Essential Utilities (WTRG) Stock Forecast, Price Target & Predictions
WTRG Stock Forecast
Essential Utilities stock forecast is as follows: an average price target of $45.00 (represents a 23.42% upside from WTRG’s last price of $36.46) and a rating consensus of 'Buy', based on 6 wall street analysts offering a 1-year stock forecast.
WTRG Price Target
The average price target for Essential Utilities (WTRG) is $45.00 based on 1-year price targets from 6 Wall Street analysts in the past 3 months, with a price target range of $45.00 to $45.00. This represents a potential 23.42% upside from WTRG's last price of $36.46.
WTRG Analyst Ratings
According to 6 Wall Street analysts, Essential Utilities's rating consensus is 'Buy'. The analyst rating breakdown for WTRG stock is 0 'Strong Buy' (0.00%), 6 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Essential Utilities Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Sep 20, 2024 | Ross Fowler | Bank of America Securities | $45.00 | $38.32 | 17.43% | 23.42% |
| May 06, 2024 | Davis Sunderland | Robert W. Baird | $43.00 | $37.78 | 13.82% | 17.94% |
| Apr 04, 2024 | Shelby Tucker | RBC Capital | $54.00 | $36.03 | 49.88% | 48.11% |
| Aug 05, 2022 | Robert W. Baird | $54.00 | $51.56 | 4.73% | 48.11% | |
| Apr 19, 2022 | Wells Fargo | $53.00 | $48.98 | 8.21% | 45.36% |
The latest Essential Utilities stock forecast, released on Sep 20, 2024 by Ross Fowler from Bank of America Securities, set a price target of $45.00, which represents a 17.43% increase from the stock price at the time of the forecast ($38.32), and a 23.42% increase from WTRG last price ($36.46).
Essential Utilities Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 3 |
| Avg Price Target | - | $45.00 | $47.33 |
| Last Closing Price | $36.46 | $36.46 | $36.46 |
| Upside/Downside | -100.00% | 23.42% | 29.81% |
In the current month, the average price target of Essential Utilities stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Essential Utilities's last price of $36.46. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 07, 2024 | Jefferies | Buy | Initialise | |
| Jul 31, 2024 | Wells Fargo | Overweight | Overweight | Hold |
| Apr 04, 2024 | BMO Capital | Outperform | Outperform | Hold |
| Sep 28, 2023 | Oppenheimer | Perform | Downgrade | |
| Sep 28, 2023 | Northcoast Research | Buy | Upgrade | |
| Feb 06, 2023 | UBS | Buy | Upgrade | |
| Aug 18, 2022 | HSBC | Buy | Upgrade |
Essential Utilities's last stock rating was published by Jefferies on Oct 07, 2024. The company Initialise its WTRG rating from "null" to "Buy".
Essential Utilities Financial Forecast
Essential Utilities Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $479.42M | $411.25M | - | $726.45M | $705.38M | $434.62M | $448.76M | $699.27M | $535.69M | $361.86M | $397.03M | $583.57M | $474.00M | $348.65M | $384.47M | $255.59M | $226.04M | $243.63M |
| Avg Forecast | $599.00M | $464.00M | $484.00M | $714.00M | $580.00M | $449.00M | $469.00M | $690.00M | $609.43M | $416.95M | $442.76M | $750.00M | $708.50M | $455.20M | $469.07M | $682.87M | $565.87M | $389.48M | $415.97M | $617.07M | $496.24M | $366.95M | $399.86M | $656.92M | $558.30M | $346.57M | $371.24M | $282.76M | $221.78M | $250.35M |
| High Forecast | $647.72M | $501.74M | $523.37M | $772.08M | $627.18M | $485.52M | $507.15M | $699.68M | $611.65M | $417.79M | $442.76M | $811.01M | $717.88M | $461.97M | $507.22M | $738.41M | $611.89M | $389.48M | $415.97M | $617.07M | $496.24M | $366.95M | $399.86M | $656.92M | $558.30M | $346.57M | $371.24M | $282.76M | $221.78M | $250.35M |
| Low Forecast | $550.28M | $426.26M | $444.63M | $655.92M | $532.82M | $412.48M | $430.85M | $680.32M | $607.19M | $416.10M | $442.76M | $688.99M | $699.12M | $450.77M | $430.91M | $627.32M | $519.84M | $389.48M | $415.97M | $617.07M | $496.24M | $366.95M | $399.86M | $656.92M | $558.30M | $346.57M | $371.24M | $282.76M | $221.78M | $250.35M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 9 | 9 | 9 | 13 | 13 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.68% | 0.90% | - | 1.06% | 1.25% | 1.12% | 1.08% | 1.13% | 1.08% | 0.99% | 0.99% | 0.89% | 0.85% | 1.01% | 1.04% | 0.90% | 1.02% | 0.97% |
Essential Utilities's average Quarter revenue forecast for Mar 24 based on 1 analysts is $750.00M, with a low forecast of $688.99M, and a high forecast of $811.01M. WTRG's average Quarter revenue forecast represents a 56.44% increase compared to the company's last Quarter revenue of $479.42M (Dec 23).
Essential Utilities EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 9 | 9 | 9 | 13 | 13 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $262.18M | $137.41M | - | $316.26M | $254.42M | $210.54M | $218.16M | $308.29M | $225.68M | $178.91M | $210.91M | $312.17M | $208.23M | $179.56M | $196.65M | $126.02M | $136.75M | $159.51M |
| Avg Forecast | $299.41M | $231.93M | $241.93M | $356.89M | $289.91M | $224.43M | $234.43M | $344.89M | $304.62M | $208.41M | $221.31M | $369.82M | $354.14M | $227.53M | $234.46M | $336.20M | $242.47M | $193.74M | $206.92M | $305.64M | $246.85M | $182.54M | $198.90M | $283.79M | $277.72M | $172.40M | $184.67M | $119.39M | $110.32M | $124.54M |
| High Forecast | $323.76M | $250.79M | $261.60M | $385.92M | $313.49M | $242.69M | $253.50M | $349.73M | $305.73M | $208.83M | $221.31M | $443.78M | $358.83M | $230.91M | $253.53M | $403.44M | $290.97M | $193.74M | $206.92M | $366.76M | $246.85M | $182.54M | $198.90M | $340.55M | $277.72M | $172.40M | $184.67M | $143.27M | $110.32M | $124.54M |
| Low Forecast | $275.05M | $213.06M | $222.25M | $327.86M | $266.33M | $206.18M | $215.36M | $340.05M | $303.50M | $207.99M | $221.31M | $295.85M | $349.45M | $225.32M | $215.39M | $268.96M | $193.98M | $193.74M | $206.92M | $244.51M | $246.85M | $182.54M | $198.90M | $227.03M | $277.72M | $172.40M | $184.67M | $95.51M | $110.32M | $124.54M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.74% | 0.60% | - | 0.94% | 1.05% | 1.09% | 1.05% | 1.01% | 0.91% | 0.98% | 1.06% | 1.10% | 0.75% | 1.04% | 1.06% | 1.06% | 1.24% | 1.28% |
1 analysts predict WTRG's average Quarter EBITDA for Mar 24 to be $369.82M, with a high of $443.78M and a low of $295.85M. This is 41.06% upper than Essential Utilities's previous annual EBITDA (Dec 23) of $262.18M.
Essential Utilities Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 9 | 9 | 9 | 13 | 13 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $135.45M | $80.08M | - | $191.43M | $114.93M | $68.64M | $82.29M | $199.38M | $116.51M | $50.50M | $80.91M | $183.69M | $102.71M | $55.73M | $74.63M | $51.78M | $64.23M | $88.49M |
| Avg Forecast | $200.42M | $101.58M | $93.34M | $222.38M | $177.08M | $100.21M | $94.72M | $208.65M | $182.57M | $66.23M | $86.48M | $234.72M | $136.56M | $80.08M | $93.34M | $213.39M | $125.18M | $60.95M | $83.71M | $193.99M | $118.97M | $56.98M | $68.54M | $166.99M | $123.25M | $60.29M | $62.62M | $49.06M | $81.54M | $119.40M |
| High Forecast | $221.61M | $112.32M | $103.21M | $245.89M | $195.80M | $110.81M | $104.73M | $230.71M | $213.47M | $69.08M | $95.63M | $281.67M | $139.34M | $93.88M | $103.21M | $256.06M | $150.21M | $60.95M | $83.71M | $232.78M | $118.97M | $56.98M | $68.54M | $200.39M | $123.25M | $60.29M | $62.62M | $58.87M | $81.54M | $119.40M |
| Low Forecast | $179.22M | $90.84M | $83.47M | $198.87M | $158.36M | $89.61M | $84.70M | $206.04M | $140.44M | $63.39M | $77.34M | $187.78M | $133.77M | $71.79M | $83.47M | $170.71M | $100.14M | $60.95M | $83.71M | $155.19M | $118.97M | $56.98M | $68.54M | $133.59M | $123.25M | $60.29M | $62.62M | $39.24M | $81.54M | $119.40M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.99% | 1.00% | - | 0.90% | 0.92% | 1.13% | 0.98% | 1.03% | 0.98% | 0.89% | 1.18% | 1.10% | 0.83% | 0.92% | 1.19% | 1.06% | 0.79% | 0.74% |
Essential Utilities's average Quarter net income forecast for Mar 24 is $234.72M, with a range of $187.78M to $281.67M. WTRG's average Quarter net income forecast represents a 73.30% increase compared to the company's last Quarter net income of $135.45M (Dec 23).
Essential Utilities SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 9 | 9 | 9 | 13 | 13 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Avg Forecast | $1.98M | $1.53M | $1.60M | $2.36M | $1.92M | $1.49M | $1.55M | $2.28M | $2.02M | $1.38M | $1.46M | $2.48M | $2.34M | $1.51M | $1.55M | $2.26M | $1.87M | $1.29M | $1.38M | $2.04M | $1.64M | $1.21M | $1.32M | $2.17M | $1.85M | $1.15M | $1.23M | $935.24K | $733.54K | $828.06K |
| High Forecast | $2.14M | $1.66M | $1.73M | $2.55M | $2.07M | $1.61M | $1.68M | $2.31M | $2.02M | $1.38M | $1.46M | $2.68M | $2.37M | $1.53M | $1.68M | $2.44M | $2.02M | $1.29M | $1.38M | $2.04M | $1.64M | $1.21M | $1.32M | $2.17M | $1.85M | $1.15M | $1.23M | $935.24K | $733.54K | $828.06K |
| Low Forecast | $1.82M | $1.41M | $1.47M | $2.17M | $1.76M | $1.36M | $1.43M | $2.25M | $2.01M | $1.38M | $1.46M | $2.28M | $2.31M | $1.49M | $1.43M | $2.07M | $1.72M | $1.29M | $1.38M | $2.04M | $1.64M | $1.21M | $1.32M | $2.17M | $1.85M | $1.15M | $1.23M | $935.24K | $733.54K | $828.06K |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Essential Utilities's average Quarter SG&A projection for undefined is $NaN, based on undefined Wall Street analysts, with a range of $NaN to $NaN. The forecast indicates a NaN% fall compared to WTRG last annual SG&A of $NaN (undefined).
Essential Utilities EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 9 | 9 | 9 | 13 | 13 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $0.50 | - | - | $0.72 | $0.44 | $0.26 | $0.31 | $0.76 | $0.45 | $0.20 | $0.32 | $0.72 | $0.40 | $0.22 | $0.29 | $0.22 | $0.28 | $0.38 |
| Avg Forecast | $0.73 | $0.37 | $0.34 | $0.81 | $0.65 | $0.36 | $0.34 | $0.76 | $0.67 | $0.24 | $0.32 | $0.76 | $0.50 | $0.29 | $0.34 | $0.71 | $0.41 | $0.22 | $0.31 | $0.74 | $0.43 | $0.21 | $0.25 | $0.66 | $0.45 | $0.22 | $0.23 | $0.58 | $0.30 | $0.44 |
| High Forecast | $0.81 | $0.41 | $0.38 | $0.90 | $0.71 | $0.40 | $0.38 | $0.84 | $0.78 | $0.25 | $0.35 | $0.76 | $0.51 | $0.34 | $0.38 | $0.78 | $0.46 | $0.22 | $0.31 | $0.74 | $0.43 | $0.21 | $0.25 | $0.66 | $0.45 | $0.22 | $0.23 | $0.58 | $0.30 | $0.44 |
| Low Forecast | $0.65 | $0.33 | $0.30 | $0.72 | $0.58 | $0.33 | $0.31 | $0.75 | $0.51 | $0.23 | $0.28 | $0.76 | $0.49 | $0.26 | $0.30 | $0.63 | $0.37 | $0.22 | $0.31 | $0.74 | $0.43 | $0.21 | $0.25 | $0.66 | $0.45 | $0.22 | $0.23 | $0.58 | $0.30 | $0.44 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.01% | - | - | 1.02% | 1.07% | 1.17% | 1.01% | 1.02% | 1.04% | 0.96% | 1.28% | 1.09% | 0.89% | 1.00% | 1.27% | 0.38% | 0.94% | 0.87% |
According to 1 Wall Street analysts, Essential Utilities's projected average Quarter EPS for Mar 24 is $0.76, with a low estimate of $0.76 and a high estimate of $0.76. This represents a 52.29% increase compared to WTRG previous annual EPS of $0.50 (Dec 23).
Essential Utilities Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| SJW | SJW Group | $53.47 | $65.00 | 21.56% | Buy |
| CWT | California Water Service Group | $47.91 | $57.00 | 18.97% | Hold |
| WTRG | Essential Utilities | $37.99 | $45.00 | 18.45% | Buy |
| AWK | American Water Works Company | $129.18 | $139.40 | 7.91% | Hold |
| AWR | American States Water Company | $82.41 | $87.00 | 5.57% | Hold |