Here's Why IdaCorp (IDA) is a Strong Momentum Stock

Core Insights - Zacks Premium provides various tools for investors to enhance their stock market strategies and confidence [1][2] Zacks Style Scores - Zacks Style Scores rate stocks based on value, growth, and momentum, serving as complementary indicators to the Zacks Rank [3][4] - Each stock receives an alphabetic rating from A to F, with A indicating the highest potential for outperforming the market [4] Categories of Style Scores - Value Score: Focuses on identifying undervalued stocks using financial ratios like P/E and Price/Cash Flow [5] - Growth Score: Evaluates a company's financial health and future growth potential through earnings and sales projections [6] - Momentum Score: Targets stocks with upward or downward price trends, utilizing recent price changes and earnings estimate shifts [7] - VGM Score: A composite score that combines all three Style Scores, providing a comprehensive assessment of stocks [8] Zacks Rank - The Zacks Rank is a proprietary model based on earnings estimate revisions, helping investors build successful portfolios [9] - Stocks rated 1 (Strong Buy) have historically produced an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [10] Stock to Watch: IDACORP, Inc. - IDACORP, Inc. is a regulated utility company serving 633,000 retail customers in southern Idaho and eastern Oregon [15] - Currently rated 3 (Hold) with a VGM Score of B, IDA has a Momentum Style Score of A and has seen a 14.2% increase in shares over the past four weeks [16] - Recent upward revisions in earnings estimates for fiscal 2024 have increased the Zacks Consensus Estimate to $5.41 per share, with an average earnings surprise of 4.3% [16][17]