IDACORP, Inc. (NYSE:IDA) is reporting third quarter financial results on Thursday 29th October 2020, before market open.
According to analysts surveyed by Thomson Reuters, IDA is expected to report 3Q20 income of $ 1.92 per share from revenue of $ 378.28 million.
For the full year, analysts anticipate top line of $ 1317.88 million, while looking forward to income of $ 4.58 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 4.45 ~ $ 4.65 per share
Click Here For More Historical Outlooks Of IDACORP, Inc.
Previous Quarter Performance
IDACORP, Inc. revealed income for the second quarter of $ 1.19 per share, from the revenue of $ 318.77 million. The quarterly earnings increased 13.33 percent compared with the same quarter last year. According to street consensus, IDA was expected to report 2Q20 income of $ 1.21 per share from revenue of $ 310.35 million. The bottom line results missed street analysts by $ 0.02 or 1.65 percent, at the same time, top line results outshined analysts by $ 8.42 million or 2.71 percent.
Stock Performance
Shares of IDACORP, Inc. traded low $ -2.33 or -2.56 percent on Wednesday, reaching $ 88.54 with volume of 489.20 thousand shares. IDACORP, Inc. has traded high as $ 90.83 and has cracked $ 88.42 on the downward trend
According to the previous trading day, closing price of $ 88.54, representing a 31.60 % increase from the 52 week low of $ 69.05 and a 19.99 % decrease over the 52 week high of $ 113.58.
The company has a market capital of $ 4.47 billion and is part of the Utilities sector and Utilities – Regulated Electric industry.
Conference Call
IDACORP, Inc. will be hosting a conference call at 4:30 PM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.idacorpinc.com
IDACORP, Inc., through its subsidiary, Idaho Power Company, engages in the generation, transmission, distribution, purchase, and sale of electric energy in the United States. The company operates 17 hydroelectric generating plants located in southern Idaho and eastern Oregon; 3 natural gas-fired plants in southern Idaho; and interests in 3 coal-fired steam electric generating plants located in Wyoming, Nevada, and Oregon. As of December 31, 2018, it also had approximately 4,816 pole-miles of high-voltage transmission lines; 24 step-up transmission substations located at power plants; 21 transmission substations; 9 switching stations; 32 mixed-use transmission and distribution substations; 183 energized distribution substations; and 27,569 pole-miles of distribution lines, as well as provides electric utility services to approximately 558,000 retail customers in southern Idaho and eastern Oregon.
