Idacorp (NYSE:IDA) reported its Q1 earnings results on Thursday, May 4, 2023 at 06:30 AM.
Here’s what investors need to know about the announcement.
Earnings
Idacorp beat estimated earnings by 20.65%, reporting an EPS of $1.11 versus an estimate of $0.92.
Revenue was up $85.37 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.01 which was followed by a 1.96% increase in the share price the next day.
Here’s a look at Idacorp’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.82 | 2 | 1.31 | 0.92 |
| EPS Actual | 0.83 | 2.1 | 1.27 | 0.91 |
| Revenue Estimate | 284.82M | 423.27M | 344.19M | 306.55M |
| Revenue Actual | 422.96M | 518.01M | 358.72M | 344.29M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Idacorp management provided guidance for FY 2023, expecting earnings between $4.95 and $5.15 per share.
To track all earnings releases for Idacorp visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
