IDA Earnings Prediction
The chart below shows how IDA performed 10 days before and after its earnings report, based on data from the past quarters. Typically, IDA sees a -1.55% change in stock price 10 days leading up to the earnings, and a +0.90% change 10 days following the report. On the earnings day itself, the stock moves by +1.14%. This data can give you a slight idea of what to expect for the next quarter's release.
IDA Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
528.53M
3.45%
17.18%
Gross Margin
53.75%
11.86%
-12.87%
Operating Margin
25.30%
2.35%
10.48%
Net Margin
21.54%
4.16%
8.13%
EPS
2.12
2.42%
23.98%
No Data Available
IDA Earnings Analysis
IDACORP, Inc. Corporation (IDA.N) Earnings Conference Call
Positive
Earnings Per Share Growth: IDACORP's third quarter 2024 diluted earnings per share were $2.12 compared to $2.07 for last year's third quarter, reflecting a positive year-over-year growth.
Earnings Per Share Increase: Earnings per diluted share for the first nine months of this year were $4.82, up from $4.53 for the same period last year, indicating strong financial performance.
Earnings Guidance Increase: The company increased the lower end of its full-year 2024 earnings guidance to a range of $5.35 to $5.45 per diluted share, showcasing confidence in future earnings.
Customer Base Expansion: IDACORP's customer base grew by 2.6% since last year's third quarter, including a 2.9% increase in residential customers, demonstrating robust customer growth.
Retail Sales Growth Forecast: The preliminary five-year forecast for retail sales growth is now 7.7% annually, an increase from the previous 5.5% growth rate, indicating strong demand for energy.
Negative
Rising Operational Costs: 1. Increased Operating Expenses: Total other O&M expenses rose by $20.3 million in Q3, driven by $4 million in pension-related expenses and $6 million in wildfire mitigation costs, indicating rising operational costs that could pressure margins.
Capital Expenditure Surge: 2. Significant Capital Expenditure Increase: IDACORP's total CapEx forecast increased by 46% to $1.8 billion, reflecting substantial investments needed to meet growing customer demand, which may strain financial resources.
Regulatory Lag Effects: 3. Regulatory Lag Impact: The company anticipates ongoing regulatory lag affecting earnings, suggesting that customer growth alone may not suffice to cover increased depreciation and interest expenses, potentially leading to lower earnings in the near term.
Debt Financing Projections: 4. Debt Financing Needs: IDACORP estimates needing approximately $2 billion in debt financing from 2025 to 2028, which could increase financial leverage and impact credit metrics amid rising interest rates.
Irrigation Sales Challenges: 5. Lower Irrigation Sales Growth: Despite extreme weather conditions, irrigation sales only increased by 3.4%, indicating potential challenges in agricultural demand that could affect overall revenue growth.
IDA FAQs
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IDA Earning Call Sentiment
IDACORP, Inc (IDA) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
IDA.N
-0.46%Positive
The earnings call reflects positive financial performance with EPS and net income growth, increased cash flow, and raised guidance. There are strategic investments in infrastructure and renewable energy, alongside regulatory rate increases. The Q&A indicates a focus on growth, with potential for double-digit earnings growth and a positive trajectory for tax credit usage. Despite some unclear responses, the overall sentiment is positive, with a raised earnings guidance and substantial capital projects. Given the market cap, a positive stock price movement of 2% to 8% is expected over the next two weeks.
