Idacorp (IDA)
NYSEUtilitiesRegulated ElectricSnapshot 2026-09-04
$135.70-0.31%
Close 2026-09-04 · 1-day change
NYSEUtilitiesRegulated ElectricSnapshot 2026-09-04
Warn: Recent financial performance slipped notably this past month, though still top-half.
Idacorp keeps steady earnings with EPS guidance of $6.25 to $6.45 for 2026. The company benefits from strategic investments and customer growth. Profit margins remain stable with a PE near peers. Earnings beats show solid execution.
Earnings growth could stall if net income declines continue. Rising costs or regulatory issues may pressure margins. A failure to meet EPS guidance would weaken confidence.
The market prices about 15% revenue growth and values the stock roughly 20% above our model's level. Our view aligns with consensus earnings growth but is more cautious than the Street's higher price targets.
Breaks if: EPS falls below $6.25 or above $6.45 in FY26
Idacorp aims to maintain its full-year 2026 earnings guidance in the range of $6.25 to $6.45 per diluted share.
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a stable utility with a focus on growth through customer expansion and infrastructure investment. The current thesis state is cautious, as recent performance has shown some decline, but management remains committed to its goals.
The market appears to have priced in a neutral valuation, with expectations slightly below what management has guided. IDA is currently trading at a premium compared to its peers, indicating that some growth is already anticipated.
Management is focused on maintaining and increasing earnings per share guidance while driving customer growth and implementing rate increases. Although there is a low probability of missing earnings expectations, past performance suggests caution is warranted.
The future performance of IDA hinges on external factors such as potential interest rate cuts by the Fed and the performance of sector leaders. Additionally, any negative adjustments to guidance could significantly impact credibility and investor confidence.
The most important moves since the prior daily snapshot.
Yes, our read has strengthened. The company maintained its earnings per share guidance for 2026, now set between $6.30 and $6.45. This guidance reflects confidence in growth driven by large contracts and increased capital expenditures. The Zacks Consensus Estimate also projects an 8.14% year-over-year earnings growth rate.
as of 2026-09-04
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Breaks if: Profit margin falls significantly below mid-teens percentage
Breaks if: Customer growth stalls or strategic investments fail to generate returns
Over the next 1 to 3 years, IDA's performance will depend on its ability to execute on growth strategies and navigate external pressures. Not investment advice.