Energy Recovery, Inc. (ERII)
NASDAQ: ERII · IEX Real-Time Price · USD
15.80
+0.65 (4.29%)
Mar 27, 2024, 4:00 PM EDT - 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 24, with a low estimate of 20 and a high estimate of 28. The average target predicts an increase of 51.90% 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 | Oct '23 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 |
---|---|---|---|---|---|---|
Strong Buy | 2 | 2 | 2 | 2 | 1 | 1 |
Buy | 1 | 1 | 1 | 1 | 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 | 3 |
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 | +51.90% | Feb 28, 2024 |
Raymond James | Raymond James | Buy Maintains $30 → $20 | Buy | Maintains | $30 → $20 | +26.58% | Nov 2, 2023 |
Raymond James | Raymond James | Buy Maintains $32 → $30 | Buy | Maintains | $32 → $30 | +89.87% | Oct 3, 2023 |
Raymond James | Raymond James | Buy Maintains $31 → $32 | Buy | Maintains | $31 → $32 | +102.53% | Aug 3, 2023 |
Raymond James | Raymond James | Buy Maintains $26 → $31 | Buy | Maintains | $26 → $31 | +96.20% | Jul 12, 2023 |
Financial Forecast
Revenue This Year
149.48M
from 128.35M
Increased by 16.46%
Revenue Next Year
185.96M
from 149.48M
Increased by 24.40%
EPS This Year
0.39
from 0.37
Increased by 4.07%
EPS Next Year
0.66
from 0.39
Increased by 71.52%
Revenue Forecast
Revenue | 2024 | 2025 |
---|---|---|
High | 157.3M | 201.8M |
Avg | 149.5M | 186.0M |
Low | 140.1M | 166.7M |
Revenue Growth
Revenue Growth | 2024 | 2025 |
---|---|---|
High | 22.5% | 35.0% |
Avg | 16.5% | 24.4% |
Low | 9.2% | 11.5% |
EPS Forecast
EPS | 2024 | 2025 |
---|---|---|
High | 0.48 | 0.88 |
Avg | 0.39 | 0.66 |
Low | 0.27 | 0.52 |
EPS Growth
EPS Growth | 2024 | 2025 |
---|---|---|
High | 30.5% | 129.1% |
Avg | 4.1% | 71.5% |
Low | -25.8% | 34.9% |
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.