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

Nexstar Media Group (NASDAQ:NXST) will likely be announcing its Q3 2026 results before the market opens on Thursday, November 5th. Analysts expect the company to post earnings of $8.08 per share and revenue of $2.07 billion for the quarter. Interested persons are encouraged to explore the company’s upcoming Q3 2026 earnings overview page for the latest details on the call scheduled for Thursday, November 5, 2026 at 10:00 AM ET.

Nexstar Media Group (NASDAQ:NXST) last released its earnings results on Thursday, August 6th. The company reported $3.61 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.97 billion. During the same period in the prior year, the business posted $3.06 earnings per share. Nexstar Media Group’s revenue 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 Price Performance

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 firm 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 cap of $5.07 billion, a price-to-earnings ratio of 31.57 and a beta of 0.94. The company has a debt-to-equity ratio of 5.09, a quick ratio of 1.56 and a current ratio of 1.56.

Insider Transactions at Nexstar Media Group

In related news, COO Michael Biard sold 2,465 shares of the stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $185.82, for a total transaction of $458,046.30. Following the completion of the sale, the chief operating officer owned 20,890 shares of the company’s stock, valued at approximately $3,881,779.80. This represents a 10.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Andrew Alford sold 2,823 shares of the firm’s stock in a transaction that occurred on Wednesday, September 23rd. The shares were sold at an average price of $165.69, for a total transaction of $467,742.87. Following the completion of the transaction, the insider owned 11,726 shares in the company, valued at $1,942,880.94. The trade was a 19.40% decrease in their position. 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 over the last 90 days. Company insiders own 7.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Wells Fargo & Company cut their price target on shares of Nexstar Media Group from $253.00 to $249.00 and set an “overweight” rating on the stock in a research note on Friday, August 7th. Zacks Research cut shares of Nexstar Media Group from a “hold” rating to a “strong sell” rating in a research note on Monday, August 10th. Weiss Ratings restated a “hold (c)” rating on shares of Nexstar Media Group in a report on Monday, August 24th. Wall Street Zen downgraded Nexstar Media Group from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Nexstar Media Group from $255.00 to $240.00 and set a “buy” rating on the stock in a research report on Monday, August 10th. Six research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.