IDACORP reported Q2 EPS of $1.71, exceeding consensus estimate by $0.34, and raised revenue to $451.04M.
IDACORP reported a better-than-expected Q2 EPS of $1.71, exceeding the consensus estimate of $1.37 by $0.34, alongside higher revenue of $451.04M. The company's shares reached a new 52-week high and declared a quarterly dividend of $0.83 per share. Analysts at Mizuho and Wells Fargo raised their price objectives for the company. IDACORP operates 17 hydropower plants, three natural gas-fired plants, and has interests in two coal-fired steam electric generating plants, with a market cap of $5.54B and a PE ratio of 20.91.
August 03, 2024
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