Idacorp (NYSE:IDA) reported its Q4 earnings results on Thursday, February 17, 2022 at 06:30 AM.
Here's what investors need to know about the announcement.
Earnings
Idacorp beat estimated earnings by 22.64%, reporting an EPS of $0.65 versus an estimate of $0.53.
Revenue was up $19.32 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.06, which was followed by a 0.1% increase in the share price the next day.
Here's a look at Idacorp's past performance:
| Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 |
|---|---|---|---|---|
| EPS Estimate | 1.99 | 1.21 | 0.81 | 0.67 |
| EPS Actual | 1.93 | 1.38 | 0.89 | 0.74 |
| Revenue Estimate | 392.03M | 315.47M | 312.47M | 284.65M |
| Revenue Actual | 446.94M | 360.07M | 316.05M | 315.69M |
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 their next quarter, expecting earnings between $4.85 and $5.05 per share for the next quarter.
This represents a 661.54% in quarter-over-quarter growth for Idacorp, a bullish signal to many investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
