Recap: Idacorp Q3 Earnings

Idacorp IDA reported its Q3 earnings results on Thursday, November 3, 2022 at 06:30 AM.

Here's what investors need to know about the announcement.

Idacorp beat estimated earnings by 5.0%, reporting an EPS of $2.1 versus an estimate of $2.0.

Revenue was up $71.07 million from the same period last year.

Last quarter the company missed on EPS by $0.04 which was followed by a 0.99% drop in the share price the next day.

Here's a look at Idacorp's past performance:

Quarter	Q2 2022	Q1 2022	Q4 2021	Q3 2021
EPS Estimate	1.31	0.92	0.53	1.99
EPS Actual	1.27	0.91	0.65	1.93
Revenue Estimate	344.19M	306.55M	264.04M	392.03M
Revenue Actual	358.72M	344.29M	335.01M	446.94M

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 FY 2022, expecting earnings between $5.05 and $5.15 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.