Recap: Idacorp Q4 Earnings

Idacorp 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.

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.

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).

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.

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