IDACORP Guides FY23 EPS In Line With View; Q4 Earnings Top Estimates

RTTNews | 969 days ago
Stocktwits
IDACORP Guides FY23 EPS In Line With View; Q4 Earnings Top Estimates

(RTTNews) - While reporting financial results for the fourth quarter on Thursday, electric utility IDACORP, Inc. (IDA) initiated earnings guidance for the full year 2023, in line with estimates.

For fiscal 2023, the company continues to project earnings in a range of $4.95 to $5.15 per share. On average, five analysts polled by Thomson Reuters expect the company to report earnings of $5.14 per share for the year. Analysts' estimates typically exclude special items.

The company is assuming that Idaho Power will use approximately $15 million of additional tax credits available under its Idaho earnings support regulatory mechanism in 2023. The earnings guidance also assumes normal weather conditions throughout the year. For the first quarter, the company reported net income attributable to IDACORP of $42.05 million or $0.83 per share, higher than $32.80 million or $0.65 per share in the prior-year quarter. The Street was looking for earnings of $0.82 per share for the quarter.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Tags: IDA
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European Economic News Preview: Germany Wholesale Price Data Due

European Economic News Preview: Germany Wholesale Price Data Due

Wholesale price data from Germany is the only major report due on Monday, headlining a light day for the European economic news. At 2.00 am ET, Germany's statistical office Destatis releases wholesale prices for September. Economists expect wholesale prices to rise 0.2 percent on a monthly basis, in contrast to the 0.6 percent fall in August.
RTTNews | 1h 39min ago
Sensex, Nifty Open Lower On Weak Global Cues

Sensex, Nifty Open Lower On Weak Global Cues

Indian shares were moving lower on Monday, tracking weak cues from global markets as signs of escalation of the trade war between U.S. and China sapped investors' appetite for riskier assets.
RTTNews | 2h 14min ago
Australian Market Maintains Early Losses In Mid-market

Australian Market Maintains Early Losses In Mid-market

The Australian stock market is maintaining its early losses in mid-market trading on Monday, adding to the slight losses in the previous session, following the broadly negative cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling to the 8,900.00 level, with weakness across most sectors led by energy and technology stocks. Gold was the only bright spot.
RTTNews | 3h 6min ago
Asian Markets A Sea Of Red

Asian Markets A Sea Of Red

Asian stock markets are a sea of red on Monday, following the broadly negative cues from Wall Street on Friday, amid renewed U.S.-China trade war after US President Donald Trump threatened to massively increase tariffs on China in retaliation for China's expansive export curbs on its rare earth minerals, which are essential for manufacturing and technology.
RTTNews | 3h 41min ago
Indonesia Shares Likely To Open Under Water On Monday

Indonesia Shares Likely To Open Under Water On Monday

The Indonesia stock market has moved higher in two straight sessions, collecting more than 90 points or 1.1 percent along the way. Now at a fresh record closing high, the Jakarta Composite Index sits just beneath the 8,260-point plateau although it's overdue for profit taking on Monday.
RTTNews | 5h 12min ago
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