ENCORE WIRE CORP (WIRE) Forecast, Price Target & Analyst Ratings

NASDAQ:WIRE • US2925621052

Current stock price

289.84 USD
0.01 (0%)
At close:
289.81 USD
-0.03 (-0.01%)
After Hours:

Analyst forecast overview

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for ENCORE WIRE CORP (WIRE).

Forecast Snapshot

Consensus Price Target

Price Target
$295.80
+ 2.06% Upside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
Jul 23, 2024
Period
Q2 / 2024
EPS Estimate
$4.85
Revenue Estimate
684.68M
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
84.44%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
$295.80
Upside
+ 2.06%
From current price of $289.84 to mean target of $295.80, Based on 9 analyst forecasts
Low
$292.90
Median
$295.80
High
$304.50

Price Target Revisions

1 Month
-0.57%
3 Months
0.93%

Price Target Summary

9 Wall Street analysts provided a forecast for the next 12 months for WIRE. The average price target is 295.8 USD. This implies a price increase of 2.06% is expected in the next year compared to the current price of 289.84.
The average price target has been revised upward by 0.93% in the past 3 months.
→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

WIRE Current Analyst RatingWIRE Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 1 2 3 4

Analyst Ratings History

WIRE Historical Analyst RatingsWIRE Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 2 4 6 8

Analyst Ratings Consensus

ChartMill Buy Consensus
84.44%
WIRE was analyzed by 9 analysts. The buy percentage consensus is at 84. So analysts seem to be very confident about WIRE.
In the previous month the buy percentage consensus was at a similar level.
WIRE was analyzed by 9 analysts. More opinions would make the average more meaningful.
→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2024-04-19CJS SecuritiesDowngrade Market Outperform -> Market Perform
2024-04-16Sidoti & Co.Downgrade Buy -> Neutral
2024-04-16DA DavidsonDowngrade Buy -> Neutral

Next Earnings Forecast Details

Next Earnings Details

Release Date
Jul 23, 2024
Period
Q2 / 2024
EPS Estimate
$4.85
Revenue Estimate
684.68M
Revenue Q2Q
7.58%
EPS Q2Q
-19.28%
Number of Analysts
5

Next Earnings Revisions

Revenue (1 Month)
0.00%
Revenue (3 Months)
7.65%
EPS (1 Month)
-5.99%
EPS (3 Months)
17.94%

Next Earnings Summary

WIRE is expected to report earnings on 7/23/2024. The consensus EPS estimate for the next earnings is 4.85 USD and the consensus revenue estimate is 684.68M USD.
The next earnings revenue estimate has been revised upward by 7.65% in the past 3 months. Upward revisions are a positive sign and indicate that analysts are more optimistic about the next earnings compared to 3 months ago.
→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates 2024 - 2027

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

2021 2022 2023 2024 2025 2026 2027
Revenue
YoY % growth
WIRE revenue by date.WIRE revenue by date.
2.593B
103.05%		3.018B
16.39%		2.568B
-14.91%		2.725B
6.13%		2.839B
4.18%		3.325B
17.12%		3.658B
10.02%
EBITDA
YoY % growth
WIRE ebitda by date.WIRE ebitda by date.
722.5M
517.52%		941.2M
30.27%		483.425M
-48.64%		415.14M
-14.13%		435.72M
4.96%		N/AN/A
EBIT
YoY % growth
WIRE ebit by date.WIRE ebit by date.
699.2M
617.13%		915M
30.86%		451.373M
-50.67%		379.63M
-15.89%		386.45M
1.80%		366.18M
-5.25%		366.18M
Operating Margin
WIRE operating margin by date.WIRE operating margin by date.
26.97%30.32%17.58%13.93%13.61%11.01%10.01%
EPS
YoY % growth
WIRE eps by date.WIRE eps by date.
26.23
612.77%		36.92
40.75%		21.43
-41.96%		19.29
-9.98%		20.83
7.96%		N/AN/A

All data in USD

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

Q2 / 24 Q3 / 24 Q4 / 24 Q1 / 25 Q2 / 25 Q3 / 25 Q4 / 25
EPS
Q2Q % growth		4.85
-19.28%		5.62
16.70%		5.43
32.44%		4.39
11.89%		4.75
-2.13%		5.08
-9.60%		5.07
-6.64%
Revenue
Q2Q % growth		684.68M
7.58%		704.25M
10.56%		690.35M
8.93%		674.73M
6.65%		706.91M
3.25%		722.57M
2.60%		715.79M
3.69%
EBITDA
Q2Q % growth		105.19M
-26.59%		113.87M
-6.59%		108.48M
-2.80%		92.718M
11.14%		98.736M
-6.14%		104.24M
-8.46%		103.58M
-4.52%
EBIT
Q2Q % growth		98.42M
-22.81%		106.24M
8.41%		98.619M
23.97%		73.746M
-1.54%		74.766M
-24.03%		78.03M
-26.55%		74.46M
-24.50%

All data in USD

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

WIRE Yearly Revenue VS EstimatesWIRE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1B 2B 3B
WIRE Yearly EPS VS EstimatesWIRE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
N/A
EPS Next 5 Year
N/A

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
8.74%
Revenue Next 5 Year
9.06%

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
N/A
EBIT Next 5 Year
N/A
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

ENCORE WIRE CORP / WIRE Forecast FAQ

What do analysts expect the price target to be for ENCORE WIRE CORP (WIRE)?

9 analysts have analysed WIRE and the average price target is 295.8 USD. This implies a price increase of 2.06% is expected in the next year compared to the current price of 289.84.

Can you provide the upcoming earnings date for ENCORE WIRE CORP?

ENCORE WIRE CORP (WIRE) will report earnings on 2024-07-23, after the market close.

What are the consensus estimates for WIRE stock next earnings?

The consensus EPS estimate for the next earnings of ENCORE WIRE CORP (WIRE) is 4.85 USD and the consensus revenue estimate is 684.68M USD.

How do analysts rate ENCORE WIRE CORP (WIRE)?

The consensus rating for ENCORE WIRE CORP (WIRE) is 84.4444 / 100 . This indicates that analysts generally have a positive outlook on the stock.