Sulfotransferase that utilizes 3'-phospho-5'-adenylyl sulfate (PAPS) as sulfonate donor to catalyze the sulfate conjugation of estradiol and estrone. May play a role in the regulation of estrogen receptor activity by metabolizing free estradiol (By similarity). 3'-phosphoadenylyl sulfate + estrone = adenosine 3',5'-bisphosphate + estrone 3-sulfate + H(+) Homodimer. Expressed in male rats, but not in females. Induced by androgens and suppressed by estrogens. Expression is influenced by pituitary growth hormone and thyroid hormone. Belongs to the sulfotransferase 1 family.