Idacorp (NYSE:IDA) reported its Q1 earnings results on Thursday, May 5, 2022 at 06:30 AM.
Here's what investors need to know about the announcement.
Earnings
Idacorp missed estimated earnings by 1.09%, reporting an EPS of $0.91 versus an estimate of $0.92.
Revenue was up $28.23 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.12 which was followed by a 1.31% drop in the share price the next day.
Here's a look at Idacorp's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.53 | 1.99 | 1.21 | 0.81 |
| EPS Actual | 0.65 | 1.93 | 1.38 | 0.89 |
| Revenue Estimate | 264.04M | 392.03M | 315.47M | 312.47M |
| Revenue Actual | 335.01M | 446.94M | 360.07M | 316.05M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Idacorp management provided guidance for FY 2022, expecting earnings between $4.85 and $5.05 per share.
To track all earnings releases for Idacorp visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
