Nexstar Media Group Inc. (NASDAQ: NXST) has reported earnings for its third fiscal quarter (ending September 30) of $5.34 versus $0.71 for the same period a year ago — an increase of 652%. E.P.S. were $17.53 for the latest four quarters through September 30 versus $11.89 for the same period a year ago — an increase of 47%.
Recent Price Action
On 11/7/24, Nexstar Media Group Inc. (NASDAQ: NXST) stock enjoyed a large increase of 2.9%, closing at $188.50. Moreover, this advance was accompanied by exceptionally high trading volume at 255% of normal. The stock has performed in line with the market over the last nine months and has risen 5.7% 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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Nexstar Media Group has a slightly negative Power Rating of 32 and a slightly negative Appreciation Score of 31, producing 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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