Idacorp's Earnings Outlook
Portfolio Pulse from Benzinga Insights
Idacorp (NYSE:IDA) is scheduled to release its quarterly earnings report on February 15, 2024, with an estimated EPS of $0.60. Analysts and investors are keen on whether the company will surpass this estimate and provide positive guidance for the next quarter. Historical data shows Idacorp's performance has occasionally led to share price movements post-earnings announcement. Currently, shares are trading at $86.94, marking a 15.68% decline over the last year, indicating long-term shareholders' dissatisfaction ahead of the earnings release.
February 14, 2024 | 7:00 pm
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Idacorp is anticipated to report a quarterly EPS of $0.60 on February 15, 2024. Investors are looking for an earnings beat and positive future guidance. The stock has seen a 15.68% decline over the past year, affecting long-term shareholder sentiment.
The short-term impact on IDA's stock price will likely hinge on whether it meets or exceeds the EPS estimate and what guidance it provides for future quarters. Historical performance suggests that earnings announcements have led to price movements, but the overall negative trend over the past year may temper expectations. The anticipation of the earnings report and its outcomes could introduce volatility in the stock price.
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