It has been about a month since the last earnings report for IdaCorp (IDA Quick QuoteIDA - Free Report) . Shares have added about 0.9% in that time frame, underperforming the S&P 500.

Will the recent positive trend continue leading up to its next earnings release, or is IdaCorp due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.

IDACORP Beats Q4 Earnings Estimates, Adds Customers

IDACORP, Inc.  delivered fourth-quarter 2018 operating earnings of 52 cents per share, which beat the Zacks Consensus Estimate of 48 cents by 8.3%. However, the figure fell 32.5% from 77 cents in the year-ago quarter.

In 2018, the company generated earnings of $4.49 per share compared with $4.21 in 2017.

The full year figure improved owing to consistent strong customer growth in Idaho Power’s service area along with constructive regulatory outcomes and a return to more normal irrigation sales.

Net income fell $12.8 million to $26.1 million in the fourth quarter of 2018, primarily due to lower net income at Idaho Power.

Guidance

Management guided 2019 EPS in the range of $4.30-$4.45, whose mid-point of $4.37 is lower than the current Zacks Consensus Estimate of $4.42.

The company expects operating and maintenance expenses related to Idaho Power for 2019 in the range of $350-$360 million.

How Have Estimates Been Moving Since Then?

Analysts were quiet during the last two month period as none of them issued any earnings estimate revisions.