IdaCorp (IDA) Expected to Beat Earnings Estimates: Should You Buy?

IdaCorp (IDA) is set to report its Q2 2025 earnings on July 31, with consensus estimates projecting flat EPS at $1.71 and a 0.5% revenue increase to $453.36 million. Bolstered by a positive Zacks Earnings ESP of +2.34% and a Zacks Rank #3, the utility company is highly likely to surpass its consensus EPS estimate, which could serve as a near-term catalyst for its stock, aligning with its history of beating expectations in three of the last four quarters.

Analysis

IdaCorp (IDA) is positioned for a probable earnings per share (EPS) beat in its upcoming quarterly report for June 2025, scheduled for release on July 31. This expectation is primarily based on quantitative indicators rather than fundamental estimate revisions. The consensus outlook projects flat year-over-year earnings at $1.71 per share on revenues of $453.36 million, a marginal increase of 0.5%. The key bullish signal is a positive Zacks Earnings ESP (Expected Surprise Prediction) of +2.34%, indicating that the most recent analyst estimates are higher than the consensus. When combined with the stock's current Zacks Rank of #3 (Hold), this model suggests a nearly 70% probability of an earnings surprise. This is further substantiated by IdaCorp's track record of exceeding consensus EPS estimates in three of the last four quarters, including a 6.80% beat in its most recent report. However, the flat consensus EPS estimate over the last 30 days and the minimal top-line growth forecast point to a stable, not expansionary, operating environment. The stock's ultimate reaction will be contingent not only on the headline numbers but also on management's forward-looking guidance and discussion of business conditions.

Key Decisions for Investors

• Given the high statistical probability of an EPS beat based on the positive Earnings ESP and favorable Zacks Rank, investors could consider the potential for a short-term positive price movement following the July 31 report.
• Investors should look beyond a potential headline beat and scrutinize management's forward guidance, as the underlying consensus forecast for flat earnings and minimal 0.5% revenue growth suggests a lack of strong organic momentum.
• Considering the company's history of beating estimates, existing holders may find it reasonable to maintain their positions through the earnings event, while cautious new investors might wait for clarity from the earnings call before committing capital.