Essential Utilities, Inc. (WTRG)

Essential Utilities Stock Forecast

Stock Price Forecast

The 4 analysts with 12-month price forecasts for Essential Utilities stock have an average target of 43, with a low estimate of 42 and a high estimate of 45. The average target predicts an increase of 5.60% from the current stock price of 40.72.

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$42	$43	$43	$45
Change	+3.14%	+5.60%	+5.60%	+10.51%

* Price targets were last updated on May 6, 2024.

Analyst Ratings

The average analyst rating for WTRG stock from 5 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	Feb '24	Mar '24	Apr '24	May '24	Jun '24	Jul '24
Strong Buy	3	3	3	3	3	3
Buy	2	3	3	3	3	2
Hold	1	0	0	0	0	0
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	6	6	6	6	6	5

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Ben Kallo Baird	Baird	Buy Maintains $44 → $43	Buy	Maintains	$44 → $43	+5.60%	May 6, 2024
Durgesh Chopra Evercore ISI Group	Evercore ISI Group	Buy Maintains $51 → $42	Buy	Maintains	$51 → $42	+3.14%	Mar 4, 2024
Mike Doyle Edward Jones	Edward Jones	Hold → Strong Buy Upgrades n/a	Hold → Strong Buy	Upgrades	n/a	n/a	Nov 3, 2023
Gregg Orrill UBS	UBS	Strong Buy Maintains $46 → $45	Strong Buy	Maintains	$46 → $45	+10.51%	Oct 4, 2023
Ryan Connors Northcoast Research	Northcoast Research	Hold → Strong Buy Upgrades $42	Hold → Strong Buy	Upgrades	$42	+3.14%	Sep 28, 2023

More Analyst Ratings

Financial Forecast

Revenue This Year

2.26B

Increased by 9.80%

from 2.05B

Revenue Next Year

2.47B

Increased by 9.62%

from 2.26B

EPS This Year

2.11

Increased by 13.33%

from 1.86

EPS Next Year

2.17

Increased by 3.06%

from 2.11

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	889.69M	1.46B	1.88B	2.29B	2.05B	2.26B	2.47B	2.69B	2.89B	2.97B
Revenue Growth	6.16%	64.40%	28.40%	21.82%	-10.24%	9.80%	9.62%	8.82%	7.32%	3.01%
EPS	1.04	1.12	1.67	1.77	1.86	2.11	2.17	2.29	2.44	2.62
EPS Growth	-3.70%	7.69%	49.11%	5.99%	5.08%	13.33%	3.06%	5.26%	6.60%	7.53%
Forward PE	-	-	-	-	-	19.32	18.74	17.81	16.70	15.53
No. Analysts	-	-	-	-	-	13	13	9	5	4

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	2.6B	2.8B	3.0B	3.1B	3.1B
Avg	2.3B	2.5B	2.7B	2.9B	3.0B
Low	1.9B	2.2B	2.4B	2.7B	2.8B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	28.3%	23.4%	19.4%	15.2%	6.6%
Avg	9.8%	9.6%	8.8%	7.3%	3.0%
Low	-5.6%	-3.0%	-4.3%	0.8%	-1.6%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	2.29	2.31	2.37	2.52	2.75
Avg	2.11	2.17	2.29	2.44	2.62
Low	1.94	2.05	2.17	2.33	2.47

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	23.1%	9.6%	9.2%	10.2%	12.8%
Avg	13.3%	3.1%	5.3%	6.6%	7.5%
Low	4.3%	-2.8%	-0.3%	2.0%	1.3%

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.