Nexstar Media Group Inc. (NASDAQ: NXST) has reported earnings for its first fiscal quarter (ending March 31) of $5.25 versus $3.03 for the same period a year ago — an increase of 73%. This result exceeded the consensus estimate of $3.04 by $2.21. For the latest four quarters through March 31, E.P.S. were $12.00 versus $21.56 for the same period a year ago — a decline of -44%.
Recent Price Action
Nexstar Media Group Inc. (NASDAQ: NXST) stock enjoyed a very large increase of 5.8% on 5/9/24. The shares closed at $177.94. Moreover, unusually high trading volume at 173% of normal accompanied the advance. The stock has been strong relative to the market over the last nine months and has risen 10.1% during the last week.
Current PriceTarget Research Rating
NXST’s future returns on capital are forecasted to exceed 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 inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Nexstar Media Group has a poor Appreciation Score of 29 but a neutral Power Rating of 55, leading to the Negative Value Trend Rating.
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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