Idacorp Q1 2024 GAAP EPS $0.95 Misses $1.15 Estimate
Portfolio Pulse from Benzinga Newsdesk
Idacorp reported its Q1 2024 earnings with a GAAP EPS of $0.95, missing the consensus estimate of $1.15 by 17.39%.

May 02, 2024 | 10:33 am
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NEGATIVE IMPACT
Idacorp's Q1 2024 earnings missed analyst expectations with a GAAP EPS of $0.95, below the estimated $1.15.
Missing the earnings estimate by 17.39% is significant and typically leads to negative investor sentiment in the short term. This miss could lead to a decrease in stock price as investors adjust their expectations based on the new earnings information.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100