For its third fiscal quarter (ending September 30), Nexstar Media Group Inc. (NASDAQ: NXST) has reported a -90% decline in E.P.S. from $7.45 a year ago to $0.71 in the current quarter. However, this performance was $0.56 better than the consensus estimate of $0.15. For the latest four quarters through September 30, E.P.S. were $11.89 versus $25.65 for the same period a year ago — a decline of -54%.
Recent Price Action
Nexstar Media Group Inc. (NASDAQ: NXST) stock suffered a large decline of -2.7% on 11/8/23. The stock closed at $147.40. The stock has been weak relative to the market over the last nine months but has risen 5.2% during the last week.
Current PriceTarget Research Rating
NXST’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Nexstar Media Group has a current Value Trend Rating of D (Negative). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Nexstar Media Group has a good Appreciation Score of 73 but a very low Power Rating of 13, with the Negative Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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