For its third fiscal quarter (ending September 30), IDACORP Inc. (NYSE: IDA) has reported a -1% decline in E.P.S. from $2.10 a year ago to $2.08 in the current quarter. However, this performance was $0.15 better than the consensus estimate of $1.93. For the latest four quarters through September 30, E.P.S. were $5.36 compared to $4.92 a year ago — an increase of 9%.
Recent Price Action
IDACORP Inc. (NYSE: IDA) stock enjoyed a large increase of 3.0% on 11/2/23. The stock closed at $99.40. The stock has performed in line with the market over the last nine months and has risen 4.0% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, IDA is expected to continue to be a Value Builder.
IDACORP has a current Value Trend Rating of C (Neutral). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. IDACORP has a neutral Appreciation Score of 49 and a neutral Power Rating of 47, triggering the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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