TEGNA (TGNA) Stock Forecast, Price Target & Predictions


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TGNA Stock Forecast


TEGNA stock forecast is as follows: an average price target of $24.00 (represents a 30.43% upside from TGNA’s last price of $18.40) and a rating consensus of 'Buy', based on 3 wall street analysts offering a 1-year stock forecast.

TGNA Price Target


The average price target for TEGNA (TGNA) is $24.00 based on 1-year price targets from 3 Wall Street analysts in the past 3 months, with a price target range of $24.00 to $24.00. This represents a potential 30.43% upside from TGNA's last price of $18.40.

TGNA Analyst Ratings


Buy

According to 3 Wall Street analysts, TEGNA's rating consensus is 'Buy'. The analyst rating breakdown for TGNA stock is 0 'Strong Buy' (0.00%), 2 'Buy' (66.67%), 1 'Hold' (33.33%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

TEGNA Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
May 04, 2022Steven CahallWells Fargo$24.00$22.128.50%30.43%

The latest TEGNA stock forecast, released on May 04, 2022 by Steven Cahall from Wells Fargo, set a price target of $24.00, which represents a 8.50% increase from the stock price at the time of the forecast ($22.12), and a 30.43% increase from TGNA last price ($18.40).

TEGNA Price Target by Period


1M3M12M
# Anlaysts---
Avg Price Target---
Last Closing Price$18.40$18.40$18.40
Upside/Downside-100.00%-100.00%-100.00%

In the current month, the average price target of TEGNA stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to TEGNA's last price of $18.40. This month's average price target is down NaN% compared to last quarter, and down NaN% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Oct 14, 2024BenchmarkBuyBuyHold
Aug 30, 2024BenchmarkBuyBuyHold
Mar 20, 2024Wells FargoEqual-WeightEqual-WeightHold
Feb 27, 2023Wells FargoEqual-WeightEqual-WeightHold
Jun 06, 2022Huber ResearchOverweightUpgrade

TEGNA's last stock rating was published by Benchmark on Oct 14, 2024. The company gave TGNA a "Buy" rating, the same as its previous rate.

TEGNA Financial Forecast


TEGNA 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---------$713.24M$731.51M$740.33M$917.13M$803.11M$784.88M$774.12M$774.65M$756.49M$732.91M$727.05M$937.58M$738.39M$577.63M$684.19M$693.96M$551.86M$536.93M$516.75M$502.09M$778.47M
Avg Forecast$731.34M$683.38M$689.82M$686.80M$870.76M$795.72M$715.40M$718.86M$750.78M$717.46M$733.39M$752.01M$954.40M$835.77M$800.53M$759.87M$774.32M$747.37M$731.39M$722.65M$934.35M$704.89M$567.86M$685.46M$685.28M$538.37M$534.76M$512.67M$456.45M$445.19M
High Forecast$740.49M$691.93M$698.46M$695.40M$871.27M$796.20M$715.40M$718.86M$757.48M$717.66M$742.58M$761.42M$966.35M$835.77M$800.53M$759.87M$774.32M$747.37M$731.39M$722.65M$934.35M$704.89M$567.86M$685.46M$685.28M$538.37M$534.76M$512.67M$547.75M$534.23M
Low Forecast$721.92M$674.58M$680.95M$677.96M$870.24M$795.25M$715.40M$718.86M$744.08M$717.27M$723.96M$742.33M$942.12M$835.77M$800.53M$759.87M$774.32M$747.37M$731.39M$722.65M$934.35M$704.89M$567.86M$685.46M$685.28M$538.37M$534.76M$512.67M$365.16M$356.15M
# Analysts111242224222111122221115998812161919
Surprise %---------0.99%1.00%0.98%0.96%0.96%0.98%1.02%1.00%1.01%1.00%1.01%1.00%1.05%1.02%1.00%1.01%1.03%1.00%1.01%1.10%1.75%

TEGNA's average Quarter revenue forecast for Dec 23 based on 4 analysts is $750.78M, with a low forecast of $744.08M, and a high forecast of $757.48M. TGNA's average Quarter revenue forecast represents a 5.26% increase compared to the company's last Quarter revenue of $713.24M (Sep 23).

TEGNA 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
# Analysts111242224222111122221115998812161919
EBITDA---------$134.66M$281.60M$207.36M$362.70M$263.40M$249.35M$252.89M$240.01M$245.12M$214.59M$225.16M$413.75M$256.43M$111.90M$189.88M$220.28M$136.20M$170.21M$159.73M$143.55M$202.19M
Avg Forecast$233.09M$217.81M$219.86M$218.90M$277.53M$253.61M$228.01M$295.27M$239.29M$228.67M$233.75M$268.43M$253.91M$256.55M$245.73M$244.02M$237.69M$229.41M$224.51M$217.32M$286.81M$216.37M$174.31M$171.52M$210.35M$165.26M$164.15M$154.39M$129.19M$187.76M
High Forecast$236.01M$220.53M$222.61M$221.64M$277.69M$253.76M$228.01M$354.32M$241.42M$228.73M$236.67M$322.11M$304.69M$256.55M$245.73M$292.83M$237.69M$229.41M$224.51M$260.78M$286.81M$216.37M$174.31M$205.83M$210.35M$165.26M$164.15M$185.27M$155.03M$225.31M
Low Forecast$230.09M$215.00M$217.03M$216.08M$277.36M$253.46M$228.01M$236.21M$237.15M$228.61M$230.74M$214.74M$203.13M$256.55M$245.73M$195.22M$237.69M$229.41M$224.51M$173.85M$286.81M$216.37M$174.31M$137.22M$210.35M$165.26M$164.15M$123.51M$103.36M$150.21M
Surprise %---------0.59%1.20%0.77%1.43%1.03%1.01%1.04%1.01%1.07%0.96%1.04%1.44%1.19%0.64%1.11%1.05%0.82%1.04%1.03%1.11%1.08%

4 analysts predict TGNA's average Quarter EBITDA for Dec 23 to be $239.29M, with a high of $241.42M and a low of $237.15M. This is 77.70% upper than TEGNA's previous annual EBITDA (Sep 23) of $134.66M.

TEGNA 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
# Analysts111242224222111122221115998812161919
Net Income---------$96.18M$200.10M$104.30M$218.60M$145.83M$131.60M$134.23M$129.81M$128.40M$106.63M$112.55M$244.30M$132.22M$19.95M$86.31M$83.95M$48.35M$79.95M$73.98M$55.19M$57.71M
Avg Forecast$108.56M$72.93M$80.39M$77.07M$196.16M$144.59M$79.63M$156.72M$76.80M$64.97M$70.94M$142.48M$137.20M$123.59M$106.46M$129.52M$95.12M$82.39M$84.30M$108.11M$196.21M$81.79M$20.84M$74.95M$74.53M$44.17M$54.15M$68.50M$49.67M$55.91M
High Forecast$110.33M$74.12M$81.70M$78.33M$199.36M$144.97M$79.67M$188.07M$81.70M$65.30M$72.10M$170.97M$164.64M$123.59M$106.46M$155.43M$95.12M$82.39M$84.30M$129.73M$196.21M$81.79M$20.84M$89.94M$74.53M$44.17M$54.15M$82.20M$59.60M$67.09M
Low Forecast$106.75M$71.71M$79.04M$75.78M$192.88M$144.20M$79.60M$125.38M$70.26M$64.64M$69.75M$113.98M$109.76M$123.59M$106.46M$103.62M$95.12M$82.39M$84.30M$86.49M$196.21M$81.79M$20.84M$59.96M$74.53M$44.17M$54.15M$54.80M$39.73M$44.73M
Surprise %---------1.48%2.82%0.73%1.59%1.18%1.24%1.04%1.36%1.56%1.26%1.04%1.25%1.62%0.96%1.15%1.13%1.09%1.48%1.08%1.11%1.03%

TEGNA's average Quarter net income forecast for Dec 23 is $76.80M, with a range of $70.26M to $81.70M. TGNA's average Quarter net income forecast represents a -20.16% decrease compared to the company's last Quarter net income of $96.18M (Sep 23).

TEGNA 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
# Analysts111242224222111122221115998812161919
SG&A---------$98.39M$97.23M$111.21M$126.20M$111.95M$113.20M$123.29M$125.93M$112.32M$120.13M$106.20M$109.69M$101.21M$113.32M$114.68M$122.74M$108.23M$89.78M$86.20M$86.33M$275.00M
Avg Forecast$114.64M$107.13M$108.14M$107.66M$136.50M$124.74M$112.15M$119.05M$117.69M$112.47M$114.97M$108.23M$133.48M$131.02M$125.49M$98.39M$121.38M$117.16M$114.65M$101.95M$146.47M$110.50M$89.02M$99.59M$107.42M$84.39M$83.83M$79.81M$77.70M$266.40M
High Forecast$116.08M$108.47M$109.49M$109.01M$136.58M$124.81M$112.15M$142.86M$118.74M$112.50M$116.41M$129.88M$160.18M$131.02M$125.49M$118.07M$121.38M$117.16M$114.65M$122.34M$146.47M$110.50M$89.02M$119.51M$107.42M$84.39M$83.83M$95.78M$93.24M$319.69M
Low Forecast$113.17M$105.75M$106.74M$106.28M$136.42M$124.66M$112.15M$95.24M$116.64M$112.44M$113.49M$86.58M$106.79M$131.02M$125.49M$78.71M$121.38M$117.16M$114.65M$81.56M$146.47M$110.50M$89.02M$79.67M$107.42M$84.39M$83.83M$63.85M$62.16M$213.12M
Surprise %---------0.87%0.85%1.03%0.95%0.85%0.90%1.25%1.04%0.96%1.05%1.04%0.75%0.92%1.27%1.15%1.14%1.28%1.07%1.08%1.11%1.03%

TEGNA's average Quarter SG&A projection for Dec 23 is $117.69M, based on 4 Wall Street analysts, with a range of $116.64M to $118.74M. The forecast indicates a 19.61% rise compared to TGNA last annual SG&A of $98.39M (Sep 23).

TEGNA 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
# Analysts111242224222111122221115998812161919
EPS---------$0.48$0.92$0.46$0.97$0.65$0.59$0.60$0.58$0.58$0.48$0.51$1.11$0.60$0.09$0.40$0.39$0.22$0.37$0.34$0.26$0.27
Avg Forecast$0.66$0.44$0.48$0.47$1.18$0.87$0.48$0.44$0.46$0.39$0.43$0.46$1.07$0.73$0.63$0.54$0.56$0.48$0.50$0.49$1.16$0.48$0.12$0.38$0.44$0.26$0.32$0.27$0.27$0.31
High Forecast$0.67$0.45$0.49$0.47$1.20$0.87$0.48$0.44$0.49$0.39$0.43$0.47$1.09$0.73$0.63$0.54$0.56$0.48$0.50$0.49$1.16$0.48$0.12$0.38$0.44$0.26$0.32$0.27$0.32$0.37
Low Forecast$0.64$0.43$0.48$0.46$1.16$0.87$0.48$0.44$0.42$0.39$0.42$0.45$1.05$0.73$0.63$0.54$0.56$0.48$0.50$0.49$1.16$0.48$0.12$0.38$0.44$0.26$0.32$0.27$0.22$0.25
Surprise %---------1.22%2.15%1.00%0.91%0.89%0.94%1.12%1.04%1.20%0.97%1.04%0.96%1.25%0.73%1.04%0.89%0.85%1.16%1.27%0.96%0.87%

According to 4 Wall Street analysts, TEGNA's projected average Quarter EPS for Dec 23 is $0.46, with a low estimate of $0.42 and a high estimate of $0.49. This represents a -3.47% decrease compared to TGNA previous annual EPS of $0.48 (Sep 23).

TEGNA Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
IHRTiHeartMedia$2.06$5.00142.72%Buy
GTNGray Television$3.29$7.00112.77%Buy
TGNATEGNA$18.10$24.0032.60%Buy

TGNA Forecast FAQ


Is TEGNA a good buy?

Yes, according to 3 Wall Street analysts, TEGNA (TGNA) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 2 'Buy' recommendations, accounting for 66.67% of TGNA's total ratings.

What is TGNA's price target?

TEGNA (TGNA) average price target is $24 with a range of $24 to $24, implying a 30.43% from its last price of $18.4. The data is based on 3 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will TEGNA stock go up soon?

According to Wall Street analysts' prediction for TGNA stock, the company can go up by 30.43% (from the last price of $18.4 to the average price target of $24), up by 30.43% based on the highest stock price target, and up by 30.43% based on the lowest stock price target.

Can TEGNA stock reach $30?

TGNA's average twelve months analyst stock price target of $24 does not support the claim that TEGNA can reach $30 in the near future.

What are TEGNA's analysts' financial forecasts?

TEGNA's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $3.1B (high $3.1B, low $3.1B), average EBITDA is $1.05B (high $1.11B, low $995.05M), average net income is $577.11M (high $612.06M, low $542.06M), average SG&A $492.43M (high $516.4M, low $468.47M), and average EPS is $2.97 (high $2.99, low $2.95). TGNA's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $2.79B (high $2.83B, low $2.76B), average EBITDA is $889.65M (high $900.79M, low $878.2M), average net income is $338.95M (high $344.47M, low $333.28M), average SG&A $437.57M (high $443.05M, low $431.94M), and average EPS is $2.04 (high $2.08, low $2.01).

Did the TGNA's actual financial results beat the analysts' financial forecasts?

Based on TEGNA's last annual report (Dec 2023), the company's revenue was $2.91B, which missed the average analysts forecast of $2.95B by -1.45%. Apple's EBITDA was $733.54M, missing the average prediction of $970.13M by -24.39%. The company's net income was $476.72M, beating the average estimation of $355.19M by 34.22%. Apple's SG&A was $412M, missing the average forecast of $453.36M by -9.12%. Lastly, the company's EPS was $2.29, beating the average prediction of $1.75 by 31.21%. In terms of the last quarterly report (Sep 2023), TEGNA's revenue was $713.24M, missing the average analysts' forecast of $717.46M by -0.59%. The company's EBITDA was $134.66M, missing the average prediction of $228.67M by -41.11%. TEGNA's net income was $96.18M, beating the average estimation of $64.97M by 48.03%. The company's SG&A was $98.39M, missing the average forecast of $112.47M by -12.51%. Lastly, the company's EPS was $0.48, beating the average prediction of $0.392 by 22.45%