IDACORP Boosts FY24 EPS Outlook As Q2 Earnings Top Estimates

(RTTNews) - While reporting financial results for the second quarter on Thursday, electric utility IDACORP, Inc. (IDA) raised its earnings guidance for the full year 2024.

For fiscal 2024, the company now projects earnings in a range of $5.30 to $5.45 per share, up from the prior forecast range of $5.25 to $5.45 per share.

On average, five analysts polled by Thomson Reuters expect the company to report earnings of $5.39 per share for the year. Analysts' estimates typically exclude special items.

For the second quarter, the company reported net income attributable to IDACORP of $80.52 million or $1.71 per share, higher than $68.57 million or $1.35 per share in the prior-year quarter. The Street was looking for earnings of $1.37 per share for the quarter.

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