Nexstar Media Group Inc is a leading telecommunications and media company that specializes in broadcasting television and providing digital content across various platforms
The company owns and operates a significant number of local TV stations and engages in the production and distribution of news, entertainment, and sports programming. Additionally, Nexstar leverages its extensive reach to offer advertising solutions to local and national advertisers, enhancing their visibility through various media channels. With a commitment to delivering quality content to diverse audiences, Nexstar plays a crucial role in the modernization of television broadcasting and the expansion of digital media services.
The low valuation multiples for value stocks provide a margin of safety that growth stocks rarely offer.
However, the challenge lies in determining whether these cheap assets are genuinely undervalued or simply on sale due to their potentially deteriorating business models.
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.
Most consumer discretionary businesses succeed or fail based on the broader economy. Lately, it seems like demand trends have worked in their favor as the industry has returned 15.5% over the past six months,
outpacing S&P 500 by 6.6 percentage points.
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.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how iHeartMedia (NASDAQ:IHRT) and the rest of the broadcasting stocks fared in Q3.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at broadcasting stocks, starting with FOX (NASDAQ:FOXA).
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the broadcasting industry, including Nexstar Media (NASDAQ:NXST) and its peers.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the broadcasting industry, including Gray Television (NYSE:GTN) and its peers.
Local broadcasting and digital media company Nexstar (NASDAQ:NXST) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 20.7% year on year to $1.37 billion. Its GAAP profit of $5.27 per share was 1.5% below analysts’ consensus estimates.
Nexstar Media Group Inc (NASDAQ: NXST) reported a record third-quarter net revenue of $1.366 billion, fueled by strong advertising and distribution revenues. Adjusted EBITDA jumped 82.8% and share repurchases were made.
As the Q2 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the broadcasting industry, including AMC Networks (NASDAQ:AMCX) and its peers.
