Encore Wire Corporation (WIRE)
NASDAQ: WIRE · IEX Real-Time Price · USD
288.96
+0.02 (0.01%)
At close: Jun 13, 2024, 4:00 PM
288.93
-0.03 (-0.01%)
After-hours: Jun 13, 2024, 4:03 PM EDT
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 1.23% from the current stock price of 288.96.
Analyst Consensus: Hold
* Price targets were last updated on Apr 16, 2024.
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 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 2 | 2 | 2 | 2 | 3 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2 | 2 | 2 | 2 | 3 | 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 | +0.36% | Apr 16, 2024 |
| DA Davidson | DA Davidson | Strong Buy → Hold Downgrades $295 | Strong Buy → Hold | Downgrades | $295 | +2.09% | 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
2.73B
from 2.57B
Increased by 6.13%
Revenue Next Year
2.84B
from 2.73B
Increased by 4.18%
EPS This Year
19.29
from 21.62
Decreased by -10.77%
EPS Next Year
20.83
from 19.29
Increased by 7.96%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 2.9B | 3.0B | 3.4B | 3.8B |
| Avg | 2.7B | 2.8B | 3.3B | 3.7B |
| Low | 2.6B | 2.6B | 3.2B | 3.5B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 11.2% | 9.5% | 20.6% | 13.2% |
| Avg | 6.1% | 4.2% | 17.1% | 10.0% |
| Low | -0.4% | -3.3% | 12.5% | 5.7% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 22.30 | 24.62 |
| Avg | 19.29 | 20.83 |
| Low | 16.76 | 16.27 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | 3.1% | 27.6% |
| Avg | -10.8% | 8.0% |
| Low | -22.5% | -15.7% |
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.