Idacorp (IDA)

NYSEUtilitiesRegulated ElectricSnapshot 2026-10-23

$140.68-0.97%

Close 2026-10-23 · 1-day change

Investment OutlookAs of Oct 24, 2026

What could strengthen or challenge Idacorp’s outlook?

The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.

Higher potential upsideImproving expectations

Next-FY EPS estimate change · 30 days

+0.1%

+10% or more+5%0%−5%−10% or less

6.94 → 6.95 EPS · FY ending Dec 31, 2027 · 6 analysts

Higher risk of downsideWeakening expectations

One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.

How this is measured

Change in the same fiscal period’s mean EPS estimate from Sep 24, 2026 to Oct 24, 2026: (new ÷ prior − 1). Contributor count changed from 6 to 6; this is not the number of analysts revising. Source: FMP consensus snapshots. The ±10% axis is a display range.

Measure / period	Management expectations	Analyst expectations
Quarter ending 2026-12-30
Revenue	—	610.02M
EPS	—	0.915
Annual ending 2026-12-31
Revenue	—	2B
EPS	—	6.391
Annual ending 2027-12-31
Revenue	—	2.19B
EPS	—	6.953

Management figures unavailable.

What the Thesis Depends On

Three published thesis conditions, with dated milestones shown separately.

Key Factor	Why It Matters	Current Status	Break Condition	Latest Evidence
Maintain EPS guidance of $6.25 to $6.45 for 2026	Idacorp keeps steady earnings with EPS guidance of $6.25 to $6.45 for 2026.	Intact	EPS falls below $6.25 or above $6.45 in FY26	Diluted EPS: $1.79 per share FY2026-Q2; GAAP. Published target: EPS between $6.25 and $6.45. Target period is not explicitly aligned with this observation. Source published Jul 30, 20261.79 USD/share · source valueSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: company_financial_results. Reference: f652eb7b-6d79-45fa-9909-d019c0ea277c. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
Maintain profit margins near current levels	Profit margins remain stable with a PE near peers.	Intact	Profit margin falls significantly below mid-teens percentage	Operating margin: 27.87% FY2026-Q2; GAAP. Published target: Profit margin near current mid-teens percentage. Target percentage unit is not explicit. Source published Jul 30, 202627.870582 percent · calculatedSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: company_financial_results. Reference: f652eb7b-6d79-45fa-9909-d019c0ea277c. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
Growth from strategic investments and customer base expansion	The company benefits from strategic investments and customer growth.	Intact	Customer growth stalls or strategic investments fail to generate returns	EPS guidance $6.25-$6.45 vs target positive growth IDACORP raised 2026 EPS guidance to $6.25-$6.45, citing large contract customer ramp and a 100% capex increase. Context reviewed through Oct 23, 2026Last status assessment Oct 24, 2026Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.

Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.

Incoming Evidence

Compare these dated observations with the operating requirements above

Expectations trend

Same fiscal period

FY2027 · fiscal year ending 2027-12-31 · fmp

FY2027 EPS$6.95

$6.96 → $6.95 · observed estimates

FY2027 revenue$2.19B

$2.16B → $2.19B · observed estimates

Exact estimates & source dates

One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.

FY2027 estimate observations · fmp
Snapshot	EPS	Revenue	EPS / revenue analysts
2026-07-24	$6.96	$2,159,909,410	9 / 8
2026-07-25	$6.95	$2,150,633,657	6 / 6
2026-07-26	$6.96	$2,159,909,410	9 / 8
2026-07-27	$6.96	$2,154,039,328	6 / 6
2026-07-28	$6.96	$2,159,909,410	9 / 8
2026-07-29	$6.96	$2,159,909,410	9 / 8
2026-07-30	$6.96	$2,159,909,410	9 / 8
2026-07-31	$6.95	$2,183,290,880	10 / 9
2026-08-01	$6.96	$2,181,077,238	7 / 6
2026-08-02	$6.95	$2,180,401,990	10 / 9
2026-08-03	$6.95	$2,180,401,990	10 / 9
2026-08-04	$6.95	$2,180,401,990	10 / 9
2026-08-05	$6.96	$2,180,419,770	10 / 9
2026-08-06	$6.96	$2,177,827,238	7 / 6
2026-08-07	$6.96	$2,177,827,238	7 / 6
2026-08-08	$6.96	$2,180,419,770	10 / 9
2026-08-09	$6.96	$2,180,419,770	10 / 9
2026-08-10	$6.96	$2,177,827,238	7 / 6
2026-08-12	$6.96	$2,180,419,770	10 / 9
2026-08-13	$6.96	$2,177,827,238	7 / 6
2026-08-14	$6.96	$2,177,827,238	7 / 6
2026-08-15	$6.96	$2,177,827,238	7 / 6
2026-08-16	$6.96	$2,177,827,238	7 / 6
2026-08-17	$6.96	$2,177,827,238	7 / 6
2026-08-18	$6.96	$2,177,827,238	6 / 6
2026-08-19	$6.96	$2,177,827,238	6 / 6
2026-08-20	$6.95	$2,187,721,353	6 / 6
2026-08-21	$6.95	$2,187,721,353	6 / 6
2026-08-22	$6.95	$2,187,721,353	6 / 6
2026-08-23	$6.95	$2,187,721,353	6 / 6
2026-08-24	$6.95	$2,187,721,353	6 / 6
2026-08-25	$6.95	$2,187,721,353	6 / 6
2026-08-26	$6.95	$2,187,721,353	6 / 6
2026-08-27	$6.95	$2,187,721,353	6 / 6
2026-08-28	$6.95	$2,187,721,353	6 / 6
2026-08-29	$6.95	$2,187,721,353	6 / 6
2026-08-30	$6.95	$2,187,721,353	6 / 6
2026-08-31	$6.95	$2,187,721,353	6 / 6
2026-09-01	$6.95	$2,187,721,353	6 / 6
2026-09-02	$6.95	$2,187,721,353	6 / 6
2026-09-03	$6.95	$2,187,721,353	6 / 6
2026-09-04	$6.95	$2,187,721,353	6 / 6
2026-09-05	$6.95	$2,187,721,353	6 / 6
2026-09-06	$6.95	$2,187,721,353	6 / 6
2026-09-07	$6.95	$2,187,721,353	6 / 6
2026-09-08	$6.95	$2,187,721,353	6 / 6
2026-09-09	$6.95	$2,187,721,353	6 / 6
2026-09-10	$6.95	$2,187,721,353	6 / 6
2026-09-11	$6.95	$2,187,721,353	6 / 6
2026-09-12	$6.95	$2,187,721,353	6 / 6
2026-09-13	$6.95	$2,187,721,353	6 / 6
2026-09-14	$6.95	$2,187,721,353	6 / 6
2026-09-15	$6.95	$2,187,721,353	6 / 6
2026-09-16	$6.95	$2,187,721,353	6 / 6
2026-09-17	$6.95	$2,187,721,353	6 / 6
2026-09-18	$6.95	$2,187,721,353	6 / 6
2026-09-19	$6.95	$2,187,721,353	6 / 6
2026-09-20	$6.94	$2,187,721,353	6 / 6
2026-09-21	$6.94	$2,187,721,353	6 / 6
2026-09-22	$6.94	$2,187,721,353	6 / 6
2026-09-23	$6.94	$2,187,721,353	6 / 6
2026-09-24	$6.94	$2,187,721,353	6 / 6
2026-09-25	$6.94	$2,187,721,353	6 / 6
2026-09-26	$6.94	$2,187,721,353	6 / 6
2026-09-27	$6.94	$2,187,721,353	6 / 6
2026-09-28	$6.94	$2,187,721,353	6 / 6
2026-09-29	$6.94	$2,187,721,353	6 / 6
2026-09-30	$6.94	$2,187,721,353	6 / 6
2026-10-01	$6.94	$2,187,721,353	6 / 6
2026-10-02	$6.94	$2,187,721,353	6 / 6
2026-10-03	$6.94	$2,187,721,353	6 / 6
2026-10-04	$6.94	$2,187,721,353	6 / 6
2026-10-05	$6.94	$2,187,721,353	6 / 6
2026-10-06	$6.94	$2,187,721,353	6 / 6
2026-10-07	$6.94	$2,187,721,353	6 / 6
2026-10-08	$6.94	$2,187,721,353	6 / 6
2026-10-09	$6.94	$2,187,721,353	6 / 6
2026-10-10	$6.94	$2,187,721,353	6 / 6
2026-10-11	$6.94	$2,187,721,353	6 / 6
2026-10-12	$6.94	$2,187,721,353	6 / 6
2026-10-13	$6.94	$2,187,721,353	6 / 6
2026-10-14	$6.94	$2,187,721,353	6 / 6
2026-10-15	$6.94	$2,187,721,353	6 / 6
2026-10-16	$6.94	$2,187,721,353	6 / 6
2026-10-17	$6.94	$2,187,721,353	6 / 6
2026-10-18	$6.94	$2,187,721,353	6 / 6
2026-10-19	$6.94	$2,187,721,353	6 / 6
2026-10-20	$6.94	$2,187,721,353	6 / 6
2026-10-21	$6.94	$2,187,721,353	6 / 6
2026-10-22	$6.94	$2,186,019,310	6 / 6
2026-10-23	$6.95	$2,186,019,310	6 / 6
2026-10-24	$6.95	$2,186,019,310	6 / 6

Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.

Compare required revenue and earnings

Analyst view

Monthly observations

Buy / Strong BuyHoldSell / Strong Sell

Exact monthly counts

Monthly rating snapshots · fmp. Missing snapshots are not zero.
Date	Buy*	Hold	Sell*
2026-05-01	7	1	1
2026-06-01	7	2	1
2026-07-01	7	3	1
2026-08-01	7	3	0
2026-09-01	7	2	0
2026-10-01	7	2	0

*Buy includes Strong Buy; Sell includes Strong Sell. Monthly counts describe the analyst mix, not the firms behind each recent action.

Latest: 7 Buy / Strong Buy · 2 Hold · 0 Sell / Strong Sell

0 upgrades0 downgrades2 maintains

Recent actions · Sep 25–Oct 24 · 2 recorded

Price-target changes

30 days

○ Previous · ● Latest · common dollar scale

Morgan StanleyOct 21 · prior Sep 18

$143.00 → $144.00+0.7%

BTIGOct 20 · prior Jul 23

$160.00 → $153.00-4.4%

$0$88.00$176.00

1 raises · 1 cuts · 0 unchanged · 0 without a comparable prior

How this is measured

Sep 25, 2026–Oct 24, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.

Outlook in Brief

The evidence, the remaining questions, and what comes next

What's improving

No recovery evidence is reported in the available driver assessments.

Still unresolved / key risks

Maintain EPS guidance of $6.25 to $6.45 for 2026Diluted EPS: $1.79 per share
Maintain profit margins near current levelsOperating margin: 27.87%

Next proof point

Oct 29, 2026

Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.

Review earnings

Bottom line

2 of 3 published conditions remain under pressure or need verification. The next results need to address those conditions.

The dated weekly assessment and its assumptions are available in Read detailed Outlook.

Historical risk context

Observed price history; separate from operating scenarios

Price sensitivity

0.8%Typical daily move · historical

Downside history

-17.4%Maximum drawdown · trailing year

Read detailed Outlook Company context, assumptions & risks

Idacorp outlook in detail

The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.

Updated Oct 24, 2026

What kind of bet this is

IDA is a regulated utility with a relatively low-risk profile, where the multi-year view depends on steady earnings growth, customer expansion, and infrastructure investment. The thesis is intact, though its signal has recently shifted from mildly favorable to mixed.

What's priced into Idacorp

Valuation is tagged as justified and broadly aligned with the business outlook, with a modest premium versus peers. The expectations gap is slightly negative, suggesting expectations are a little ahead of the model’s view; there is no evidence of concentrated valuation fragility.

What the fundamentals likely do

Near term, recent earnings beats and management’s higher lower-end 2026 EPS guidance support the earnings trajectory, while the chance of a miss is assessed as low. Customer growth and rate increases have supported revenue, and planned 2026 capital spending is higher than in 2025; execution and the utility-sector headwind remain relevant.

What Idacorp hinges on

The multi-year thesis depends on management maintaining its 2026 guidance and converting customer growth, rate changes, and infrastructure investment into earnings progress. A guidance reversal would damage credibility, while interest-rate cuts or continued strength among major utility peers could improve the sector backdrop.