Encore Wire (WIRE) Stock Forecast, Price Target & Predictions
WIRE Stock Forecast
Encore Wire stock forecast is as follows: an average price target of $295.00 (represents a 1.78% upside from WIRE’s last price of $289.84) and a rating consensus of 'Hold', based on 1 wall street analysts offering a 1-year stock forecast.
WIRE Price Target
The average price target for Encore Wire (WIRE) is $295.00 based on 1-year price targets from 1 Wall Street analysts in the past 3 months, with a price target range of $295.00 to $295.00. This represents a potential 1.78% upside from WIRE's last price of $289.84.
WIRE Analyst Ratings
According to 1 Wall Street analysts, Encore Wire's rating consensus is 'Hold'. The analyst rating breakdown for WIRE stock is 0 'Strong Buy' (0.00%), 0 'Buy' (0.00%), 1 'Hold' (100.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Encore Wire Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Apr 16, 2024 | Brent Thielman | D.A. Davidson | $295.00 | $291.23 | 1.29% | 1.78% |
The latest Encore Wire stock forecast, released on Apr 16, 2024 by Brent Thielman from D.A. Davidson, set a price target of $295.00, which represents a 1.29% increase from the stock price at the time of the forecast ($291.23), and a 1.78% increase from WIRE last price ($289.84).
Encore Wire Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 1 |
| Avg Price Target | - | - | $295.00 |
| Last Closing Price | $289.84 | $289.84 | $289.84 |
| Upside/Downside | -100.00% | -100.00% | 1.78% |
In the current month, the average price target of Encore Wire stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Encore Wire's last price of $289.84. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Apr 19, 2024 | CJS Securities | - | Market Perform | Downgrade |
Encore Wire's last stock rating was published by CJS Securities on Apr 19, 2024. The company Downgrade its WIRE rating from "null" to "Market Perform".
Encore Wire Financial Forecast
Encore Wire Revenue Forecast
| Dec 25 | Oct 25 | Jul 25 | Mar 25 | Dec 24 | Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jul 23 | Mar 23 | Dec 22 | Oct 22 | Jul 22 | Mar 22 | Dec 21 | Oct 21 | Jul 21 | Mar 21 | Dec 20 | Oct 20 | Jul 20 | Mar 20 | Dec 19 | Oct 19 | Jul 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | $633.78M | - | - | $660.49M | $693.88M | - | - | $723.07M | $687.85M | - | - | $444.14M | $380.82M | - | - | $302.79M | $302.25M | - | - | $314.71M | $291.43M | $279.39M |
| Avg Forecast | $672.40M | $695.50M | $668.70M | $651.70M | $671.22M | $692.31M | $668.58M | $579.64M | $601.48M | $634.18M | $738.60M | $684.01M | $631.03M | $693.13M | $727.08M | $567.63M | $561.78M | $587.34M | $456.51M | $384.57M | $334.19M | $337.77M | $283.06M | $297.48M | $308.31M | $347.14M | $330.42M | $295.68M | $361.55M | $214.92M |
| High Forecast | $672.40M | $695.50M | $668.70M | $651.70M | $671.22M | $692.31M | $668.58M | $579.64M | $601.48M | $651.74M | $738.60M | $684.01M | $631.03M | $693.13M | $727.08M | $567.63M | $561.78M | $587.34M | $456.51M | $384.57M | $334.19M | $337.77M | $283.06M | $297.48M | $308.31M | $347.14M | $330.42M | $295.68M | $433.86M | $257.91M |
| Low Forecast | $672.40M | $695.50M | $668.70M | $651.70M | $671.22M | $692.31M | $668.58M | $579.64M | $601.48M | $625.10M | $738.60M | $684.01M | $631.03M | $693.13M | $727.08M | $567.63M | $561.78M | $587.34M | $456.51M | $384.57M | $334.19M | $337.77M | $283.06M | $297.48M | $308.31M | $347.14M | $330.42M | $295.68M | $289.24M | $171.94M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 1 | 16 | 9 | 10 | 8 | 8 | 11 | 8 | 18 | 18 |
| Surprise % | - | - | - | - | - | - | - | - | 1.05% | - | - | 0.97% | 1.10% | - | - | 1.27% | 1.22% | - | - | 1.15% | 1.14% | - | - | 1.02% | 0.98% | - | - | 1.06% | 0.81% | 1.30% |
Encore Wire's average Quarter revenue forecast for Mar 24 based on 1 analysts is $579.64M, with a low forecast of $579.64M, and a high forecast of $579.64M. WIRE's average Quarter revenue forecast represents a -8.54% decrease compared to the company's last Quarter revenue of $633.78M (Dec 23).
Encore Wire EBITDA Forecast
| Dec 25 | Oct 25 | Jul 25 | Mar 25 | Dec 24 | Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jul 23 | Mar 23 | Dec 22 | Oct 22 | Jul 22 | Mar 22 | Dec 21 | Oct 21 | Jul 21 | Mar 21 | Dec 20 | Oct 20 | Jul 20 | Mar 20 | Dec 19 | Oct 19 | Jul 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 1 | 16 | 9 | 10 | 8 | 8 | 11 | 8 | 18 | 18 |
| EBITDA | - | - | - | - | - | - | - | - | $79.55M | - | - | $146.38M | $192.94M | - | - | $213.75M | $188.91M | - | - | $58.68M | $36.41M | - | - | $28.94M | $18.28M | - | - | $21.75M | $19.06M | $24.28M |
| Avg Forecast | $120.18M | $124.31M | $119.52M | $116.48M | $119.97M | $123.74M | $119.49M | $183.17M | $107.50M | $113.35M | $132.01M | $166.52M | $177.75M | $123.88M | $129.95M | $151.38M | $100.41M | $104.98M | $81.59M | $34.85M | $59.73M | $60.37M | $50.59M | $22.24M | $55.10M | $62.05M | $59.06M | $24.17M | $22.76M | $17.00M |
| High Forecast | $120.18M | $124.31M | $119.52M | $116.48M | $119.97M | $123.74M | $119.49M | $219.81M | $107.50M | $116.49M | $132.01M | $199.83M | $213.30M | $123.88M | $129.95M | $181.66M | $100.41M | $104.98M | $81.59M | $41.82M | $59.73M | $60.37M | $50.59M | $26.69M | $55.10M | $62.05M | $59.06M | $29.00M | $27.31M | $20.40M |
| Low Forecast | $120.18M | $124.31M | $119.52M | $116.48M | $119.97M | $123.74M | $119.49M | $146.54M | $107.50M | $111.72M | $132.01M | $133.22M | $142.20M | $123.88M | $129.95M | $121.11M | $100.41M | $104.98M | $81.59M | $27.88M | $59.73M | $60.37M | $50.59M | $17.79M | $55.10M | $62.05M | $59.06M | $19.33M | $18.21M | $13.60M |
| Surprise % | - | - | - | - | - | - | - | - | 0.74% | - | - | 0.88% | 1.09% | - | - | 1.41% | 1.88% | - | - | 1.68% | 0.61% | - | - | 1.30% | 0.33% | - | - | 0.90% | 0.84% | 1.43% |
1 analysts predict WIRE's average Quarter EBITDA for Mar 24 to be $183.17M, with a high of $219.81M and a low of $146.54M. This is 130.25% upper than Encore Wire's previous annual EBITDA (Dec 23) of $79.55M.
Encore Wire Net Income Forecast
| Dec 25 | Oct 25 | Jul 25 | Mar 25 | Dec 24 | Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jul 23 | Mar 23 | Dec 22 | Oct 22 | Jul 22 | Mar 22 | Dec 21 | Oct 21 | Jul 21 | Mar 21 | Dec 20 | Oct 20 | Jul 20 | Mar 20 | Dec 19 | Oct 19 | Jul 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 1 | 16 | 9 | 10 | 8 | 8 | 11 | 8 | 18 | 18 |
| Net Income | - | - | - | - | - | - | - | - | $66.12M | - | - | $119.48M | $154.00M | - | - | $161.53M | $141.64M | - | - | $41.19M | $24.10M | - | - | $18.61M | $10.54M | - | - | $13.41M | $11.35M | $13.63M |
| Avg Forecast | $67.48M | $70.22M | $66.35M | $64.09M | $79.96M | $85.71M | $79.01M | $138.28M | $64.89M | $75.23M | $104.69M | $125.71M | $133.27M | $110.01M | $82.98M | $114.28M | $51.17M | $47.06M | $22.20M | $24.46M | $11.06M | $12.03M | $11.30M | $14.30M | $13.24M | $16.30M | $14.10M | $14.90M | $13.56M | $9.54M |
| High Forecast | $67.48M | $70.22M | $66.35M | $64.09M | $79.96M | $85.71M | $79.01M | $165.94M | $64.89M | $76.52M | $104.69M | $150.85M | $159.93M | $110.01M | $82.98M | $137.14M | $51.17M | $47.06M | $22.20M | $29.36M | $11.06M | $12.03M | $11.30M | $17.16M | $13.24M | $16.30M | $14.10M | $17.88M | $16.27M | $11.45M |
| Low Forecast | $67.48M | $70.22M | $66.35M | $64.09M | $79.96M | $85.71M | $79.01M | $110.62M | $64.89M | $73.93M | $104.69M | $100.57M | $106.62M | $110.01M | $82.98M | $91.42M | $51.17M | $47.06M | $22.20M | $19.57M | $11.06M | $12.03M | $11.30M | $11.44M | $13.24M | $16.30M | $14.10M | $11.92M | $10.84M | $7.63M |
| Surprise % | - | - | - | - | - | - | - | - | 1.02% | - | - | 0.95% | 1.16% | - | - | 1.41% | 2.77% | - | - | 1.68% | 2.18% | - | - | 1.30% | 0.80% | - | - | 0.90% | 0.84% | 1.43% |
Encore Wire's average Quarter net income forecast for Mar 24 is $138.28M, with a range of $110.62M to $165.94M. WIRE's average Quarter net income forecast represents a 109.12% increase compared to the company's last Quarter net income of $66.12M (Dec 23).
Encore Wire SG&A Forecast
| Dec 25 | Oct 25 | Jul 25 | Mar 25 | Dec 24 | Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jul 23 | Mar 23 | Dec 22 | Oct 22 | Jul 22 | Mar 22 | Dec 21 | Oct 21 | Jul 21 | Mar 21 | Dec 20 | Oct 20 | Jul 20 | Mar 20 | Dec 19 | Oct 19 | Jul 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 1 | 16 | 9 | 10 | 8 | 8 | 11 | 8 | 18 | 18 |
| SG&A | - | - | - | - | - | - | - | - | $56.85M | - | - | $58.70M | $55.51M | - | - | $36.21M | $52.43M | - | - | $31.15M | $27.61M | - | - | $22.29M | $22.93M | - | - | $25.00M | $22.89M | $18.74M |
| Avg Forecast | $48.43M | $50.09M | $48.16M | $46.94M | $48.34M | $49.86M | $48.15M | $31.00M | $43.32M | $45.68M | $53.20M | $28.18M | $49.34M | $49.92M | $52.37M | $25.62M | $40.46M | $42.30M | $32.88M | $18.50M | $24.07M | $24.33M | $20.39M | $17.13M | $22.21M | $25.00M | $23.80M | $27.78M | $27.33M | $13.12M |
| High Forecast | $48.43M | $50.09M | $48.16M | $46.94M | $48.34M | $49.86M | $48.15M | $37.20M | $43.32M | $46.94M | $53.20M | $33.82M | $59.20M | $49.92M | $52.37M | $30.74M | $40.46M | $42.30M | $32.88M | $22.20M | $24.07M | $24.33M | $20.39M | $20.56M | $22.21M | $25.00M | $23.80M | $33.33M | $32.79M | $15.74M |
| Low Forecast | $48.43M | $50.09M | $48.16M | $46.94M | $48.34M | $49.86M | $48.15M | $24.80M | $43.32M | $45.02M | $53.20M | $22.55M | $39.47M | $49.92M | $52.37M | $20.50M | $40.46M | $42.30M | $32.88M | $14.80M | $24.07M | $24.33M | $20.39M | $13.71M | $22.21M | $25.00M | $23.80M | $22.22M | $21.86M | $10.49M |
| Surprise % | - | - | - | - | - | - | - | - | 1.31% | - | - | 2.08% | 1.13% | - | - | 1.41% | 1.30% | - | - | 1.68% | 1.15% | - | - | 1.30% | 1.03% | - | - | 0.90% | 0.84% | 1.43% |
Encore Wire's average Quarter SG&A projection for Mar 24 is $31.00M, based on 1 Wall Street analysts, with a range of $24.80M to $37.20M. The forecast indicates a -45.48% fall compared to WIRE last annual SG&A of $56.85M (Dec 23).
Encore Wire EPS Forecast
| Dec 25 | Oct 25 | Jul 25 | Mar 25 | Dec 24 | Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jul 23 | Mar 23 | Dec 22 | Oct 22 | Jul 22 | Mar 22 | Dec 21 | Oct 21 | Jul 21 | Mar 21 | Dec 20 | Oct 20 | Jul 20 | Mar 20 | Dec 19 | Oct 19 | Jul 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 1 | 16 | 9 | 10 | 8 | 8 | 11 | 8 | 18 | 18 |
| EPS | - | - | - | - | - | - | - | - | $4.21 | - | - | $6.60 | $8.43 | - | - | $8.08 | $7.02 | - | - | $2.00 | $1.17 | - | - | $0.89 | $0.50 | - | - | $0.64 | $0.54 | $0.66 |
| Avg Forecast | $4.18 | $4.35 | $4.11 | $3.97 | $4.95 | $5.31 | $4.89 | $3.65 | $4.02 | $4.66 | $6.49 | $5.75 | $5.83 | $6.82 | $5.14 | $2.94 | $3.17 | $2.92 | $1.38 | $0.88 | $0.69 | $0.74 | $0.70 | $0.47 | $0.82 | $1.01 | $0.87 | $0.72 | $0.80 | $0.35 |
| High Forecast | $4.18 | $4.35 | $4.11 | $3.97 | $4.95 | $5.31 | $4.89 | $3.65 | $4.02 | $4.74 | $6.49 | $5.75 | $5.83 | $6.82 | $5.14 | $2.94 | $3.17 | $2.92 | $1.38 | $0.88 | $0.69 | $0.74 | $0.70 | $0.47 | $0.82 | $1.01 | $0.87 | $0.72 | $0.96 | $0.42 |
| Low Forecast | $4.18 | $4.35 | $4.11 | $3.97 | $4.95 | $5.31 | $4.89 | $3.65 | $4.02 | $4.58 | $6.49 | $5.75 | $5.83 | $6.82 | $5.14 | $2.94 | $3.17 | $2.92 | $1.38 | $0.88 | $0.69 | $0.74 | $0.70 | $0.47 | $0.82 | $1.01 | $0.87 | $0.72 | $0.64 | $0.28 |
| Surprise % | - | - | - | - | - | - | - | - | 1.05% | - | - | 1.15% | 1.45% | - | - | 2.75% | 2.21% | - | - | 2.29% | 1.71% | - | - | 1.87% | 0.61% | - | - | 0.89% | 0.68% | 1.89% |
According to 1 Wall Street analysts, Encore Wire's projected average Quarter EPS for Mar 24 is $3.65, with a low estimate of $3.65 and a high estimate of $3.65. This represents a -13.38% decrease compared to WIRE previous annual EPS of $4.21 (Dec 23).
Encore Wire Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| ENS | EnerSys | $94.26 | $118.00 | 25.19% | Buy |
| KE | Kimball Electronics | $19.11 | $23.75 | 24.28% | Buy |
| NVT | nVent Electric | $74.27 | $83.80 | 12.83% | Buy |
| AEIS | Advanced Energy Industries | $110.77 | $122.60 | 10.68% | Buy |
| WIRE | Encore Wire | $289.84 | $295.00 | 1.78% | Hold |
| AYI | Acuity Brands | $315.62 | $318.33 | 0.86% | Hold |
| ENR | Energizer | $37.66 | $37.67 | 0.03% | Hold |
| HUBB | Hubbell | $445.58 | $384.14 | -13.79% | Hold |
| VRT | Vertiv | $137.54 | $91.30 | -33.62% | Buy |