IDACORP (IDA) Tops Q4 EPS by 17c; Provides FY20 EPS Mid-Point Guidance Below Consensus

IDACORP (NYSE: IDA) reported Q4 EPS of $0.93, $0.17 better than the analyst estimate of $0.76. Revenue for the quarter came in at $232.9 million versus the consensus estimate of $291.26 million.

"IDACORP continued its steady financial performance, achieving its twelfth straight year of growth in earnings per share," said Darrel Anderson, IDACORP's President and Chief Executive Officer. "The record fourth quarter and full-year results were driven by strong economic activity in Idaho Power's service area, along with solid performance across IDACORP's other subsidiaries. New customers continue to move into the service area, and this customer growth, along with effective cost management, again enabled Idaho Power to preserve tax credits to support future earnings.

"In addition to the unprecedented financial results, Idaho Power achieved its best ever employee safety record and its highest ever residential customer satisfaction score. Idaho Power also continued its strong performance in system reliability, only slightly behind 2018's record result," added Anderson.

GUIDANCE:

IDACORP sees FY2020 EPS of $4.45-$4.65, versus the consensus of $4.63.

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

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