|Bid||92.90 x 1200|
|Ask||93.26 x 800|
|Day's Range||90.37 - 93.71|
|52 Week Range||43.37 - 133.25|
|Beta (5Y Monthly)||1.85|
|PE Ratio (TTM)||12.20|
|Earnings Date||Nov 04, 2020 - Nov 09, 2020|
|Forward Dividend & Yield||2.24 (2.51%)|
|Ex-Dividend Date||Aug 06, 2020|
|1y Target Est||117.56|
Nexstar (NXST) delivered earnings and revenue surprises of 66.41% and 0.97%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?
Nexstar Media Group, Inc. (NASDAQ: NXST) ("Nexstar" or "the Company") today reported financial results for the second quarter ended June 30, 2020 as summarized below. The actual results presented herein for the three months ended June 30, 2020 reflect the Company’s legacy Nexstar Broadcasting and digital operations and quarterly results from the Tribune Media stations which we acquired on September 19, 2019. Second quarter 2020 revenue from WGN America, also acquired in the Tribune transaction, is included in core advertising revenue and distribution fee revenue. The contribution from Nexstar’s 31.3% ownership stake in TV Food Network and other investments acquired in the Tribune transaction is included in the full income statement on page 7 under "Income (loss) on equity investments, net." The comparable three-month period ended June 30, 2019 reflects Nexstar’s legacy broadcasting and digital operations during that period.
Nexstar (NXST) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.