Nexstar Media Group (NXST) Set to Release Quarterly Earnings on Thursday

Key Points

• Nexstar Media Group is scheduled to report Q3 2026 earnings before Thursday’s market open. Analysts expect $8.08 in earnings per share and $2.07 billion in revenue; the earnings call is scheduled for 10:00 a.m. ET.
• The company’s previous quarter fell short of earnings expectations, reporting $3.61 per share versus the $5.98 consensus, although revenue reached $1.99 billion and increased 62.2% year over year.
• NXST shares have declined 1.1% and recently traded near $164.49. Analyst sentiment remains a “Moderate Buy,” with a consensus price target of $256.50, while insiders have sold 9,596 shares worth about $1.73 million over the past three months.

Nexstar Media Group (NASDAQ:NXST - Get Free Report) is expected to issue its Q3 2026 results before the market opens on Thursday, November 5th. Analysts expect the company to announce earnings of $8.08 per share and revenue of $2.07 billion for the quarter. Parties may review the information on the company's upcoming Q3 2026 earnings summary page for the latest details on the call scheduled for Thursday, November 5, 2026 at 10:00 AM ET.

Nexstar Media Group (NASDAQ:NXST - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $3.61 earnings per share for the quarter, missing analysts' consensus estimates of $5.98 by ($2.37). Nexstar Media Group had a return on equity of 24.02% and a net margin of 3.20%. The business had revenue of $1.99 billion for the quarter, compared to analysts' expectations of $1.97 billion. During the same period last year, the business earned $3.06 earnings per share. The company's revenue for the quarter was up 62.2% on a year-over-year basis. On average, analysts expect Nexstar Media Group to post $32.88 EPS for the current fiscal year and $18.60 EPS for the next fiscal year.

Nexstar Media Group Trading Down 1.1%

Shares of Nexstar Media Group stock opened at $164.49 on Thursday. Nexstar Media Group has a 1 year low of $153.17 and a 1 year high of $254.30. The company has a debt-to-equity ratio of 5.09, a current ratio of 1.56 and a quick ratio of 1.56. The business has a 50 day moving average price of $168.62 and a 200 day moving average price of $192.87. The company has a market capitalization of $5.07 billion, a P/E ratio of 31.57 and a beta of 0.94.

Insider Activity

In other Nexstar Media Group news, insider Andrew Alford sold 2,823 shares of Nexstar Media Group stock in a transaction that occurred on Wednesday, September 23rd. The shares were sold at an average price of $165.69, for a total value of $467,742.87. Following the completion of the sale, the insider directly owned 11,726 shares of the company's stock, valued at approximately $1,942,880.94. The trade was a 19.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Bernadette Aulestia sold 300 shares of the business's stock in a transaction on Monday, August 24th. The shares were sold at an average price of $186.80, for a total value of $56,040.00. Following the completion of the transaction, the director owned 4,383 shares of the company's stock, valued at $818,744.40. This trade represents a 6.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 9,596 shares of company stock worth $1,733,169 in the last three months. 7.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

NXST has been the subject of several recent research reports. Wall Street Zen downgraded Nexstar Media Group from a "buy" rating to a "hold" rating in a research report on Sunday, July 12th. Wells Fargo & Company cut their price target on Nexstar Media Group from $253.00 to $249.00 and set an "overweight" rating for the company in a report on Friday, August 7th. Zacks Research downgraded Nexstar Media Group from a "hold" rating to a "strong sell" rating in a research report on Monday, August 10th. Weiss Ratings restated a "hold (c)" rating on shares of Nexstar Media Group in a research report on Monday, August 24th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Nexstar Media Group from $255.00 to $240.00 and set a "buy" rating for the company in a research note on Monday, August 10th. Six equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $256.50.

Nexstar Media Group Company Profile

Nexstar Media Group, Inc is a television broadcasting and digital media company headquartered in Irving, Texas. The company operates local television stations across the United States, with stations affiliated with major networks including ABC, NBC, CBS, FOX, The CW and MyNetworkTV. Its local media operations provide news, weather, sports, entertainment and other programming to audiences in markets nationwide.

Nexstar also owns and operates national media properties, including NewsNation, a cable and streaming news network, and The Hill, a political news and information platform.

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