Nexstar Media Group, Inc. (NASDAQ:NXST) is reporting third quarter earnings results on Thursday 5th November 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 3.12 per share.
For the full year, analysts predict revenues of $ 4383.02 million, while looking forward to income of $ 14.82 per share.
Previous Quarter Performance
Nexstar Media Group, Inc. unveiled income for the second quarter of $ 2.02 per share, from the revenue of $ 914.63 million. The quarterly earnings elevated 42.25 percent compared with the same quarter last year. Street analysts expected Nexstar Media Group, Inc. to report income of $ 1.18 per share on revenue of $ 912.19 million for the second quarter. The bottom line results beat street analysts by $ 0.84 or 71.19 percent, at the same time, top line results outshined analysts by $ 2.44 million or 0.27 percent.
Stock Performance
Shares of Nexstar Media Group, Inc. traded low $ -5.82 or -6.64 percent on Wednesday, reaching $ 81.88 with volume of 724.90 thousand shares. Nexstar Media Group, Inc. has traded high as $ 88.37 and has cracked $ 81.51 on the downward trend
The closing price of $ 81.88, representing a 102.21 % increase from the 52 week low of $ 43.37 and a 34.18 % decrease over the 52 week high of $ 133.25.
The company has a market capital of $ 3.71 billion and is part of the Consumer Cyclical sector and Broadcasting – TV industry.
Recent Analyst recommendations
- On 15th October 2020, initiated by Loop Capital at Buy rating, with $ 130.00 target price.
Conference Call
Nexstar Media Group, Inc. will be hosting a conference call at 9:00 AM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.nexstar.tv
Nexstar Media Group, Inc. operates as a television broadcasting and digital media company in the United States. The company focuses on the acquisition, development, and operation of television stations and interactive community Websites in small and medium-sized markets.
