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.
Here is how IdaCorp (IDA) and PG&E (PCG) have performed compared to their sector so far this year.
IDA makes a strong case for investment, given its earnings growth prospects, debt management and ability to increase shareholders' value.
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As of Nov. 15, 2024, four stocks in the utilities sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
IdaCorp (IDA) came out with quarterly earnings of $2.12 per share, missing the Zacks Consensus Estimate of $2.17 per share. This compares to earnings of $2.07 per share a year ago.