Sinclair Broadcast Group, Inc. (SBGI)

Sinclair Broadcast Group Stock Forecast

Stock Price Forecast

The 7 analysts with 12-month price forecasts for SBGI stock have an average target of 19.1, with a low estimate of 13 and a high estimate of 25. The average target predicts an increase of 56.69% from the current stock price of 12.19.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$13	$19.1	$18	$25
Change	+6.64%	+56.69%	+47.66%	+105.09%

* Price targets were last updated on Mar 1, 2024.

Analyst Ratings

The average analyst rating for SBGI stock from 7 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Nov '23	Dec '23	Jan '24	Feb '24	Mar '24	Apr '24
Strong Buy	3	3	3	3	3	3
Buy	0	0	0	0	0	0
Hold	3	3	3	3	3	3
Sell	2	2	1	1	1	1
Strong Sell	0	0	0	0	0	0
Total	8	8	7	7	7	7

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Steven Cahall Wells Fargo	Wells Fargo	Sell Maintains $12 → $13	Sell	Maintains	$12 → $13	+6.64%	Mar 1, 2024
Barton Crockett Rosenblatt	Rosenblatt	Hold Maintains $10 → $16	Hold	Maintains	$10 → $16	+28.79%	Jan 18, 2024
Curry Baker Guggenheim	Guggenheim	Strong Buy Maintains $30 → $20	Strong Buy	Maintains	$30 → $20	+64.07%	Nov 3, 2023
Barton Crockett Rosenblatt	Rosenblatt	Hold Maintains $19 → $14	Hold	Maintains	$19 → $14	+10.75%	Sep 5, 2023
Daniel Kurnos Benchmark	Benchmark	Strong Buy Reiterates $25	Strong Buy	Reiterates	$25	+105.09%	Aug 23, 2023

More Analyst Ratings

Financial Forecast

Revenue This Year

3.72B

Increased by 18.76%

from 3.13B

Revenue Next Year

3.60B

Decreased by -3.30%

from 3.72B

EPS This Year

3.91

from -4.46

EPS Next Year

2.88

Decreased by -26.31%

from 3.91

Year	2019	2020	2021	2022	2023	2024	2024	2025	2025	2026	2026	2027	2027	2028	2028
Revenue	4.24B	5.94B	6.13B	3.93B	3.13B	3.72B	3.60B	3.52B	3.30B	3.49B	3.62B	3.25B	3.25B	3.08B	3.08B
Revenue Growth	38.79%	40.17%	3.21%	-35.96%	-20.21%	18.76%	-3.30%	-2.33%	-6.06%	5.78%	3.52%	-10.07%	-	-5.35%	-
EPS	0.51	-30.20	-5.51	37.54	-4.46	3.91	2.88	-0.57	1.56	1.47	1.15	-1.66	-1.66	1.07	1.07
EPS Growth	-84.78%	-	-	-	-	-	-26.31%	-	-	-6.09%	-21.76%	-	-	-	-
No. Analysts	-	-	-	-	-	11	10	10	7	3	7	3	3	3	3

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	3.8B	3.5B	4.1B	3.7B	3.2B
Avg	3.6B	3.3B	3.6B	3.3B	3.1B
Low	3.3B	2.9B	3.1B	2.8B	3.0B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	20.6%	-1.6%	25.4%	3.7%	-2.6%
Avg	14.8%	-8.3%	9.5%	-10.1%	-5.4%
Low	4.1%	-19.6%	-5.8%	-23.9%	-9.1%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	4.10	2.17	3.60	-1.71	1.10
Avg	2.88	1.56	1.15	-1.66	1.07
Low	2.37	1.23	-1.51	-1.60	1.03

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	-	-24.5%	130.3%	-	-
Avg	-	-45.7%	-26.5%	-	-
Low	-	-57.1%	-	-	-

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.