NXST Stock Recent News

Disney CEO Bob Iger said in July that the company could sell some of its traditional TV assets that have struggled for years due to the rise of streaming services.

Walt Disney Co. DIS, +1.11% is in initial talks on a possible sale of ABC to local broadcaster Nexstar Media Group Inc. NXST, +5.27%, Bloomberg News reported, citing people familiar with the situation. The talks are preliminary and no specific valuation has yet been discussed, the people said.

Nexstar (NXST) announces that its television network, The CW Network, has started the live broadcasting of the first season of ACC college football from Sep 9.

Nexstar Media Group has continued to show growth in distribution revenue from the same quarter in the previous year. Earnings saw a significant drop due to a lack of revenue growth and higher expenses. I take the view that as advertising demand ramps up heading into next year - we should see a rebound in earnings.

Nexstar Media Group, Inc. (NASDAQ:NXST ) Q2 2023 Earnings Conference Call August 8, 2023 10:00 AM ET Company Participants Joe Jaffoni – Investor Relations Perry Sook – Chairman and Chief Executive Officer Tom Carter – President and Chief Operating Officer Lee Ann Gliha – Chief Financial Officer Conference Call Participants Dan Kurnos – Benchmark Steven Cahall – Wells Fargo Craig Huber – Huber Research Partners Benjamin Soff – Deutsche Bank Nick Zangler – Stephens Alan Gould – Loop Capital Markets Barton Crockett – Rosenblatt Securities Jim Goss – Barrington Research Operator Good day, and welcome to Nexstar Media Group's Second Quarter 2023 Conference Call. Today's call is being recorded.

Nexstar Media Group's (NXST) second-quarter 2023 results are expected to reflect continued strength in audience viewership on its channels and improved advertising revenues.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Investors with an interest in Broadcast Radio and Television stocks have likely encountered both Nexstar Broadcasting Group (NXST) and Netflix (NFLX). But which of these two stocks presents investors with the better value opportunity right now?

The average of price targets set by Wall Street analysts indicates a potential upside of 31% in Nexstar (NXST). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

The removal of Nexstar (NXST) stations deprives viewers of local news, weather updates, Women's World Cup soccer matches and MLB All-Star Game.