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Nexstar Media Group, Inc. (NXST)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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91.08+3.44 (+3.93%)
At close: 4:00PM EDT
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  • g
    gary
    Political spending will be $10.9 BILLION this year up from 7 billion in 2016. A big part of this is going to TV ads. Really bullish for NXST. NXST will rocket higher at earnings Nov. 5.
  • g
    gary
    Billions coming in from political ads and massive profits
    Bullish
  • A
    Alek
    What's the story for Nextstar after the election? I think the market is judging it to be negative. Is that accurate or no?
  • g
    gary
    $160 after Nov. earnings
    Bullish
  • M
    Mark
    finally catching a sustained bid, hope this is the beginning of the re-trace to $130+
  • g
    gary
    Political ad revenue will drive profit and revenue through the roof
  • J
    Joe
    "Nexstar Broadcasting Group (NXST) came out with quarterly earnings of $2.13 per share, beating the Zacks Consensus Estimate of $1.28 per share. This compares to earnings of $1.42 per share a year ago. These figures are adjusted for non-recurring items.

    This quarterly report represents an earnings surprise of 66.41%....."

    Forecast:
    "The current consensus EPS estimate is $3.02 on $1.05 billion in revenues for the coming quarter and $13.42 on $4.35 billion in revenues for the current fiscal year......."
  • Y
    Yahoo Finance Insights
    Nexstar Media is up 4.96% to 91.99
  • J
    Joe
    Nexstar Media Group, the No. 1 owner of local TV stations in the U.S., topped Wall Street’s first-quarter forecasts as advertising momentum before the coronavirus carried the company to a 177% surge in net income.
    Total revenue in the quarter ending March 31 was $1.09 billion, edging consensus estimates for $1.07 billion. Diluted earnings per share of $3.30 easily beat analysts’ expectation for $2.86.
    Advertising revenue shot up 87%, boosted by political spending, to reach $472.7 million.
  • J
    JOE
    Broadcasting is a boring business. But, given the right assets and management, it can be immensely profitable. I think Nexstar Media Group is a quality business poised to generate significant retur…
    Broadcasting is a boring business. But, given the right assets and management, it can be immensely profitable. I think Nexstar Media Group is a quality business poised to generate significant retur…
    autumncapitalmanagement.wordpress.com
  • M
    Michael in NC
    Sell at your own risk! Earnings from $3.24 in 2017 to $7.50 projected for 2018 and $8.20 projected for 2019. The historical PE is 18. Also, Apollo has approached NXST about a buyout. NXST will be rising in the next few weeks it appears to me.
  • m
    meanrevers
    $SBGI $TGNA $AMCX $VIAC $DISCA $SSP

    Following trade press reports late last week, the WSJ says big advertisers are now set to exercise cancellations options for Q3 network ad spending. Kantar Media shows weekly ad spend was down ~40% y/y throughout April. We think the upfront process is unraveling, and as we reported yesterday scatter pricing is also down considerably and could put advertisers in a position to push for 2020-21 upfront pricing that's down y/y and/or below scatter. The WSJ says marketers remain concerned about the economy, and about future programming (likely including both entertainment and sports). The article says new ad contracts will include more flexibility around easily cutting spend if a new wave of coronavirus impacts economic activity.
  • M
    Michael in NC
    $120 -- Decent price? This is about 15 times earnings. Value Line shows $7.50 net per share this year and $8.20 in 2019. Their average PE ratio is 18.
  • g
    gary
    Election year in 2020 will drive earnings through the roof.
    Bullish
  • M
    Michael in NC
    NXST had a high of $89 today--a 14% increase. What's up?

    It has a cup and handle formed, but this is a lot at one time.
  • M
    Michael in NC
    Unless the whole market tanks, I think NXST is ready to rise again.
  • M
    Money
    Nice finally reached all time high.
    Keep going.
  • g
    gary
    Election is going to a blood bath. Political TV advertising will shatter records with virtual conventions and limited pandemic rallies. Donors will empty their pockets to get their candidate the only exposure they can.
    Bullish
  • D
    Daniel
    Why is it down today?
    Bullish