Energy Recovery, Inc. (ERII)
NASDAQ: ERII · IEX Real-Time Price · USD
12.79
+0.09 (0.71%)
Jul 2, 2024, 4:00 PM EDT - Market closed
Energy Recovery Stock Forecast
Stock Price Forecast
The 2 analysts with 12-month price forecasts for Energy Recovery stock have an average target of 22, with a low estimate of 20 and a high estimate of 24. The average target predicts an increase of 72.01% from the current stock price of 12.79.
Analyst Consensus: Buy
* Price targets were last updated on Feb 28, 2024.
Analyst Ratings
The average analyst rating for ERII stock from 2 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 1 | 1 | 1 | 1 | 0 |
| Buy | 1 | 2 | 2 | 2 | 2 | 2 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3 | 3 | 3 | 3 | 3 | 2 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Evercore ISI Group | Evercore ISI Group | Buy Maintains $26 → $24 | Buy | Maintains | $26 → $24 | +87.65% | Feb 28, 2024 |
| Raymond James | Raymond James | Buy Maintains $30 → $20 | Buy | Maintains | $30 → $20 | +56.37% | Nov 2, 2023 |
| Raymond James | Raymond James | Buy Maintains $32 → $30 | Buy | Maintains | $32 → $30 | +134.56% | Oct 3, 2023 |
| Raymond James | Raymond James | Buy Maintains $31 → $32 | Buy | Maintains | $31 → $32 | +150.20% | Aug 3, 2023 |
| Raymond James | Raymond James | Buy Maintains $26 → $31 | Buy | Maintains | $26 → $31 | +142.38% | Jul 12, 2023 |
Financial Forecast
Revenue This Year
148.43M
from 128.35M
Increased by 15.65%
Revenue Next Year
178.83M
from 148.43M
Increased by 20.48%
EPS This Year
0.32
from 0.37
Decreased by -13.16%
EPS Next Year
0.59
from 0.32
Increased by 84.92%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 156.5M | 191.1M | 227.9M |
| Avg | 148.4M | 178.8M | 221.3M |
| Low | 139.2M | 166.7M | 212.7M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 21.9% | 28.7% | 27.4% |
| Avg | 15.6% | 20.5% | 23.8% |
| Low | 8.4% | 12.3% | 18.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 0.42 | 0.68 | 0.74 |
| Avg | 0.32 | 0.59 | 0.71 |
| Low | 0.21 | 0.48 | 0.69 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 13.5% | 112.4% | 23.7% |
| Avg | -13.2% | 84.9% | 20.2% |
| Low | -44.4% | 49.5% | 15.5% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.