Published on 30 May 2024 on Zacks via Yahoo Finance
Reasons to Add IDACORP (IDA) to Your Portfolio Right Now
IDACORP Inc.’s IDA planned investments are expected to strengthen its infrastructure, which should help boost performance. The company’s cost management and focus on producing more electricity from clean sources act as tailwinds. Given its growth opportunities, IDA makes for a solid investment option in the utility sector.Let’s explore the factors that make this Zacks Rank #2 (Buy) company a strong investment pick at the moment.
Growth Projections & Surprise History
The Zacks Consensus Estimate for IDACORP’s 2024 earnings per share (EPS) has increased 0.6% to $5.35 in the past 30 days.The Zacks Consensus Estimate for 2024 sales is pinned at $1.79 billion, indicating a year-over-year increase of 1.1%.The company delivered an average earnings surprise of 6.8% in the last four quarters.