IDACORP (IDA) Q1 Earnings Miss the Mark Despite Revenue Surge: A Deep Dive into the Coin’s Financial Performance

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IDACORP, Inc. (IDA) reported first-quarter 2024 earnings of 95 cents per share, falling short of the Zacks Consensus Estimate by 6.9%.

The company's total revenues for the quarter were $449 million, surpassing the Zacks Consensus Estimate of $441 million by 1.7%.

Despite the revenue increase, IDACORP's net income decreased 14.1% year over year to $48.2 million in the first quarter of 2024.

IDACORP, Inc. reports a decrease in net income despite surpassing revenue estimates in the first quarter of 2024. The company reaffirms its 2024 earnings guidance in the range of $5.25-$5.45 per share.

Q1 2024 Earnings Report

IDACORP, Inc. reported first-quarter 2024 earnings of 95 cents per share, which lagged the Zacks Consensus Estimate by 6.9%. This figure is a decrease from the company's earnings of $1.11 per share in the year-ago quarter.

Total Revenues

IDACORP's total revenues for the quarter were $449 million, surpassing the Zacks Consensus Estimate of $441 million by 1.7%. This represents a 4.4% increase from the year-ago quarter. Read the full article for FREE at COINOTAG!

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