IDACORPNYSE: IDA

IDACORP (IDA) makes a strong case for investment, given its earnings growth prospects, impressive cost management and highly liquid operations.

IDACORP (IDA) makes a strong case for investment, given its earnings growth prospects, debt management and ability to increase shareholders' value.

IDACORP, Inc. (NYSE: IDA) held its Q1 2024 Earnings Call on May 2, 2024 at 4:30 PM ET. Present on the call were Amy Shaw, Lisa Grow, Brian Buckham, and Adam Richins. The conference call was recorded and a live webcast was available.

IDACORP's (IDA) earnings for the first quarter fell below projections, but the company is still expanding its customer base and intends to increase its use of clean energy sources in its generation portfolio.

IdaCorp (IDA) reported quarterly earnings of $0.95 per share, falling short of the Zacks Consensus Estimate of $1.02 per share. This is lower than the earnings of $1.11 per share from the same period last year.

IDACORP, Inc. (IDA) Q4 2023 Earnings Call Transcript

IDACORP???s (IDA) fourth-quarter earnings are better than expected. The company continues to make investments to add more hydropower capacity in its generation folio.

IdaCorp (IDA) came out with quarterly earnings of $0.61 per share, beating the Zacks Consensus Estimate of $0.60 per share. This compares to earnings of $0.83 per share a year ago.

The heavy selling pressure might have exhausted for IdaCorp (IDA) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.