NASDAQ:NXST - Nasdaq - US65336K1034 - Common Stock - Currency: USD
Wall Street is overwhelmingly bullish on the stocks in this article, with price targets suggesting significant upside potential. However, it’s worth remembering that analysts rarely issue sell ratings, partly because their firms often seek other business from the same companies they cover.
We came across a bullish thesis on Nexstar Media Group, Inc. (NXST) on Substack by Value Don’t Lie. In this article, we will summarize the bulls’ thesis on NXST. Nexstar Media Group, Inc. (NXST)’s share was trading at $178.76 as of April 1st. NXST’s trailing and forward P/E were 8.35 and 11.52 respectively according to Yahoo Finance. […]
Mentions: VZ
As the Q4 earnings season wraps, let’s dig into this quarter’s best and worst performers in the broadcasting industry, including E.W. Scripps (NASDAQ:SSP) and its peers.
Mentions: META
Walgreens downgraded, Cava Group upgraded: Wall Street's top analyst calls
Shares of local broadcasting and digital media company Nexstar (NASDAQ:NXST) jumped 12.5% in the morning session after the company reported impressive fourth-quarter 2024 results that beat analysts' revenue estimates, driven by a sharp increase in political ad spending. EBITDA also beat Wall Street's expectations, fueled by revenue growth and disciplined cost management. On the other hand, its EPS missed. Overall, this was a mixed yet decent quarter.
Local broadcasting and digital media company Nexstar (NASDAQ:NXST) reported Q4 CY2024 results exceeding the market’s revenue expectations, with sales up 14.1% year on year to $1.49 billion. Its GAAP profit of $7.56 per share was 6.2% below analysts’ consensus estimates.
Over the past six months, Nexstar Media’s shares (currently trading at $152.86) have posted a disappointing 13.9% loss, well below the S&P 500’s 7.7% gain. This was partly due to its softer quarterly results and might have investors contemplating their next move.