For its fourth fiscal quarter (ending December 31), Nexstar Media Group Inc. (NASDAQ: NXST) has reported a -38% decline in E.P.S. from $5.42 a year ago to $3.36 in the current quarter. This performance was $-0.35 short of the consensus estimate of $3.71. E.P.S. were $9.78 for the latest four quarters through December 31 versus $24.68 for the same period a year ago — a decline of -60%.
Recent Price Action
Nexstar Media Group Inc. (NASDAQ: NXST) stock increased 1.5% on 2/28/24. The shares closed at $164.81. Moreover, trading volume in this advance was unusually high at 150% of normal. The stock has performed in line with the market over the last nine months and has declined -3.1% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, NXST is expected to continue to be a major Value Builder.
Nexstar Media Group has a current Value Trend Rating of C (Neutral). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Nexstar Media Group has a good Appreciation Score of 74 but a neutral Power Rating of 41, resulting in the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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