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Nexstar Media Group (NXST)
:NXST
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Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
8.11Last Year’s EPS
3.32Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2018
|% Change Since: -15.73%
|Next Earnings Date:Aug 08, 2018
Earnings Call Sentiment|Positive
Nexstar showcased strong financial performance, driven by record-breaking revenues, especially in political advertising and distribution. However, challenges remain in nonpolitical advertising and specific sectors like auto. Overall, the company's strategic initiatives, including the transformation of the CW Network, demonstrate a positive trajectory.Company Guidance
During Nexstar Media Group's Q3 2024 earnings call, the executive team, led by Perry Sook, provided detailed guidance reflecting the company's robust financial performance. Nexstar achieved a record-breaking third quarter with total net revenue of $1.37 billion, marking a 20.7% increase from the previous year. This growth was driven by all-time high third quarter distribution revenue of $719 million, a 20.2% year-over-year increase, and political advertising revenue of $154 million, which was also a record for a third quarter. The company generated $1.4 billion of adjusted EBITDA and $792 million of adjusted free cash flow year-to-date, returning 74% of the free cash flow or $590 million to shareholders. Nexstar reduced its shares outstanding by 6.3% and its debt by $146 million. The executives also highlighted strategic initiatives, including regulatory reform advocacy and continued cost management, to sustain growth and shareholder value.Record-Breaking Revenue and Growth
Nexstar delivered highest third quarter total net revenue in the company's history with $1.37 billion, a 20.7% increase compared to the prior year quarter.
Strong Political Advertising Revenue
Third quarter political advertising revenue increased by $135 million year-over-year, rising 16% over the comparable 2020 period.
CW Network Transformation
Reduced CW operating losses by $36 million year-over-year and by $119 million year-to-date, surpassing the goal of improving the operating loss position by over $100 million this year.
Distribution Revenue Growth
Achieved all-time high third quarter distribution revenue of $719 million, growing 20.2% year-over-year.
Adjusted Free Cash Flow
Generated $792 million of adjusted free cash flow year-to-date, returning 74% of it, or $590 million, to shareholders.
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NXST Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NXST Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $181.39 | $186.58 | +2.86% |
| Aug 08, 2024 | $168.39 | $160.21 | -4.86% |
| May 09, 2024 | $163.02 | $174.31 | +6.93% |
| Feb 28, 2024 | $157.49 | $159.82 | +1.48% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Nexstar Media Group (NXST) report earnings?
Nexstar Media Group (NXST) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is Nexstar Media Group (NXST) earnings time?
Nexstar Media Group (NXST) earnings time is at Feb 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NXST EPS forecast?
NXST EPS forecast for the fiscal quarter 2024 (Q4) is 8.11.
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