Will IdaCorp (IDA) Beat Estimates Again in Its Next Earnings Report?

Core Viewpoint - IdaCorp (IDA) is a utility company in the Electric Power industry that has consistently beaten earnings estimates and is well-positioned for future earnings surprises [1][5]. Earnings Performance - For the last reported quarter, IdaCorp achieved earnings of $1.1 per share, exceeding the Zacks Consensus Estimate of $1.03 per share, resulting in a surprise of 6.80% [2]. - In the previous quarter, the company was expected to post earnings of $0.63 per share but delivered $0.7 per share, leading to a surprise of 11.11% [2]. Earnings Estimates and Predictions - There has been a favorable change in earnings estimates for IdaCorp, with a positive Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat [5][8]. - The current Earnings ESP for IdaCorp is +2.34%, suggesting that analysts have recently become more optimistic about the company's earnings prospects [8]. Zacks Rank and Success Rate - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a high probability of another earnings beat, with historical data indicating that stocks with this combination beat consensus estimates nearly 70% of the time [6][8]. - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [7].