Energy Recovery, Inc. (ERII)
NASDAQ: ERII · Real-Time Price · USD
15.80
+0.17 (1.09%)
Nov 22, 2024, 4:00 PM EST - Market closed
Energy Recovery Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for Energy Recovery stock have an average target of 20.33, with a low estimate of 20 and a high estimate of 21. The average target predicts an increase of 28.67% from the current stock price of 15.80.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for ERII stock from 3 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 2 |
| Buy | 2 | 1 | 1 | 1 | 1 | 1 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3 | 2 | 2 | 2 | 2 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| B. Riley Securities | B. Riley Securities | Strong Buy Maintains $22 → $20 | Strong Buy | Maintains | $22 → $20 | +26.58% | Nov 19, 2024 |
| Evercore ISI Group | Evercore ISI Group | Buy Maintains $23 → $20 | Buy | Maintains | $23 → $20 | +26.58% | Nov 19, 2024 |
| Raymond James | Raymond James | Buy → Strong Buy Upgrades $21 | Buy → Strong Buy | Upgrades | $21 | +32.91% | Jul 9, 2024 |
| Evercore ISI Group | Evercore ISI Group | Buy Maintains $26 → $24 | Buy | Maintains | $26 → $24 | +51.90% | Feb 28, 2024 |
| Raymond James | Raymond James | Buy Maintains $30 → $20 | Buy | Maintains | $30 → $20 | +26.58% | Nov 2, 2023 |
Financial Forecast
Revenue This Year
149.67M
from 128.35M
Increased by 16.61%
Revenue Next Year
176.73M
from 149.67M
Increased by 18.08%
EPS This Year
0.36
from 0.37
Decreased by -1.45%
EPS Next Year
0.57
from 0.36
Increased by 55.24%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 155.9M | 184.8M | 237.3M |
| Avg | 149.7M | 176.7M | 228.0M |
| Low | 142.1M | 166.7M | 216.6M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 21.5% | 23.5% | 34.3% |
| Avg | 16.6% | 18.1% | 29.0% |
| Low | 10.7% | 11.4% | 22.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 0.46 | 0.63 | 0.89 |
| Avg | 0.36 | 0.57 | 0.81 |
| Low | 0.26 | 0.48 | 0.72 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 24.9% | 72.8% | 57.7% |
| Avg | -1.4% | 55.2% | 42.3% |
| Low | -28.5% | 31.7% | 26.4% |
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.