In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Salem Media Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Earnings and Revenue Growth Forecasts

OTCPK:SALM - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
9/30/2024	244	-9	-18	-12	N/A
6/30/2024	249	-34	-15	-8	N/A
3/31/2024	254	-43	-11	-4	N/A
12/31/2023	259	-43	-13	-4	N/A
9/30/2023	262	-46	-15	-4	N/A
6/30/2023	265	-26	-16	-4	N/A
3/31/2023	268	-10	-10	3	N/A
12/31/2022	267	-3	-6	8	N/A
9/30/2022	267	16	5	18	N/A
6/30/2022	266	50	7	20	N/A
3/31/2022	262	43	5	18	N/A
12/31/2021	258	42	12	22	N/A
9/30/2021	254	28	6	14	N/A
6/30/2021	248	6	8	14	N/A
3/31/2021	237	1	19	24	N/A
12/31/2020	236	-54	18	23	N/A
9/30/2020	236	-62	20	26	N/A
6/30/2020	240	-82	23	28	N/A
3/31/2020	252	-83	9	16	N/A
12/31/2019	254	-28	9	17	N/A
9/30/2019	256	-26	8	17	N/A
6/30/2019	258	-5	11	21	N/A
3/31/2019	259	-4	10	19	N/A
12/31/2018	263	-3	14	23	N/A
9/30/2018	263	22	14	22	N/A
6/30/2018	263	21	N/A	21	N/A
3/31/2018	263	24	N/A	31	N/A
12/31/2017	264	25	N/A	27	N/A
9/30/2017	267	5	N/A	38	N/A
6/30/2017	273	7	N/A	36	N/A
3/31/2017	275	10	N/A	37	N/A
12/31/2016	274	9	N/A	39	N/A
9/30/2016	273	11	N/A	37	N/A
6/30/2016	269	11	N/A	40	N/A
3/31/2016	269	11	N/A	40	N/A
12/31/2015	266	11	N/A	36	N/A
9/30/2015	263	6	N/A	40	N/A
6/30/2015	265	8	N/A	37	N/A
3/31/2015	266	5	N/A	39	N/A
12/31/2014	267	5	N/A	42	N/A
9/30/2014	263	11	N/A	35	N/A
6/30/2014	252	12	N/A	38	N/A
3/31/2014	244	16	N/A	37	N/A
12/31/2013	237	-3	N/A	29	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if SALM's forecast earnings growth is above the savings rate (2.6%).

Earnings vs Market: Insufficient data to determine if SALM's earnings are forecast to grow faster than the US market

High Growth Earnings: Insufficient data to determine if SALM's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if SALM's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if SALM's revenue is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if SALM's Return on Equity is forecast to be high in 3 years time

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/30 14:04
End of Day Share Price	2024/12/30 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Salem Media Group, Inc. is covered by 6 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Stephen Weiss	BofA Global Research
Eric Wold	B. Riley Securities, Inc.
Barry Lucas	G. Research, LLC

Salem Media Group Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

Consensus EPS estimates fall by 233%

Consensus EPS estimates fall by 58%

Salem Media Group, Inc. Provides Earnings Guidance for the Third Quarter of 2023

Price target decreased by 8.1% to US$4.25

Salem Media Group, Inc. Provides Earnings Guidance for the Second Quarter of 2023

Consensus EPS estimates fall by 35%

Recent updates

Educational Media Foundation agreed to acquire Contemporary Christian Music radio stations in Atlanta,Cleveland,Colorado Springs, Dallas,Portland from Salem Media Group, Inc. (OTCPK:SALM) for $80 million.

Salem Media Group, Inc. and Breitbart News Network Announce the Launch of “The Alex Marlow Show”

Salemnow Launches “Government Gangsters” Featuring Kash Patel

Salem Media Group, Inc. Launches "Letter to the American Church" Featuring Eric Metaxas

Salem Radio Network Announces New Radio/Tv Show Focused on Issues Facing the House of Representatives

Salem Media Group Files Form 15

Salem Media Group, Inc.(OTCPK:SALM) dropped from NASDAQ Composite Index

Salem Media Group Announces Voluntary Delisting from the Nasdaq Global Market

Salem Media Group Announces Voluntary Delisting from the Nasdaq Global Market

Skyhorse Publishing, Inc. entered into an agreement to acquire Regnery Publishing, Inc from Salem Media Group, Inc. (NasdaqGM:SALM)

Consensus EPS estimates fall by 233%

New minor risk - Profitability

Salem Media Group, Inc. to Report Q3, 2023 Results on Nov 13, 2023

Educational Media Foundation entered into an agreement to acquire Greenville-Spartanburg stations from Salem Media Group, Inc. (NasdaqGM:SALM).

Consensus EPS estimates fall by 58%

Salem Media Group, Inc. Provides Earnings Guidance for the Third Quarter of 2023

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Salem Media Group, Inc. to Report Q2, 2023 Results on Aug 08, 2023

Here's Why Salem Media Group (NASDAQ:SALM) Is Weighed Down By Its Debt Load

Price target decreased by 8.1% to US$4.25

Salem Media Group Receives a Letter from Nasdaq Regarding Minimum Bid Price Requirement

Salem Media Group, Inc. (NasdaqGM:SALM) acquired Digital Felt Productions for $0.02 million.

First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Salem Media Group, Inc. Provides Earnings Guidance for the Second Quarter of 2023

Salem Media Group, Inc. to Report Q1, 2023 Results on May 09, 2023

Consensus EPS estimates fall by 35%

Full year 2022 earnings: EPS misses analyst expectations

Price target decreased by 11% to US$5.13

Investor sentiment improves as stock rises 16%

Salem Media Group Announces the Promotion of Andy Massingill to the Position of Senior Director of Digital Sales

Salem Media Group (NASDAQ:SALM) Seems To Be Using A Lot Of Debt

Salem Media Group Promotes John Gallagher to Chicago from Little Rock as General Manager

Consensus EPS estimates have been downgraded.

Third quarter 2022 earnings: EPS and revenues miss analyst expectations

Salem Media Group, Inc. Provides Revenue Guidance for the Fourth Quarter 2022

Is Salem Media Group, Inc. (NASDAQ:SALM) Potentially Undervalued?

Salem Media Group, Inc. to Report Q3, 2022 Results on Nov 03, 2022

Salem Media Group, Inc. (NasdaqGM:SALM) has entered into an agreement to acquire Assets of WMYM AM 990 and FM 98.7 in Miami from Actualidad Media Group LLC.

Here's Why We Think Salem Media Group (NASDAQ:SALM) Might Deserve Your Attention Today

Chris Stigall signs multi-year extension with Philadelphia's AM 990

Salem Media Group, Inc. Announces Executive Changes

Consensus forecasts updated

Salem Media Group, Inc. Updates Third Quarter Revenue Guidance

Salem Media sees Q3 revenue flat to up 2% y/y

Salem Media Group, Inc. Appoints Tara Loring as Eastern Regional Digital Sales Director

Is Salem Media Group (NASDAQ:SALM) Using Too Much Debt?

Consensus forecasts updated

Consensus forecasts updated

Salem Media Group, Inc. Provides Revenue Guidance for the Third Quarter 2022

Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Salem Media Group, Inc. to Report Q2, 2022 Results on Aug 04, 2022

Is It Too Late To Consider Buying Salem Media Group, Inc. (NASDAQ:SALM)?

Is Now The Time To Put Salem Media Group (NASDAQ:SALM) On Your Watchlist?

Consensus forecasts updated

Salem Media Group, Inc. Provides Revenue Guidance for the Second Quarter of 2022

First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Salem Media Group (NASDAQ:SALM) Takes On Some Risk With Its Use Of Debt

Salem Media Group, Inc. to Report Q1, 2022 Results on May 10, 2022

Price target increased to US$5.75

Salem Media Group, Inc. Announces Promotion of Jonathan Garthwaite to Senior Vice President & Publisher, Townhall Media

Salem Media Group, Inc. Provides Earnings Guidance for the First Quarter of 2022

Full year 2021 earnings: EPS and revenues exceed analyst expectations

Salem Media Group, Inc. to Report Q4, 2021 Results on Mar 03, 2022

Investor sentiment improved over the past week

Salem Media Group (NASDAQ:SALM) Has A Somewhat Strained Balance Sheet

Investor sentiment deteriorated over the past week

President of Broadcast Media notifies of intention to sell stock

Third quarter 2021 earnings released: EPS US$0.82 (vs US$0.012 in 3Q 2020)

Investor sentiment improved over the past week