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Idacorp (IDA)
NYSE:IDA
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Earnings Data
Report Date
Feb 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.63Last Year’s EPS
$0.61Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2024
|% Change Since: 7.34%
|Next Earnings Date:Feb 13, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a positive outlook with strong earnings growth, customer expansion, and strategic infrastructure investments. However, these were tempered by increased operational expenses and potential regulatory and financial challenges.Company Guidance
During IDACORP's third-quarter 2024 earnings call, the company updated its full-year earnings guidance, raising the lower end to a range of $5.35 to $5.45 per diluted share. The company's diluted earnings per share for Q3 increased to $2.12 from $2.07 in the same quarter last year, and earnings per diluted share for the first nine months of the year rose to $4.82 compared to $4.53 in 2023. IDACORP also noted an improvement in additional tax credit amortization, expected to range between $25 million and $35 million for the year, a significant increase from the $7.5 million recorded in the same period last year. The company highlighted robust customer growth, with a 2.6% increase in its customer base and significant growth in various industrial sectors. Additionally, IDACORP is planning substantial capital expenditures and anticipates a 16.9% compound annual growth rate in rate base through 2028, driven by continued infrastructure investments to meet growing energy demands.Record Earnings Per Share Growth
IDACORP's third quarter 2024 diluted earnings per share were $2.12 compared to $2.07 for the same period last year. Earnings per share for the first 9 months increased to $4.82 from $4.53 in the previous year.
Increased Earnings Guidance
The company raised the lower end of its full-year 2024 earnings guidance to a range of $5.35 to $5.45 per diluted share.
Customer Growth and Economic Expansion
Customer base grew by 2.6% since last year's third quarter, with residential customers increasing by 2.9%, contributing to a robust energy demand.
Significant Infrastructure Development
IDACORP is under contract to purchase and own a 300-megawatt wind generation facility, marking its first company-owned wind project.
Strong Cash Flow Improvement
Cash flow from operations improved by nearly $300 million compared to last year, supported by rate changes and moderated power supply costs.
Sustainable Tax Credit Management
Additional tax credit amortization reached $22.5 million by Q3, reducing tax credit usage expectations to preserve future credits.
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IDA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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IDA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $101.34 | $102.65 | +1.29% |
| Aug 01, 2024 | $96.19 | $100.68 | +4.67% |
| May 02, 2024 | $93.62 | $93.01 | -0.65% |
| Feb 15, 2024 | $84.92 | $86.75 | +2.15% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Idacorp (IDA) report earnings?
Idacorp (IDA) is schdueled to report earning on Feb 13, 2025, TBA Not Confirmed.
What is Idacorp (IDA) earnings time?
Idacorp (IDA) earnings time is at Feb 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is IDA EPS forecast?
IDA EPS forecast for the fiscal quarter 2024 (Q4) is $0.63.
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