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Idacorp IDA reported its Q2 earnings results on Thursday, August 4, 2022 at 06:30 AM.
Here’s what investors need to know about the announcement.
Earnings
Idacorp missed estimated earnings by 3.05%, reporting an EPS of $1.27 versus an estimate of $1.31.
Revenue was down $1.35 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.01 which was followed by a 1.05% increase in the share price the next day.
Here’s a look at Idacorp’s past performance:
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.92 | 0.53 | 1.99 | 1.21 |
| EPS Actual | 0.91 | 0.65 | 1.93 | 1.38 |
| Revenue Estimate | 306.55M | 264.04M | 392.03M | 315.47M |
| Revenue Actual | 344.29M | 335.01M | 446.94M | 360.07M |
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 2022, expecting earnings between $4.95 and $5.05 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.
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