Empire State Realty Trust, Inc. (ESRT)
NYSE: ESRT · Real-Time Price · USD
10.87
+0.18 (1.64%)
Nov 5, 2024, 10:19 AM EST - Market open

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 10.33, with a low estimate of 9.00 and a high estimate of 12. The average target predicts a decrease of -4.92% from the current stock price of 10.87.

Analyst Consensus: Hold
Target Low Average Median High
Price $9.00 $10.33 $10 $12
Change -17.17% -4.92% -7.96% +10.45%
* Price targets were last updated on Sep 11, 2024.

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 May '24Jun '24Jul '24Aug '24Sep '24Oct '24
Strong Buy 000000
Buy 111111
Hold 222211
Sell 111111
Strong Sell 000000
Total 444433

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Wells Fargo
Wells Fargo
Sell
Maintains
$7$10
Sell Maintains $7$10 -7.96% Sep 11, 2024
BMO Capital
BMO Capital
Buy
Maintains
$11$12
Buy Maintains $11$12 +10.45% Jul 19, 2024
Evercore ISI Group
Evercore ISI Group
Hold
Downgrades
$9
Hold Downgrades $9 -17.17% Nov 27, 2023
Wells Fargo
Wells Fargo
Sell
Maintains
$6$7
Sell Maintains $6$7 -35.57% Aug 30, 2023
Evercore ISI Group
Evercore ISI Group
Buy
Maintains
$8$10
Buy Maintains $8$10 -7.96% Aug 17, 2023
More Analyst Ratings

Financial Forecast

Revenue This Year
777.23M
Revenue Next Year
794.30M
from 777.23M
Increased by 2.20%
EPS This Year
0.17
from 0.30
Decreased by -42.52%
EPS Next Year
0.17
from 0.17
Fiscal Year FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Period Ending Dec 31, 2019 Dec 31, 2020 Dec 31, 2021 Dec 31, 2022 Dec 31, 2023 Dec 31, 2024 Dec 31, 2025 Dec 31, 2026
Revenue
-----777.23M794.30M784.48M
Revenue Growth
2.70%-17.49%1.34%16.31%4.61%-2.20%-1.24%
EPS
0.28-0.10-0.060.220.300.170.170.06
EPS Growth
-29.19%---37.55%-42.52%--64.71%
Forward PE
-----62.6662.66177.53
No. Analysts -----443
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
High 801.4M 827.9M 820.5M
Avg 777.2M 794.3M 784.5M
Low 744.3M 753.2M 741.6M

Revenue Growth

Revenue Growth 20242025202620272028
High -
6.5%
3.3%
Avg -
2.2%
-1.2%
Low -
-3.1%
-6.6%

EPS Forecast

EPS 20242025202620272028
High 0.18 0.18 0.06
Avg 0.17 0.17 0.06
Low 0.17 0.17 0.06

EPS Growth

EPS Growth 20242025202620272028
High
-40.8%
2.9%
-63.7%
Avg
-42.5%
-
-64.7%
Low
-44.8%
-3.9%
-66.1%
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.