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Is IDACORP (IDA) Stock Outpacing Its Utilities Peers This Year?
IDAIDACORP(IDA) ZACKS·2024-12-25 15:46

Group 1 - IdaCorp currently has a Zacks Rank of 2 (Buy), indicating a positive outlook for the stock [1][2] - The consensus EPS estimate for IdaCorp has increased by 0.4% over the past 90 days, reflecting improved analyst sentiment [6] - Year-to-date, IdaCorp has returned approximately 12.3%, outperforming the Utilities sector's average return of 11.4% [4] Group 2 - The Utilities sector, which includes IdaCorp, has a Zacks Sector Rank of 7 out of 16 groups, indicating a relatively strong position within the sector [8] - IdaCorp belongs to the Utility - Electric Power industry, which has gained about 15.3% year-to-date, although IdaCorp is slightly underperforming compared to this industry average [7] - Another stock in the Utilities sector, PG&E, has a year-to-date return of 12.2%, showing competitive performance within the sector [9]