Investors need to pay close attention to IDA stock based on the movements in the options market lately.
Data centers have major tailwinds working in their favor and investing in electric utilities could be an interesting way to capitalize. IDACORP exceeded analysts' expectations for operating revenue and diluted EPS. The electric utility enjoys a BBB credit rating from S&P on a stable outlook.
IDA's first-quarter earnings are better than expected. The company gains from new rates and customer growth in its service territories.
IdaCorp (IDA) came out with quarterly earnings of $1.10 per share, beating the Zacks Consensus Estimate of $1.03 per share. This compares to earnings of $0.95 per share a year ago.
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.
IDA is set to further benefit from ongoing capital investments that should improve infrastructure and customer growth, creating more demand.
Idacorp: Still Buyable Now After The Rally
IDACORP, Inc. (NYSE:IDA ) Q4 2024 Earnings Conference Call February 20, 2025 4:30 PM ET Company Participants Amy Shaw - Vice President of Finance, Compliance and Risk Lisa Grow - President, and Chief Executive Officer Brian Buckham - Senior Vice President, Chief Financial Officer, and Treasurer John Wonderlich - Investor Relations Manager Adam Richins - Senior Vice President, and Chief Operating Officer Conference Call Participants Alex Mortimer - Mizuho Securities David Arcaro - Morgan Stanley Chris Ellinghaus - SWS Brian Russo - Jefferies Operator Welcome to IDACORP's Fourth Quarter and Year-End 2024 Earnings Conference Call. Today's call is being recorded, and our webcast is live.
IDA's fourth-quarter earnings increase year over year. Total O&M expenses also rise during the same period.
IdaCorp (IDA) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
Since coverage last August, Idacorp's total returns have outpaced the S&P 500 index. The electric utility's five-year capital spending plan remains sufficient to drive solid diluted EPS growth in the future. IDA enjoys a BBB credit rating from S&P on a stable outlook.
Both IDA and PNW work efficiently and continue to provide reliable services to their expanding customer base.