IDACORP Earnings Preview
Investors are on the edges of their seats, hoping that IDACORP (NYS: IDA) will top analyst expectations for the fourth consecutive quarter. The company will unveil its latest earnings on Thursday, August 4. A holding company whose operating subsidiary, Idaho Power Company, is engaged in the generation, transmission, distribution, sale, and purchase of electric energy.
What analysts say:
- Buy, sell, or hold?: Analysts are bullish on IDACORP, as three analysts rate it as a buy and only one analyst rates it as a sell. Analysts like IDACORP better than competitor Portland General Electric Company overall. While analysts still rate the stock a hold, they are a little more optimistic about it compared to three months ago.
- Revenue Forecasts: On average, analysts predict $238.9 million in revenue this quarter. That would represent a decline of 1.2% from the year-ago quarter.
- Wall Street Earnings Expectations: The average analyst estimate is earnings of $0.59 per share. Estimates range from $0.55 to $0.62.
What our community says:
CAPS All Stars are solidly behind the stock, with 77.3% awarding it an "outperform" rating. The community at large concurs with the All Stars, with 82.5% granting it a rating of "outperform." Fools are gung-ho about IDACORP, though the message boards have been quiet lately with only 31 posts in the past 30 days. Despite the majority sentiment in favor of IDACORP, the stock has a middling CAPS rating of three out of five stars.
IDACORP's profit has risen year over year by an average of 34.5%. Revenue has fallen for the past three quarters.
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At the time this article was published
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