IDACORP Inc. (NYSE: IDA) has reported E.P.S. of $2.13 for its third fiscal quarter (ending September 30) versus $2.08 for the same period a year ago — an increase of 2%. E.P.S. were $5.44 for the latest four quarters through September 30 versus $5.36 for the same period a year ago — an increase of 1%.
Recent Price Action
IDACORP Inc. (NYSE: IDA) stock increased 1.3% on 10/31/24. The shares closed at $103.48. Moreover, unusually high trading volume at 194% of normal accompanied the advance. The stock has declined -1.4% during the last week but has been strong relative to the market over the last nine months.
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 B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. IDACORP has a neutral Appreciation Score of 58 but a good Power Rating of 78, producing the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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