SALEM MEDIA GROUP INC (SALM) Forecast, Price Target & Analyst Ratings

NASDAQ:SALM • US7940931048

Current stock price

0.2609 USD
-0.04 (-13.06%)
At close:
0.26 USD
0 (-0.34%)
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 SALEM MEDIA GROUP INC (SALM).

Forecast Snapshot

Consensus Price Target

Price Target
$4.34
+ 1,561.56% Upside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
Mar 6, 2024
Period
Q4 / 2023
EPS Estimate
-$0.10
Revenue Estimate
75.786M
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
85.00%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
$4.34
Upside
+ 1,561.56%
From current price of $0.26 to mean target of $4.34, Based on 8 analyst forecasts
Low
$4.29
Median
$4.34
High
$4.46

Price Target Revisions

1 Month
25.93%
3 Months
25.93%

Price Target Summary

8 Wall Street analysts provided a forecast for the next 12 months for SALM. The average price target is 4.34 USD. This implies a price increase of 1561.56% is expected in the next year compared to the current price of 0.2609.
The average price target has been revised upward by 25.93% in the past 3 months.
→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

SALM Current Analyst RatingSALM Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 0 0 0 0 0

Analyst Ratings History

SALM Historical Analyst RatingsSALM 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
85.00%
SALM was analyzed by 8 analysts. The buy percentage consensus is at 85. So analysts seem to be very confident about SALM.
In the previous month the buy percentage consensus was at a similar level.
SALM was analyzed by 8 analysts. More opinions would make the average more meaningful.
→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2023-05-10EF HuttonMaintains Buy -> Buy
2022-11-07EF HuttonMaintains Buy
2022-03-08EF HuttonInitiate Buy
2021-12-22Spartan Securities GroupInitiate Buy

Next Earnings Forecast Details

Next Earnings Details

Release Date
Mar 6, 2024
Period
Q4 / 2023
EPS Estimate
-$0.10
Revenue Estimate
75.786M
Revenue Q2Q
10.14%
EPS Q2Q
-27.50%
Number of Analysts
3

Next Earnings Revisions

Revenue (1 Month)
17.10%
Revenue (3 Months)
8.39%
EPS (1 Month)
13.04%
EPS (3 Months)
-400.00%

Next Earnings Summary

SALM is expected to report earnings on 3/6/2024. The consensus EPS estimate for the next earnings is -0.1 USD and the consensus revenue estimate is 75.79M USD.
The next earnings revenue estimate has been revised upward by 8.39% 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 2023 - 2024

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

2020 2021 2022 2023 2024
Revenue
YoY % growth
SALM revenue by date.SALM revenue by date.
236.2M
-6.97%		258.2M
9.31%		267M
3.41%		261.49M
-2.06%		286.8M
9.68%
EBITDA
YoY % growth
SALM ebitda by date.SALM ebitda by date.
25.46M
-28.14%		38.03M
49.37%		28.51M
-25.03%		10.482M
-63.23%		27.464M
162.01%
EBIT
YoY % growth
SALM ebit by date.SALM ebit by date.
11.4M
-41.54%		25.2M
121.05%		15.9M
-36.90%		-45.808M
-388.10%		16.907M
136.91%
Operating Margin
SALM operating margin by date.SALM operating margin by date.
4.83%9.76%5.96%-17.52%5.90%
EPS
YoY % growth
SALM eps by date.SALM eps by date.
-2.02
-110.42%		1.49
173.76%		-0.13
-108.72%		-1.66
-1,178.92%		-0.01
99.39%

All data in USD

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

Q4 / 23 Q1 / 24 Q2 / 24 Q3 / 24 Q4 / 24
EPS
Q2Q % growth		-0.10
-27.50%		-0.14
24.84%		-0.10
60.77%		-0.07
93.79%		-0.03
70.00%
Revenue
Q2Q % growth		75.786M
10.14%		65.402M
3.01%		68.095M
3.54%		69.299M
9.13%		70.992M
-6.33%
EBITDA
Q2Q % growth		3.417M
-79.49%		2.295M
75.19%		3.662M
-38.35%		4.876M
-48.07%		6.273M
83.58%
EBIT
Q2Q % growth		1.02M
-74.81%		-1.244M
40.17%		71.4K
107.36%		1.285M
242.78%		2.652M
160.00%

All data in USD

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

SALM Yearly Revenue VS EstimatesSALM Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M
SALM Yearly EPS VS EstimatesSALM Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1 -1 -2

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
N/A
Revenue Next 5 Year
N/A

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

SALEM MEDIA GROUP INC / SALM Forecast FAQ

What do analysts expect the price target to be for SALEM MEDIA GROUP INC (SALM)?

8 analysts have analysed SALM and the average price target is 4.34 USD. This implies a price increase of 1561.56% is expected in the next year compared to the current price of 0.2609.

Can you provide the upcoming earnings date for SALEM MEDIA GROUP INC?

SALEM MEDIA GROUP INC (SALM) will report earnings on 2024-03-06, after the market close.

What are the consensus estimates for SALM stock next earnings?

The consensus EPS estimate for the next earnings of SALEM MEDIA GROUP INC (SALM) is -0.1 USD and the consensus revenue estimate is 75.79M USD.