Warner Music Group Corp. (WMG) Stock Forecast
WMG analyst forecast
as of October 18, 2026- Analyst consensus
- Buy 4.47 / 5 from 17 analysts
- Price target
- $38.00 average of analyst targets
- Upside to target
- +21.0% from the latest close
- Next earnings
- November 19, 2026 EPS estimate $0.38
- 52-week range
- $23.65 – $34.72
WMG analyst ratings
17 analystsNumber of analysts at each rating.
WMG price target
The average of analyst 12-month price targets compared with the latest close and the 52-week range.
WMG earnings per share estimates
| Period | Average | Low | High | Year ago | Growth | Analysts |
|---|---|---|---|---|---|---|
| Next quarter (Dec '26) | $0.51 | $0.47 | $0.58 | $0.43 | +18.4% | 3 |
| Current fiscal year (FY2026) | $1.78 | $1.43 | $1.96 | $1.22 | +45.7% | 6 |
| Next fiscal year (FY2027) | $1.97 | $1.72 | $2.19 | $1.78 | +10.4% | 6 |
Consensus EPS estimates; growth compares the average estimate with the year-ago EPS.
WMG revenue estimates
| Period | Average | Low | High | Growth | Analysts |
|---|---|---|---|---|---|
| Next quarter (Dec '26) | $1.96B | $1.94B | $1.97B | +6.3% | 7 |
| Current fiscal year (FY2026) | $7.34B | $7.27B | $7.47B | +9.4% | 16 |
| Next fiscal year (FY2027) | $7.79B | $7.64B | $8.03B | +6.2% | 15 |
WMG EPS: reported and forecast
Fiscal years; "E" marks estimates, the line shows the range from the lowest to the highest estimate.
WMG revenue: reported and forecast
WMG EPS estimate revisions
| Period | 90 days ago | 60 days ago | 30 days ago | 7 days ago | Now | Change (90 d) | Revisions (30 d) |
|---|---|---|---|---|---|---|---|
| Next quarter (Dec '26) | $0.49 | $0.48 | $0.48 | $0.48 | $0.51 | +5.3% | 0 up · 2 down |
| Current fiscal year (FY2026) | $1.84 | $1.78 | $1.78 | $1.78 | $1.78 | −3.4% | 1 up · 1 down |
| Next fiscal year (FY2027) | $1.96 | $1.97 | $1.97 | $1.97 | $1.97 | +0.4% | 0 up · 2 down |
How the consensus EPS estimate changed over the last 90 days, and how many analysts raised or lowered it in the last 30 days.
WMG earnings surprises
Reported EPS vs the consensus estimate for the last 12 quarters; WMG beat in 9 of 12.
What analysts expect from WMG
17 analysts cover Warner Music; their consensus rating is buy (4.47 on a 1–5 scale, where 5 is a strong buy). The average price target is $38.00, 21.0% above the latest close of $31.40. Analysts expect earnings of $1.78 per share for FY2026, +45.7% from a year earlier. For FY2027 the average estimate is $1.97 per share on revenue of $7.8 billion. Warner Music beat the EPS estimate in 9 of the last 12 quarters.
Related: WMG income statement, WMG key metrics, WMG chart. See the WMG stock overview for the latest quote and news.
WMG forecast FAQ
What is Warner Music's price target?
The average analyst price target for Warner Music is $38.00, 21.0% above the latest close of $31.40.
Is Warner Music a buy, hold or sell?
Of 17 analysts covering Warner Music, 11 rate it a strong buy, 3 a buy, 3 a hold, 0 a sell and 0 a strong sell, a consensus of buy. Ratings are opinions, not a recommendation from Quotelinks.
What is Warner Music's EPS forecast?
Analysts forecast $1.78 per share for FY2026 (range $1.43 to $1.96); for FY2027 the estimate is $1.97.
What is Warner Music's revenue forecast?
The average revenue estimate for FY2026 is $7.3 billion, growth of 9.4%; for FY2027 it is $7.8 billion.
When does Warner Music report earnings?
Warner Music is expected to report results for the quarter ending September 30, 2026 on November 19, 2026 after the market closes; the EPS estimate is $0.38.
Does Warner Music usually beat earnings estimates?
Warner Music reported EPS at or above the analyst estimate in 9 of the last 12 quarters.