NXST Stock - Nexstar Media Group, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $5.41B | $4.93B | $5.21B | $4.65B | $4.50B |
| Gross Profit | $3.19B | $2.81B | $3.21B | $2.79B | $2.78B |
| Gross Margin | 58.9% | 56.9% | 61.5% | 59.9% | 61.8% |
| Operating Income | $1.27B | $708.00M | $1.31B | $1.18B | $1.38B |
| Net Income | $722.00M | $346.00M | $971.00M | $834.00M | $811.50M |
| Net Margin | 13.4% | 7.0% | 18.6% | 17.9% | 18.0% |
| EPS | $21.73 | $9.80 | $24.68 | $19.81 | $18.06 |
Nexstar Media Group, Inc., a television broadcasting and digital media company, focuses on the acquisition, development, and operation of television stations and interactive community websites and digital media services in the United States. The company offers free programming to television viewing audiences. As of December 31, 2020, it provided sales, programming, and other services through various local service agreements to 37 power television stations owned by independent third parties; and owned, operated, programmed, or provided sales and other services to 198 television stations. The company also offers video and display advertising platforms that are delivered locally or nationally through its own and various third party websites and mobile applications, as well as owns WGN America, a national general entertainment cable network. Its stations are affiliates of ABC, NBC, FOX, CBS, The CW, MyNetworkTV, and other broadcast television networks. The company was formerly known as Nexstar Broadcasting Group, Inc. and changed its name to Nexstar Media Group, Inc. in January 2017. Nexstar Media Group, Inc. was founded in 1996 and is headquartered in Irving, Texas.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| February 28th 2025 | Loop Capital | Upgrade | Buy | $200 |
| November 8th 2024 | Loop Capital | Downgrade | Hold | $190← $200 |
| May 13th 2024 | Wells Fargo | Upgrade | Overweight | $221← $190 |
| December 8th 2023 | Citigroup | Initiation | Neutral | $158 |
| November 9th 2022 | Wells Fargo | Downgrade | Equal Weight | $175← $227 |
| September 6th 2022 | Rosenblatt | Upgrade | Buy | $246← $181 |
| April 19th 2022 | Rosenblatt | Initiation | Neutral | $180 |
Earnings History & Surprises
NXSTEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 6, 2026 | — | — | — | — |
Q1 2026 | Feb 26, 2026 | $4.01 | — | — | — |
Q4 2025 | Nov 6, 2025 | $2.62 | $2.14 | -18.3% | ✗ MISS |
Q3 2025 | Aug 7, 2025 | $2.95 | $3.06 | +3.7% | ✓ BEAT |
Q2 2025 | May 8, 2025 | $3.26 | $3.37 | +3.4% | ✓ BEAT |
Q1 2025 | Feb 27, 2025 | $9.22 | $7.56 | -18.0% | ✗ MISS |
Q4 2024 | Nov 7, 2024 | $5.41 | $5.27 | -2.6% | ✗ MISS |
Q3 2024 | Aug 8, 2024 | $4.17 | $3.54 | -15.1% | ✗ MISS |
Q2 2024 | May 9, 2024 | $3.97 | $5.16 | +30.0% | ✓ BEAT |
Q1 2024 | Feb 28, 2024 | $4.15 | $3.32 | -20.0% | ✗ MISS |
Q4 2023 | Nov 8, 2023 | $1.23 | $0.70 | -43.1% | ✗ MISS |
Q3 2023 | Aug 8, 2023 | $2.35 | $2.64 | +12.3% | ✓ BEAT |
Q2 2023 | May 9, 2023 | $2.67 | $2.97 | +11.2% | ✓ BEAT |
Q1 2023 | Feb 28, 2023 | $7.57 | $8.04 | +6.2% | ✓ BEAT |
Q4 2022 | Nov 8, 2022 | $5.41 | $7.30 | +34.9% | ✓ BEAT |
Q3 2022 | Aug 4, 2022 | $5.06 | $5.56 | +9.9% | ✓ BEAT |
Q2 2022 | May 10, 2022 | $4.89 | $5.99 | +22.5% | ✓ BEAT |
Q1 2022 | Feb 22, 2022 | $4.96 | $6.19 | +24.8% | ✓ BEAT |
Q4 2021 | Nov 2, 2021 | $3.82 | $4.05 | +6.0% | ✓ BEAT |
Q3 2021 | Aug 4, 2021 | $3.70 | $4.33 | +17.0% | ✓ BEAT |
Latest News
Citigroup Maintains Neutral on Nexstar Media Gr, Lowers Price Target to $204
➖ NeutralHow your local news would be affected if Nexstar wins FCC rule change
➖ NeutralNexstar Media Files Applications With Federal Communications Commission For Transfer Of Broadcast Licenses Controlled by TEGNA to Nexstar
➖ NeutralTEGNA Shareholders Vote To Approve Proposed Acquisition By Nexstar Media Group
📈 PositiveNexstar Media Gr Q3 EPS $2.14 Misses $2.54 Estimate, Sales $1.198B Miss $1.201B Estimate
📉 NegativeOn Oct 30, Tegna & Nexstar Got A Request For Additional Information And Documentary Material From DOJ Related To The DOJ's Review Of Deal
➖ Neutral"Jimmy Kimmel Live!" Returns To Nexstar's ABC Stations Following Agreement With Disney
📈 PositiveSinclair ends Kimmel boycott, putting pressure on Nexstar to bring program back
📈 Positive'Nexstar Says It's Continuing to Evaluate Status of Kimmel Show'- Bloomberg
➖ NeutralNexstar Issues Statement Saying It Will Continue To Preempt Kimmel Broadcast On Its ABC Affiliates
📉 NegativeHow Nexstar became the tip of the spear in a free-speech fight over Jimmy Kimmel
📈 PositivePresident Trump On ABC's Jimmy Kimmel Says He Was Fired Because He Had Bad Ratings
📉 NegativeLive On CNBC, FCC Commissioner Carr On ABC Pulling Kimmel Show Says This Is A Very Significant Moment, Where Local Broadcast Push Back On National Programmers; Broadcast TV Is Different Because It Takes Public Interest Into Account; We Are Re-Invigorating FCC Enforcement Of Public Interest
📈 PositiveReported Earlier, Nexstar ABC Affiliates Pulls Jimmy Kimmel Live Indefinitely, Calling Remarks On Charlie Kirk's Death Offensive And Insensitive
📉 Negative'Nexstar Sees FCC Rule Relaxation 'As Soon As' This Month'- Bloomberg
📈 PositiveKey deals this week: Vital Energy, Dayforce, Nexstar Media, Workday, Salesforce and more
📈 PositiveGuggenheim Maintains Buy on Nexstar Media Gr, Raises Price Target to $250
📈 PositiveBarrington Research Maintains Outperform on Nexstar Media Gr, Maintains $225 Price Target
📈 PositiveNXST stock has given up its prior loss. Nexstar Media Group shares were trading lower after announcing it will acquire TEGNA for $6.2 billion
➖ NeutralNexstar Media Group shares are trading lower after announcing it will acquire TEGNA for $6.2 billion
📉 NegativeFrequently Asked Questions about NXST
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