IDACORP Inc. (NYSE: IDA) has reported earnings for its second fiscal quarter (ending June 30) of $1.72 versus $1.35 for the same period a year ago. E.P.S. were $5.38 for the latest four quarters through June 30 versus $5.39 for the same period a year ago.
Recent Price Action
IDACORP Inc. (NYSE: IDA) stock enjoyed a large increase of 4.7% on 8/1/24. The stock closed at $102.31. Moreover, this advance was accompanied by unusually high trading volume at 176% of normal. Relative to the market the stock has been weak over the last nine months but has risen 6.1% during the last week.
Current PriceTarget Research Rating
IDA’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
IDACORP has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. IDACORP has a slightly positive Appreciation Score of 60 but a slightly negative Power Rating of 39, resulting in 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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