Sinclair Broadcast Group (SBGI) Stock Forecast, Price Target & Predictions


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SBGI Stock Forecast


Sinclair Broadcast Group stock forecast is as follows: an average price target of $27.43 (represents a 98.77% upside from SBGI’s last price of $13.80) and a rating consensus of 'Buy', based on 8 wall street analysts offering a 1-year stock forecast.

SBGI Price Target


The average price target for Sinclair Broadcast Group (SBGI) is $27.43 based on 1-year price targets from 8 Wall Street analysts in the past 3 months, with a price target range of $50.00 to $15.70. This represents a potential 98.77% upside from SBGI's last price of $13.80.

SBGI Analyst Ratings


Buy

According to 8 Wall Street analysts, Sinclair Broadcast Group's rating consensus is 'Buy'. The analyst rating breakdown for SBGI stock is 0 'Strong Buy' (0.00%), 5 'Buy' (62.50%), 2 'Hold' (25.00%), 1 'Sell' (12.50%), and 0 'Strong Sell' (0.00%).

Sinclair Broadcast Group Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Feb 07, 2024Barton CrockettRosenblatt Securities$15.70$14.696.88%13.77%
Apr 04, 2023David KarnovskyJ.P. Morgan$16.00$16.61-3.67%15.94%
Oct 05, 2022Edward ReillyEF Hutton$50.00$19.16160.96%262.32%
Sep 06, 2022Barton CrockettRosenblatt Securities$24.00$21.839.94%73.91%
May 23, 2022-Deutsche Bank$28.00$24.9612.18%102.90%
Apr 26, 2022Edward ReillyEF Hutton$41.00$22.9178.96%197.10%
Apr 19, 2022-Rosenblatt Securities$21.00$24.38-13.86%52.17%
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The latest Sinclair Broadcast Group stock forecast, released on Feb 07, 2024 by Barton Crockett from Rosenblatt Securities, set a price target of $15.70, which represents a 6.88% increase from the stock price at the time of the forecast ($14.69), and a 13.77% increase from SBGI last price ($13.80).

Sinclair Broadcast Group Price Target by Period


1M3M12M
# Anlaysts--1
Avg Price Target--$15.70
Last Closing Price$13.80$13.80$13.80
Upside/Downside-100.00%-100.00%13.77%

In the current month, the average price target of Sinclair Broadcast Group stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Sinclair Broadcast Group's last price of $13.80. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Aug 06, 2024OppenheimerOutperformOutperformHold
Aug 06, 2024GuggenheimBuyBuyHold
Jul 09, 2024Wells FargoUnderweightUnderweightHold
Jul 09, 2024BenchmarkBuyBuyHold
Apr 05, 2024BenchmarkBuyBuyHold
Mar 20, 2024BarclaysEqual-WeightEqual-WeightHold
Mar 06, 2024Wells FargoUnderweightUnderweightHold
Feb 07, 2024BarclaysEqual-WeightEqual-WeightHold
Dec 20, 2023CitigroupBuyBuyHold
Dec 05, 2023Deutsche BankHoldHoldHold
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Sinclair Broadcast Group's last stock rating was published by Oppenheimer on Aug 06, 2024. The company gave SBGI a "Outperform" rating, the same as its previous rate.

Sinclair Broadcast Group Financial Forecast


Sinclair Broadcast Group Revenue Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17
Revenue---------$767.00M$768.00M$773.00M$960.00M$843.00M$837.00M$1.29B$1.48B$1.53B$1.61B$1.51B$1.51B$1.54B$1.28B$1.61B$1.62B$1.13B$770.72M$722.10M$665.35M$649.93M
Avg Forecast$844.21M$825.60M$817.82M$811.91M$1.02B$911.10M$836.65M$801.31M$838.75M$754.75M$767.21M$774.14M$981.29M$839.54M$1.53B$1.56B$1.58B$1.61B$1.48B$1.51B$1.50B$1.41B$1.65B$1.62B$749.86M$765.56M$708.44M$941.87M$934.73M$591.06M
High Forecast$854.65M$835.81M$827.93M$821.95M$1.03B$922.37M$846.99M$811.22M$840.63M$764.08M$776.70M$783.72M$993.42M$849.92M$1.54B$1.57B$1.59B$1.62B$1.49B$1.53B$1.52B$1.42B$1.66B$1.63B$755.86M$771.69M$714.11M$1.13B$1.12B$709.27M
Low Forecast$822.96M$804.82M$797.23M$791.47M$993.71M$888.17M$815.59M$781.14M$836.86M$735.75M$747.90M$754.66M$956.59M$818.41M$1.52B$1.54B$1.56B$1.59B$1.47B$1.50B$1.49B$1.39B$1.63B$1.60B$741.78M$757.31M$700.81M$753.50M$747.78M$472.85M
# Analysts111124224222111122669999555121914
Surprise %---------1.02%1.00%1.00%0.98%1.00%0.55%0.82%0.94%0.96%1.09%1.00%1.01%1.09%0.78%0.99%2.16%1.47%1.09%0.77%0.71%1.10%

Sinclair Broadcast Group's average Quarter revenue forecast for Dec 23 based on 4 analysts is $838.75M, with a low forecast of $836.86M, and a high forecast of $840.63M. SBGI's average Quarter revenue forecast represents a 9.35% increase compared to the company's last Quarter revenue of $767.00M (Sep 23).

Sinclair Broadcast Group EBITDA Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17
# Analysts111124224222111122669999555121914
EBITDA---------$92.00M$36.00M$134.00M$326.00M$236.00M$68.00M$177.00M$526.00M$762.00M$735.00M$835.00M$906.00M$-3.14B$652.00M$856.00M$836.00M$286.67M$164.44M$147.54M$168.17M$212.63M
Avg Forecast$151.51M$148.17M$146.77M$145.71M$182.95M$163.51M$150.15M$143.81M$150.53M$135.45M$137.69M$138.93M$176.11M$150.67M$275.04M$1.35B$283.16M$288.28M$265.96M$1.44B$269.77M$252.47M$295.93M$290.44M$134.58M$137.39M$127.14M$181.97M$216.62M$191.45M
High Forecast$153.38M$150.00M$148.59M$147.51M$185.21M$165.54M$152.01M$145.59M$150.87M$137.13M$139.39M$140.65M$178.29M$152.53M$277.24M$1.62B$285.42M$290.59M$268.09M$1.73B$271.93M$254.49M$298.30M$292.77M$135.65M$138.49M$128.16M$218.36M$259.95M$229.74M
Low Forecast$147.70M$144.44M$143.08M$142.04M$178.34M$159.40M$146.37M$140.19M$150.19M$132.04M$134.22M$135.44M$171.68M$146.88M$272.07M$1.08B$280.11M$285.18M$263.09M$1.15B$266.86M$249.75M$292.74M$287.31M$133.13M$135.91M$125.77M$145.57M$173.30M$153.16M
Surprise %---------0.68%0.26%0.96%1.85%1.57%0.25%0.13%1.86%2.64%2.76%0.58%3.36%-12.44%2.20%2.95%6.21%2.09%1.29%0.81%0.78%1.11%

4 analysts predict SBGI's average Quarter EBITDA for Dec 23 to be $150.53M, with a high of $150.87M and a low of $150.19M. This is 63.62% upper than Sinclair Broadcast Group's previous annual EBITDA (Sep 23) of $92.00M.

Sinclair Broadcast Group Net Income Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17
# Analysts111124224222111122669999555121914
Net Income---------$-46.00M$-89.00M$185.00M$55.00M$29.00M$-6.00M$2.59B$-41.00M$19.00M$-328.00M$-12.00M$467.00M$-3.37B$252.00M$123.00M$87.00M$-60.00M$42.30M$21.67M$43.12M$57.20M
Avg Forecast$-7.73M$-26.94M$-17.83M$-14.08M$143.73M$61.54M$-5.18M$-23.44M$33.65M$-34.75M$-37.45M$-21.31M$13.63M$47.72M$-67.62M$-19.37M$-57.01M$-286.96M$-121.13M$-20.72M$-209.65M$322.43M$2.72M$3.51B$13.24M$33.87M$20.63M$26.73M$55.55M$51.50M
High Forecast$-7.48M$-26.06M$-17.25M$-13.62M$146.04M$62.53M$-5.02M$-18.75M$46.08M$-33.61M$-36.22M$-17.05M$13.85M$57.26M$-66.68M$-15.50M$-56.21M$-282.94M$-119.43M$-16.57M$-206.72M$325.78M$2.75M$4.22B$13.38M$34.22M$20.84M$32.07M$66.66M$61.80M
Low Forecast$-7.86M$-27.38M$-18.12M$-14.31M$139.03M$59.53M$-5.27M$-28.13M$21.21M$-35.31M$-38.05M$-25.57M$13.19M$38.17M$-68.33M$-23.25M$-57.61M$-289.95M$-122.39M$-24.86M$-211.83M$317.91M$2.68M$2.81B$13.05M$33.39M$20.34M$21.38M$44.44M$41.20M
Surprise %---------1.32%2.38%-8.68%4.03%0.61%0.09%-133.55%0.72%-0.07%2.71%0.58%-2.23%-10.44%92.60%0.03%6.57%-1.77%2.05%0.81%0.78%1.11%

Sinclair Broadcast Group's average Quarter net income forecast for Jun 23 is $-37.45M, with a range of $-38.05M to $-36.22M. SBGI's average Quarter net income forecast represents a -120.24% decrease compared to the company's last Quarter net income of $185.00M (Mar 23).

Sinclair Broadcast Group SG&A Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17
# Analysts111124224222111122669999555121914
SG&A---------$239.00M$252.00M$271.00M$252.00M$242.00M$254.00M$292.00M$271.00M$263.00M$270.00M$274.00M$261.00M$242.00M$218.00M$259.00M$292.00M$422.00M$216.41M$187.65M$171.50M$145.30M
Avg Forecast$230.08M$225.00M$222.88M$221.27M$277.81M$248.31M$228.01M$535.21M$228.59M$205.69M$209.09M$486.55M$267.43M$660.52M$417.66M$442.32M$429.99M$437.77M$403.87M$473.07M$409.66M$383.39M$449.38M$441.05M$204.36M$208.64M$193.07M$231.43M$220.91M$130.82M
High Forecast$232.92M$227.79M$225.64M$224.01M$281.25M$251.38M$230.83M$642.25M$229.10M$208.24M$211.68M$583.86M$270.74M$792.62M$421.00M$530.78M$433.43M$441.28M$407.10M$567.68M$412.93M$386.46M$452.98M$444.58M$206.00M$210.31M$194.62M$277.72M$265.09M$156.99M
Low Forecast$224.28M$219.34M$217.27M$215.70M$270.82M$242.06M$222.28M$428.17M$228.07M$200.52M$203.83M$389.24M$260.70M$528.41M$413.16M$353.86M$425.36M$433.06M$399.52M$378.46M$405.24M$379.26M$444.54M$436.30M$202.16M$206.39M$190.99M$185.15M$176.73M$104.66M
Surprise %---------1.16%1.21%0.56%0.94%0.37%0.61%0.66%0.63%0.60%0.67%0.58%0.64%0.63%0.49%0.59%1.43%2.02%1.12%0.81%0.78%1.11%

Sinclair Broadcast Group's average Quarter SG&A projection for Dec 23 is $228.59M, based on 4 Wall Street analysts, with a range of $228.07M to $229.10M. The forecast indicates a -4.36% fall compared to SBGI last annual SG&A of $239.00M (Sep 23).

Sinclair Broadcast Group EPS Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17
# Analysts111124224222111122669999555121914
EPS---------$-0.73$-1.39$2.65$0.79$0.41$-0.08$35.85$-0.55$0.25$-4.35$0.35$6.32$-45.01$3.13$1.36$0.95$-0.53$0.46$0.23$0.42$0.62
Avg Forecast$-0.12$-0.41$-0.27$-0.21$2.17$0.93$-0.08$-0.24$0.51$-0.53$-0.57$-0.58$0.21$-0.13$-1.02$0.08$-0.86$-4.34$-1.83$4.98$-3.17$4.87$0.04$1.02$0.20$0.51$0.31$0.37$0.76$0.28
High Forecast$-0.11$-0.39$-0.26$-0.21$2.21$0.94$-0.08$-0.24$0.70$-0.51$-0.55$-0.56$0.21$-0.12$-1.01$0.08$-0.85$-4.27$-1.80$5.03$-3.12$4.92$0.04$1.03$0.20$0.52$0.31$0.44$0.91$0.33
Low Forecast$-0.12$-0.41$-0.27$-0.22$2.10$0.90$-0.08$-0.25$0.32$-0.53$-0.57$-0.59$0.20$-0.13$-1.03$0.08$-0.87$-4.38$-1.85$4.91$-3.20$4.80$0.04$1.01$0.20$0.50$0.31$0.30$0.61$0.22
Surprise %---------1.39%2.46%-4.58%3.83%-3.19%0.08%454.90%0.64%-0.06%2.38%0.07%-2.00%-9.24%76.12%1.33%4.75%-1.04%1.48%0.62%0.55%2.21%

According to 2 Wall Street analysts, Sinclair Broadcast Group's projected average Quarter EPS for Jun 23 is $-0.57, with a low estimate of $-0.57 and a high estimate of $-0.55. This represents a -121.35% decrease compared to SBGI previous annual EPS of $2.65 (Mar 23).

Sinclair Broadcast Group Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
AMCXAMC Networks$8.69$26.67206.90%Hold
SBGISinclair Broadcast Group$13.80$27.4398.77%Buy
LGF-ALions Gate Entertainment$7.87$11.7549.30%Buy
MCSMarcus$14.49$20.0038.03%Buy
WMGWarner Music Group$29.02$38.1831.56%Buy
NXSTNexstar Media Group$166.97$205.4023.02%Buy
FWONAFormula One Group$70.03$83.0018.52%Buy
FOXFox$36.78$40.6710.58%Buy

SBGI Forecast FAQ


Yes, according to 8 Wall Street analysts, Sinclair Broadcast Group (SBGI) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 5 'Buy' recommendations, accounting for 62.50% of SBGI's total ratings.

Sinclair Broadcast Group (SBGI) average price target is $27.43 with a range of $15.7 to $50, implying a 98.77% from its last price of $13.8. The data is based on 8 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for SBGI stock, the company can go up by 98.77% (from the last price of $13.8 to the average price target of $27.43), up by 262.32% based on the highest stock price target, and up by 13.77% based on the lowest stock price target.

SBGI's average twelve months analyst stock price target of $27.43 supports the claim that Sinclair Broadcast Group can reach $20 in the near future.

Sinclair Broadcast Group's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $3.57B (high $3.61B, low $3.48B), average EBITDA is $640.42M (high $648.34M, low $624.3M), average net income is $176.65M (high $184.81M, low $165.16M), average SG&A $1.29B (high $1.41B, low $1.16B), and average EPS is $2.78 (high $2.84, low $2.67). SBGI's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $3.3B (high $3.34B, low $3.22B), average EBITDA is $592.16M (high $599.49M, low $577.26M), average net income is $-66.589M (high $-64.41M, low $-67.66M), average SG&A $899.23M (high $910.35M, low $876.6M), and average EPS is $-1.006 (high $-0.973, low $-1.022).

Based on Sinclair Broadcast Group's last annual report (Dec 2022), the company's revenue was $3.93B, which missed the average analysts forecast of $4.91B by -20.08%. Apple's EBITDA was $807M, missing the average prediction of $1.95B by -58.61%. The company's net income was $2.65B, missing the average estimation of $-25.643M by -10442.12%. Apple's SG&A was $972M, missing the average forecast of $1.79B by -45.64%. Lastly, the company's EPS was $37.54, missing the average prediction of $-0.865 by -4438.88%. In terms of the last quarterly report (Sep 2023), Sinclair Broadcast Group's revenue was $767M, beating the average analysts' forecast of $754.75M by 1.62%. The company's EBITDA was $92M, missing the average prediction of $135.45M by -32.08%. Sinclair Broadcast Group's net income was $-46M, beating the average estimation of $-34.749M by 32.38%. The company's SG&A was $239M, beating the average forecast of $205.69M by 16.19%. Lastly, the company's EPS was $-0.73, beating the average prediction of $-0.525 by 39.05%