IDACORP Third Quarter 2022 Earnings: Beats Expectations
IDACORP (NYSE:IDA) Third Quarter 2022 Results
Key Financial Results
Revenue: US$518.0m (up 16% from 3Q 2021).
Net income: US$106.4m (up 8.7% from 3Q 2021).
Profit margin: 21% (down from 22% in 3Q 2021). The decrease in margin was driven by higher expenses.
EPS: US$2.10 (up from US$1.93 in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
IDACORP Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 22%. Earnings per share (EPS) also surpassed analyst estimates by 2.6%.
Looking ahead, revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Electric Utilities industry in the US.
Performance of the American Electric Utilities industry.
The company's shares are down 1.2% from a week ago.
You should learn about the 2 warning signs we've spotted with IDACORP (including 1 which is a bit concerning).
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Join A Paid User Research Session
You’ll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. Sign up here