Grom Social Enterprises (GROM) Stock Forecast, Price Target & Predictions
GROM Stock Forecast
Grom Social Enterprises stock forecast is as follows: a rating consensus of 'Buy', based on 1 wall street analysts offering a 1-year stock forecast.
GROM Analyst Ratings
According to 1 Wall Street analysts, Grom Social Enterprises's rating consensus is 'Buy'. The analyst rating breakdown for GROM stock is 0 'Strong Buy' (0.00%), 1 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Jul 26, 2022 | EF Hutton | Buy | Buy | Hold |
Grom Social Enterprises's last stock rating was published by EF Hutton on Jul 26, 2022. The company gave GROM a "Buy" rating, the same as its previous rate.
Grom Social Enterprises Financial Forecast
Grom Social Enterprises Revenue Forecast
| Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jul 23 | Mar 23 | Dec 22 | Oct 22 | Jul 22 | Mar 22 | Dec 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | $1.20M | $1.57M | - | - | $1.23M | $1.52M |
| Avg Forecast | $802.58K | $837.64K | $874.23K | $1.70M | $1.40M | $1.20M | $1.20M | $1.70M | $1.50M | $1.71M | $1.87M | $1.71M |
| High Forecast | $802.58K | $837.64K | $874.23K | $2.19M | $1.40M | $1.20M | $1.20M | $1.70M | $1.50M | $1.71M | $1.87M | $1.71M |
| Low Forecast | $802.58K | $837.64K | $874.23K | $1.21M | $1.40M | $1.20M | $1.20M | $1.70M | $1.50M | $1.71M | $1.87M | $1.71M |
| # Analysts | - | - | - | 1 | - | - | - | - | - | - | - | - |
| Surprise % | - | - | - | - | - | - | 1.00% | 0.92% | - | - | 0.66% | 0.89% |
Grom Social Enterprises's average Quarter revenue forecast for Jul 23 based on 0 analysts is $1.20M, with a low forecast of $1.20M, and a high forecast of $1.20M. GROM's average Quarter revenue forecast represents a 0.03% increase compared to the company's last Quarter revenue of $1.20M (Mar 23).
Grom Social Enterprises EBITDA Forecast
| Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jul 23 | Mar 23 | Dec 22 | Oct 22 | Jul 22 | Mar 22 | Dec 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | 1 | - | - | - | - | - | - | - | - |
| EBITDA | - | - | - | - | - | - | $-1.49M | $-1.46M | - | - | $-1.69M | $-3.13M |
| Avg Forecast | $-546.87K | $-570.76K | $-595.70K | $-1.16M | $-953.96K | $-817.68K | $-817.68K | $-1.16M | $-1.02M | $-1.16M | $-1.27M | $-1.17M |
| High Forecast | $-546.87K | $-570.76K | $-595.70K | $-823.24K | $-953.96K | $-817.68K | $-817.68K | $-1.16M | $-1.02M | $-1.16M | $-1.27M | $-1.17M |
| Low Forecast | $-546.87K | $-570.76K | $-595.70K | $-1.49M | $-953.96K | $-817.68K | $-817.68K | $-1.16M | $-1.02M | $-1.16M | $-1.27M | $-1.17M |
| Surprise % | - | - | - | - | - | - | 1.82% | 1.26% | - | - | 1.33% | 2.68% |
undefined analysts predict GROM's average Quarter EBITDA for undefined to be $NaN, with a high of $NaN and a low of $NaN. This is NaN% lower than Grom Social Enterprises's previous annual EBITDA (undefined) of $NaN.
Grom Social Enterprises Net Income Forecast
| Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jul 23 | Mar 23 | Dec 22 | Oct 22 | Jul 22 | Mar 22 | Dec 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | 1 | - | - | - | - | - | - | - | - |
| Net Income | - | - | - | - | - | - | $-2.33M | $-8.00M | - | - | $-4.98M | $-3.07M |
| Avg Forecast | $4.33M | $3.77M | $4.43M | $-14.62M | $-15.18M | $-15.74M | $-24.18M | $-3.94M | $-5.62M | $-5.62M | $-10.29M | $-14.17M |
| High Forecast | $4.33M | $3.77M | $4.43M | $-14.62M | $-15.18M | $-15.74M | $-24.18M | $-3.94M | $-5.62M | $-5.62M | $-10.29M | $-14.17M |
| Low Forecast | $4.33M | $3.77M | $4.43M | $-14.62M | $-15.18M | $-15.74M | $-24.18M | $-3.94M | $-5.62M | $-5.62M | $-10.29M | $-14.17M |
| Surprise % | - | - | - | - | - | - | 0.10% | 2.03% | - | - | 0.48% | 0.22% |
Grom Social Enterprises's average Quarter net income forecast for undefined is $NaN, with a range of $NaN to $NaN. GROM's average Quarter net income forecast represents a NaN% decrease compared to the company's last Quarter net income of $NaN (undefined).
Grom Social Enterprises SG&A Forecast
| Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jul 23 | Mar 23 | Dec 22 | Oct 22 | Jul 22 | Mar 22 | Dec 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | 1 | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | $2.15M | $2.39M | - | - | $2.10M | $2.47M |
| Avg Forecast | $1.10M | $1.15M | $1.20M | $2.34M | $1.92M | $1.65M | $1.65M | $2.34M | $2.06M | $2.35M | $2.56M | $2.35M |
| High Forecast | $1.10M | $1.15M | $1.20M | $3.01M | $1.92M | $1.65M | $1.65M | $2.34M | $2.06M | $2.35M | $2.56M | $2.35M |
| Low Forecast | $1.10M | $1.15M | $1.20M | $1.66M | $1.92M | $1.65M | $1.65M | $2.34M | $2.06M | $2.35M | $2.56M | $2.35M |
| Surprise % | - | - | - | - | - | - | 1.31% | 1.02% | - | - | 0.82% | 1.05% |
Grom Social Enterprises's average Quarter SG&A projection for Jul 23 is $1.65M, based on 0 Wall Street analysts, with a range of $1.65M to $1.65M. The forecast indicates a -23.41% fall compared to GROM last annual SG&A of $2.15M (Mar 23).
Grom Social Enterprises EPS Forecast
| Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jul 23 | Mar 23 | Dec 22 | Oct 22 | Jul 22 | Mar 22 | Dec 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | 1 | - | - | - | - | - | - | - | - |
| EPS | - | - | - | - | - | - | $-0.43 | $-10.87 | - | - | $-10.64 | $-15.52 |
| Avg Forecast | $1.54 | $1.34 | $1.58 | $-5.20 | $-5.40 | $-5.60 | $-8.60 | $-1.40 | $-2.00 | $-2.00 | $-3.66 | $-5.04 |
| High Forecast | $1.54 | $1.34 | $1.58 | $-5.20 | $-5.40 | $-5.60 | $-8.60 | $-1.40 | $-2.00 | $-2.00 | $-3.66 | $-5.04 |
| Low Forecast | $1.54 | $1.34 | $1.58 | $-5.20 | $-5.40 | $-5.60 | $-8.60 | $-1.40 | $-2.00 | $-2.00 | $-3.66 | $-5.04 |
| Surprise % | - | - | - | - | - | - | 0.05% | 7.76% | - | - | 2.91% | 3.08% |
According to undefined Wall Street analysts, Grom Social Enterprises's projected average Quarter EPS for undefined is $NaN, with a low estimate of $NaN and a high estimate of $NaN. This represents a NaN% decrease compared to GROM previous annual EPS of $NaN (undefined).
GROM Forecast FAQ
Is Grom Social Enterprises a good buy?
Yes, according to 1 Wall Street analysts, Grom Social Enterprises (GROM) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 1 'Buy' recommendations, accounting for 100.00% of GROM's total ratings.
What are Grom Social Enterprises's analysts' financial forecasts?
GROM's analysts financial forecasts for the fiscal year (Dec 2023) are as follows: average revenue is $5.5M (high $5.99M, low $5.01M), average EBITDA is $-3.748M (high $-3.413M, low $-4.083M), average net income is $-69.718M (high $-69.718M, low $-69.718M), average SG&A $7.56M (high $8.23M, low $6.88M), and average EPS is $-24.8 (high $-24.8, low $-24.8).
Did the GROM's actual financial results beat the analysts' financial forecasts?
Based on Grom Social Enterprises's last annual report (Dec 2022), the company's revenue was $5.43M, which missed the average analysts forecast of $6.78M by -19.90%. Apple's EBITDA was $-6.164M, beating the average prediction of $-4.617M by 33.53%. The company's net income was $-16.767M, missing the average estimation of $-25.47M by -34.17%. Apple's SG&A was $8.78M, missing the average forecast of $9.31M by -5.65%. Lastly, the company's EPS was $-22.76, beating the average prediction of $-9.06 by 151.21%. In terms of the last quarterly report (Mar 2023), Grom Social Enterprises's revenue was $1.2M, missing the average analysts' forecast of $1.2M by -0.03%. The company's EBITDA was $-1.486M, beating the average prediction of $-818K by 81.69%. Grom Social Enterprises's net income was $-2.33M, missing the average estimation of $-24.176M by -90.36%. The company's SG&A was $2.15M, beating the average forecast of $1.65M by 30.57%. Lastly, the company's EPS was $-0.43, missing the average prediction of $-8.6 by -95.00%