Encore Wire Corporation (WIRE)
NASDAQ: WIRE · IEX Real-Time Price · USD
285.58
+1.52 (0.54%)
Apr 26, 2024, 10:47 AM EDT - Market open
Encore Wire Stock Forecast
Stock Price Forecast
The 2 analysts with 12-month price forecasts for Encore Wire stock have an average target of 292.5, with a low estimate of 290 and a high estimate of 295. The average target predicts an increase of 2.42% from the current stock price of 285.58.
Analyst Consensus: Hold
Analyst Ratings
The average analyst rating for Encore Wire 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 2 | 2 | 2 | 2 | 2 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2 | 2 | 2 | 2 | 2 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| CJS Securities | CJS Securities | Buy → Hold Downgrades n/a | Buy → Hold | Downgrades | n/a | n/a | Apr 19, 2024 |
| Sidoti & Co. | Sidoti & Co. | Strong Buy → Hold Downgrades $290 | Strong Buy → Hold | Downgrades | $290 | +1.55% | Apr 16, 2024 |
| DA Davidson | DA Davidson | Strong Buy → Hold Downgrades $295 | Strong Buy → Hold | Downgrades | $295 | +3.30% | Apr 16, 2024 |
| Sidoti & Co. | Sidoti & Co. | Strong Buy → Hold Downgrades n/a | Strong Buy → Hold | Downgrades | n/a | n/a | Jan 21, 2021 |
| Sidoti & Co. | Sidoti & Co. | Strong Buy Maintains n/a | Strong Buy | Maintains | n/a | n/a | Oct 28, 2020 |
Financial Forecast
Revenue This Year
2.53B
from 2.57B
Decreased by -1.51%
Revenue Next Year
2.63B
from 2.53B
Increased by 3.99%
EPS This Year
17.11
from 21.62
Decreased by -20.88%
EPS Next Year
18.39
from 17.11
Increased by 7.53%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 2.7B | 2.8B | 3.4B | 3.8B |
| Avg | 2.5B | 2.6B | 3.3B | 3.7B |
| Low | 2.3B | 2.4B | 3.2B | 3.5B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 4.8% | 10.1% | 30.2% | 13.2% |
| Avg | -1.5% | 4.0% | 26.4% | 10.0% |
| Low | -9.0% | -5.3% | 21.5% | 5.7% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 17.76 | 21.12 |
| Avg | 17.11 | 18.39 |
| Low | 16.19 | 16.07 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | -17.9% | 23.4% |
| Avg | -20.9% | 7.5% |
| Low | -25.1% | -6.0% |
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.