
Here’s a breakdown of Idacorp’s recent earnings performance and the subsequent price change:
| Quarter | EPS Estimate | EPS Actual | Price Change (%) |
|—|—|—|—|
| Q2 2024 | 1.41 | 1.71 | 1.0% |
| Q1 2024 | 1.15 | 0.95 | 2.0% |
| Q4 2023 | 0.60 | 0.61 | -0.0% |
| Q3 2023 | 1.96 | 2.07 | 1.0% |
Market Sentiment and Analyst Ratings:
It’s crucial for investors to stay informed about market sentiment and analyst expectations. Idacorp currently holds a consensus rating of Neutral, based on 6 analyst ratings. The average one-year price target is $107.5, indicating a potential 5.45% upside.
Comparing Idacorp to Its Peers:
To gain a deeper understanding of Idacorp’s market positioning, it’s essential to compare its performance with its industry peers. The following analysis focuses on the analyst ratings and average 1-year price targets of three prominent industry players.
Analysis Summary for Peers:
| Company | Consensus Rating | Revenue Growth | Gross Profit | Return on Equity |
|—|—|—|—|—|
| Idacorp | Neutral | 8.99% | $104.02M | 2.93% |
| [Company 1] | [Rating] | [Growth Rate] | [Profit] | [ROE] |
| [Company 2] | [Rating] | [Growth Rate] | [Profit] | [ROE] |
Key Takeaway:
Idacorp holds a middle ground among its peers for consensus rating. The company ranks at the top for revenue growth, demonstrating strong performance in this area. However, it falls to the bottom in terms of gross profit and return on equity, indicating potential areas for improvement in profitability and efficiency.
Idacorp’s Business Model:
Idacorp Inc. is a holding company that operates through subsidiaries as an electric utility, involved in the generation, transmission, distribution, sale, and purchase of electric energy and capacity. The company owns and operates a portfolio of hydroelectric, coal-fired, gas-fired, and diesel-fired power plants, primarily located in the Northwestern United States.
Hydroelectric and coal-fired plants are responsible for the majority of Idacorp’s total energy production. The company’s primary revenue stream comes from the sale of electricity to retail and wholesale customers, with residential consumers in the Northwestern United States making up the majority of its customer base. Commercial and industrial consumers also contribute significantly to Idacorp’s revenue.
Idacorp’s Financial Performance and Economic Impact:
Market Capitalization:
Idacorp’s market capitalization currently falls below industry benchmarks, suggesting a smaller scale relative to its peers. This could be attributed to factors such as growth expectations or operational capacity.Revenue Growth:
Idacorp achieved a solid revenue growth rate of approximately 8.99% as of June 30, 2024. This indicates a notable increase in the company’s top-line earnings, exceeding the average growth rate among its peers in the Utilities sector.Net Margin:
Idacorp showcases impressive profitability and effective cost control with a standout net margin of 19.85%, exceeding industry averages.Return on Equity (ROE):
Idacorp’s ROE is below industry standards, indicating challenges in efficiently utilizing equity capital. With an ROE of 2.93%, the company may encounter difficulties in delivering satisfactory returns for shareholders.Return on Assets (ROA):
Idacorp demonstrates effective utilization of assets with an impressive ROA of 1.05%, exceeding industry averages.Debt Management:
Idacorp’s debt-to-equity ratio is below the industry average, with a ratio of 0.88. This indicates a healthy balance between debt and equity, relying less on debt financing, which is generally viewed favorably by investors.Stay Updated with Idacorp’s Earnings:
To track all earnings releases for Idacorp, visit our earnings calendar on [Link to Earnings Calendar].
