IDACORP (IDA) Stock

BOISE, Idaho--(BUSINESS WIRE)--The board of directors at IDACORP, Inc. (NYSE:IDA) has announced a common stock dividend of $0.86 per share. This dividend will be paid on February 28, 2025, to those who own shares as of the end of business on February 5, 2025.

This Analyst Blog features Ensign, Cardinal Health, Atmos Energy, and IDACORP.

IdaCorp (IDA) is now considered an oversold stock, meaning that the intense selling pressure has likely ended. Additionally, many Wall Street analysts are raising their earnings estimates, suggesting that the stock may soon change direction.

Since the coverage in August, Idacorp's total returns have exceeded those of the S&P 500 index. The electric utility's five-year investment plan is strong enough to support good growth in diluted EPS moving forward. Additionally, IDA has a BBB credit rating from S&P, which is considered stable.

Both IDA and PNW operate effectively and consistently offer dependable services to their growing number of customers.

This is a comparison of how IdaCorp (IDA) and PG&E (PCG) have done in relation to their industry this year.

No matter if you invest in value, growth, or momentum stocks, the Zacks Style Scores can help you identify strong stocks more easily. This is one of the key features of the Zacks Premium research service.

IDA's earnings and revenues for the third quarter have risen compared to the same time last year. However, total operating expenses have also gone up during this period.

BOISE, Idaho--(BUSINESS WIRE)--IDACORP, Inc. (NYSE: IDA) announced a net income of $113.6 million for the third quarter of 2024, which is $2.12 per diluted share, an increase from $105.3 million or $2.07 per diluted share in the same period last year. IDACORP's President and CEO, Lisa Grow, stated that the company had a successful third quarter, driven by customer growth, changes in rates, and favorable weather that led to increased customer usage. However, they also noted that higher depreciation costs were anticipated.