Empire State Realty Trust, Inc. (ESRT)
NYSE: ESRT · IEX Real-Time Price · USD
9.35
+0.07 (0.75%)
Jul 2, 2024, 4:00 PM EDT - Market closed
Empire State Realty Trust Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for ESRT stock have an average target of 8.33, with a low estimate of 7.00 and a high estimate of 9.00. The average target predicts a decrease of -10.91% from the current stock price of 9.35.
Analyst Consensus: Hold
* Price targets were last updated on Nov 27, 2023.
Analyst Ratings
The average analyst rating for ESRT stock from 3 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
---|---|---|---|---|---|---|
Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
Buy | 1 | 1 | 1 | 1 | 1 | 0 |
Hold | 2 | 2 | 2 | 2 | 2 | 2 |
Sell | 1 | 1 | 1 | 1 | 1 | 1 |
Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
Total | 4 | 4 | 4 | 4 | 4 | 3 |
Latest Forecasts
Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
---|---|---|---|---|---|---|---|
Evercore ISI Group | Evercore ISI Group | Buy → Hold Downgrades $9 | Buy → Hold | Downgrades | $9 | -3.74% | Nov 27, 2023 |
Wells Fargo | Wells Fargo | Sell Maintains $6 → $7 | Sell | Maintains | $6 → $7 | -25.13% | Aug 30, 2023 |
Evercore ISI Group | Evercore ISI Group | Buy Maintains $8 → $10 | Buy | Maintains | $8 → $10 | +6.95% | Aug 17, 2023 |
Citigroup | Citigroup | Hold Maintains $7.25 → $9 | Hold | Maintains | $7.25 → $9 | -3.74% | Aug 8, 2023 |
Citigroup | Citigroup | Hold Maintains $6.25 → $7.25 | Hold | Maintains | $6.25 → $7.25 | -22.46% | Jun 15, 2023 |
Financial Forecast
Revenue This Year
759.48M
from 739.57M
Increased by 2.69%
Revenue Next Year
776.27M
from 759.48M
Increased by 2.21%
EPS This Year
0.14
from 0.30
Decreased by -54.10%
EPS Next Year
0.13
from 0.14
Decreased by -7.41%
Revenue Forecast
Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | 808.5M | 848.3M | 810.9M | 822.5M | 841.8M |
Avg | 759.5M | 776.3M | 787.7M | 799.0M | 817.7M |
Low | 681.5M | 692.7M | 756.8M | 767.7M | 785.7M |
Revenue Growth
Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | 9.3% | 11.7% | 4.5% | 4.4% | 5.3% |
Avg | 2.7% | 2.2% | 1.5% | 1.4% | 2.3% |
Low | -7.9% | -8.8% | -2.5% | -2.5% | -1.7% |
EPS Forecast
EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | 0.18 | 0.18 | 0.08 | 0.08 | 0.08 |
Avg | 0.14 | 0.13 | 0.08 | 0.08 | 0.08 |
Low | 0.10 | 0.08 | 0.08 | 0.08 | 0.08 |
EPS Growth
EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | -40.5% | 29.6% | -34.1% | 2.9% | 2.9% |
Avg | -54.1% | -7.4% | -36.0% | - | - |
Low | -67.3% | -43.1% | -38.5% | -3.9% | -3.9% |
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.