IDACORP (IDA) Tops Q1 EPS by 13c; Affirms FY19 EPS Mid-Point Guidance Below Consensus

IDACORP (NYSE: IDA) reported Q1 EPS of $0.84, $0.13 better than the analyst estimate of $0.71.

"We continue to see strong customer growth in our service area, increasing 2.4 percent over the past twelve months," said IDACORP President and Chief Executive Officer Darrel Anderson.

"Idaho's business-friendly environment and Idaho Power's low energy rates are attracting customers to locate or expand in our service area. This growth, combined with higher energy sales from a comparatively cold winter and increased transmission wheeling-related revenue, led to a strong start to 2019. We no longer expect to use additional accumulated deferred investment tax credits under our Idaho regulatory stipulation," concluded Anderson.

GUIDANCE:

IDACORP sees FY2019 EPS of $4.30-$4.45, versus the consensus of $4.45.

For earnings history and earnings-related data on IDACORP (IDA) click here.

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