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
Target Low Average Median High
Price $20 $24 $24 $28
Change +26.58% +51.90% +51.90% +77.22%

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 '23Nov '23Dec '23Jan '24Feb '24Mar '24
Strong Buy 222211
Buy 111122
Hold 000000
Sell 000000
Strong Sell 000000
Total 333333

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
More Analyst Ratings

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%
Year 2019202020212022202320242025
Revenue
86.94M118.99M103.90M125.59M128.35M149.48M185.96M
Revenue Growth
16.68%36.86%-12.68%20.87%2.20%16.46%24.40%
EPS
0.190.470.240.420.370.390.66
EPS Growth
-52.50%147.37%-48.94%75.00%-11.90%4.07%71.52%
No. Analysts -----66
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025
High 157.3M 201.8M
Avg 149.5M 186.0M
Low 140.1M 166.7M

Revenue Growth

Revenue Growth 20242025
High
22.5%
35.0%
Avg
16.5%
24.4%
Low
9.2%
11.5%

EPS Forecast

EPS 20242025
High 0.48 0.88
Avg 0.39 0.66
Low 0.27 0.52

EPS Growth

EPS Growth 20242025
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.