Nexstar Media Group (NXST) Stock Overview
Operates as a diversified media company that produces and distributes local and national news, sports, and entertainment contents on the television and digital platforms in the United States. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 4/6 |
| Past Performance | 0/6 |
| Financial Health | 1/6 |
| Dividends | 5/6 |
Rewards
Risk Analysis
+ 1 more risk
NXST Community Fair Values
Create NarrativeSee what 36 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Nexstar Media Group, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$167.01 |
| 52 Week High | US$254.30 |
| 52 Week Low | US$158.94 |
| Beta | 0.90 |
| 1 Month Change | -11.48% |
| 3 Month Change | -23.43% |
| 1 Year Change | -5.22% |
| 3 Year Change | -0.52% |
| 5 Year Change | 15.95% |
| Change since IPO | 1,160.45% |
Recent News & Updates
Narrative Update • Jun 22
NXST: Tegna Scale And Reset Expectations Are Expected To Support Cash Flow
The latest Narrative Update for Nexstar Media Group reflects a modest adjustment in analyst assumptions that leaves the fair value estimate unchanged at $251.63, as analysts balance a recent $50 price target cut from one firm against renewed optimism from others following the recent selloff. Analyst Commentary Recent Street research on Nexstar Media Group shows a mix of optimism and caution, with some firms upgrading the stock following the recent selloff while others trim price targets.Seeking Alpha • Jun 17
Nexstar's Legal Battles Are More Than Priced In
Summary Nexstar Media Group remains a "Buy" despite a 27% decline since the TEGNA acquisition faced legal hurdles and integration delays. NXST’s TEGNA deal is stalled by state-led lawsuits and an injunction, preventing operational synergies and risking dis-synergies and management distraction. Standalone NXST performance is robust, with Q1 EPS of $5.09, surging political ad revenue, and a secure 4.3% dividend yield. Shares trade at a nearly 15% free cash flow yield, offering deep value even under prolonged legal uncertainty, with fair value estimated at $210–$300. Read the full article on Seeking AlphaAnalysis Article • Jun 16
Nexstar Media Group (NXST) Stock Could Be 31.5% Undervalued After Q1 Earnings Beat
Nexstar Media Group (NXST) stock is back in focus after the company reported first quarter 2026 earnings and revenue that surpassed Wall Street expectations, along with several senior leadership promotions. See our latest analysis for Nexstar Media Group. Despite the first quarter 2026 beat and leadership promotions, Nexstar Media Group’s short term share price performance has been weak. The share price is down 11.82% over 30 days and 27.55% over 90 days, even as the 1 year total shareholder...Narrative Update • Jun 05
NXST: Tegna Scale And Political Ads Are Expected To Support Cash Flow
Analysts have adjusted their price targets on Nexstar Media Group, with recent research citing the Citi upgrade after the selloff, Benchmark's $50 target cut, and Deutsche Bank's $20 increase. These changes have led to a refreshed view of the stock's risk and valuation profile.Recent updates
Narrative Update • Jun 22
NXST: Tegna Scale And Reset Expectations Are Expected To Support Cash Flow
The latest Narrative Update for Nexstar Media Group reflects a modest adjustment in analyst assumptions that leaves the fair value estimate unchanged at $251.63, as analysts balance a recent $50 price target cut from one firm against renewed optimism from others following the recent selloff. Analyst Commentary Recent Street research on Nexstar Media Group shows a mix of optimism and caution, with some firms upgrading the stock following the recent selloff while others trim price targets.Seeking Alpha • Jun 17
Nexstar's Legal Battles Are More Than Priced In
Summary Nexstar Media Group remains a "Buy" despite a 27% decline since the TEGNA acquisition faced legal hurdles and integration delays. NXST’s TEGNA deal is stalled by state-led lawsuits and an injunction, preventing operational synergies and risking dis-synergies and management distraction. Standalone NXST performance is robust, with Q1 EPS of $5.09, surging political ad revenue, and a secure 4.3% dividend yield. Shares trade at a nearly 15% free cash flow yield, offering deep value even under prolonged legal uncertainty, with fair value estimated at $210–$300. Read the full article on Seeking AlphaAnalysis Article • Jun 16
Nexstar Media Group (NXST) Stock Could Be 31.5% Undervalued After Q1 Earnings Beat
Nexstar Media Group (NXST) stock is back in focus after the company reported first quarter 2026 earnings and revenue that surpassed Wall Street expectations, along with several senior leadership promotions. See our latest analysis for Nexstar Media Group. Despite the first quarter 2026 beat and leadership promotions, Nexstar Media Group’s short term share price performance has been weak. The share price is down 11.82% over 30 days and 27.55% over 90 days, even as the 1 year total shareholder...Narrative Update • Jun 05
NXST: Tegna Scale And Political Ads Are Expected To Support Cash Flow
Analysts have adjusted their price targets on Nexstar Media Group, with recent research citing the Citi upgrade after the selloff, Benchmark's $50 target cut, and Deutsche Bank's $20 increase. These changes have led to a refreshed view of the stock's risk and valuation profile.Narrative Update • May 19
NXST: Tegna Scale Is Expected To Support Future Free Cash Flow
Nexstar Media Group's updated analyst price target has shifted slightly lower, from $261.25 to $251.63, as analysts factor in higher discount rates, a lower assumed future P/E of 9.49, and recent mixed target revisions that reflect both the Tegna acquisition benefits and changing views on profit margins and revenue growth. Analyst Commentary Recent research on Nexstar Media Group shows a mix of optimism around the Tegna acquisition and future cash generation, alongside caution around valuation assumptions and execution risks, which together feed into the updated average price target.Analysis Article • May 11
Results: Nexstar Media Group, Inc. Exceeded Expectations And The Consensus Has Updated Its Estimates
Nexstar Media Group, Inc. ( NASDAQ:NXST ) just released its quarterly report and things are looking bullish. It was a...Narrative Update • Apr 27
NXST: Tegna Scale And Distribution Repricing Are Expected To Support Future Free Cash Flow
Analysts kept Nexstar Media Group's fair value steady at $261.25 while refining discount rate and P/E assumptions, reflecting mixed Street research that includes both recent price target reductions and a series of prior target increases tied to the Tegna acquisition and updated post earnings models. Analyst Commentary Bullish Takeaways Bullish analysts see the Tegna acquisition as a scale play that could make Nexstar reach about 80% of US TV households, which they view as supportive for long term earnings power and, by extension, fair value assumptions.Narrative Update • Apr 12
NXST: Tegna Scale And Distribution Repricing Are Expected To Drive Future Free Cash Flow
The updated analyst price target for Nexstar Media Group has moved from $271.50 to $261.25, as analysts factor in a slightly higher discount rate alongside mixed recent research that includes both target cuts and upgrades related to the Tegna acquisition and distribution revenue outlook. Analyst Commentary Recent research highlights a mix of enthusiasm and caution around Nexstar Media Group, with views clustering around the impact of the Tegna acquisition, broadcast scale, and distribution revenue outlook.Narrative Update • Mar 28
NXST: Tegna Scale And Political Repricing Are Expected To Drive Free Cash Flow
The analyst price target for Nexstar Media Group is now set at $271.50, a $2.50 adjustment that reflects updated views on the Tegna acquisition, expected scale benefits across roughly 80% of TV households, and refreshed post Q4 models from several research firms. Analyst Commentary Street research around Nexstar reflects a generally constructive view on the Tegna acquisition, future scale across TV households, and updated post Q4 models, but with different opinions on how much upside that translates into for investors.
New Narrative • Mar 15
Sports Expansion And Digital Ambitions Will Ultimately Strain Margins And Future Earnings Potential
Catalysts About Nexstar Media Group Nexstar Media Group operates a large portfolio of local television stations, national networks and digital properties, with a growing focus on news and sports content. What are the underlying business or industry changes driving this perspective?Narrative Update • Mar 14
NXST: Tegna Acquisition Scale Is Expected To Drive Future Free Cash Flow
Analysts have lifted their average price target on Nexstar Media Group from $249.88 to $269.00, citing updated models after recent earnings, the planned Tegna acquisition that would expand the TV footprint to roughly 80% of U.S. households, and expectations for distribution revenue supported by repricing and upcoming mid term elections. Analyst Commentary Recent research notes show a cluster of higher price targets on Nexstar Media Group, with analysts updating their models around the planned Tegna acquisition, distribution repricing, and the latest earnings update.
New Narrative • Mar 01
Sports Programming And Digital Expansion Will Reshape This Broadcaster’s Long-Term Earnings Power
Catalysts About Nexstar Media Group Nexstar Media Group operates a large portfolio of local television stations and national media assets including The CW and NewsNation, with revenue streams from distribution, advertising and digital products. What are the underlying business or industry changes driving this perspective?Narrative Update • Feb 28
NXST: Free Cash Flow Outlook And Execution Risks Will Shape Return Potential
Narrative Update The analyst price target for Nexstar Media Group has moved from about $232 to roughly $250, as analysts factor in updated views on revenue, profit margins, and future P/E, along with higher Street targets in the $290 to $300 range that are tied to projections for free cash flow. Analyst Commentary Recent Street research on Nexstar Media Group points to a more constructive tone on valuation, with several bullish analysts lifting their price targets into the high US$200s.Analysis Article • Jan 26
At US$213, Is Nexstar Media Group, Inc. (NASDAQ:NXST) Worth Looking At Closely?
While Nexstar Media Group, Inc. ( NASDAQ:NXST ) might not have the largest market cap around , it saw a double-digit...Analysis Article • Sep 01
Take Care Before Diving Into The Deep End On Nexstar Media Group, Inc. (NASDAQ:NXST)
When close to half the companies in the United States have price-to-earnings ratios (or "P/E's") above 20x, you may...Narrative Update • Aug 27
Trusted Local News And Digital Ads Will Create Future Resilience
Analysts have raised Nexstar Media Group’s price target to $231.89 on expectations of significant EBITDA synergies and revenue growth from the pending Tegna acquisition, deeper exposure to political ad markets, and a favorable regulatory outlook. Analyst Commentary Bullish analysts cite Nexstar's pending acquisition of Tegna as a major catalyst, projecting significant synergies and expansion, with the combined entity expected to cover 80% of U.S. TV households.Narrative Update • Aug 10
Trusted Local News And Digital Ads Will Create Future Resilience
Upward revisions in both revenue growth forecasts and net profit margin expectations have driven the consensus analyst price target for Nexstar Media Group higher, from $193.26 to $209.00. What's in the News Nexstar Media Group repurchased 311,998 shares for $50 million in Q2 2025, totaling 1.03% of shares.Analysis Article • Jul 29
Nexstar Media Group (NASDAQ:NXST) Might Have The Makings Of A Multi-Bagger
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Analysis Article • Jul 14
Should You Investigate Nexstar Media Group, Inc. (NASDAQ:NXST) At US$180?
Nexstar Media Group, Inc. ( NASDAQ:NXST ), is not the largest company out there, but it saw a significant share price...Seeking Alpha • Mar 03
Nexstar Media: Incremental Negative Developments Tilt The Risk-Reward Into Neutral Territory (Rating Downgrade)
Summary Nexstar Media's results showed several negative trends, that overall lead to a lowered valuation. While the upside is still sizable, this highlights the high underlying risk profile. Despite cost-cutting efforts, Nexstar's underlying EBITDA ex CW is likely to decline in 2025, and the company continues to face significant industry challenges and high leverage. While ATSC 3.0 offers significant long-term potential, current negative trends and strategic uncertainties lead me to adopt a neutral stance and watch from the sidelines. Read the full article on Seeking AlphaSeeking Alpha • Feb 25
Nexstar Media Q4 Preview: A Good End To 2024
Summary Expecting Nexstar Media Group to report $8.06 EPS on $1.48B revenue for Q4, driven by election year advertising spending. Key focus on political advertising performance, general advertising growth, and updates on CW channel profitability timeline. Concerned about non-political advertising revenue growth post-election; looking for strategies to enhance digital platforms and targeted advertising. Initiating coverage of NXST stock with a hold rating, awaiting more data on 2025 performance to assess long-term growth prospects. Read the full article on Seeking AlphaSeeking Alpha • Dec 09
Nexstar's Interactive Television, M&A, And Why It's A Buy
Summary Nexstar Media Group is poised for growth with the adoption of ATSC 3.0, enhancing interactive TV, signal encryption, and data services. Significant investments in new stations, digital tools, and acquisitions, along with strong asset growth, make NXST a compelling buy at 7x earnings. Despite high leverage, NXST's increasing equity, cash flow growth, and strategic acquisitions indicate robust future financial performance and scalability. Risks include reliance on retransmission agreements, potential restrictive covenants, and market competition, but the current valuation presents a significant buying opportunity. Read the full article on Seeking AlphaSeeking Alpha • Oct 29
Nexstar Media: Political Advertising, Buybacks Should Provide A Promising Seasonal Entry Point
Summary Nexstar Media is fundamentally undervalued with a fair value of $245, presenting over 40% upside from current prices. Seasonal patterns, particularly during election years, show significant stock performance, possibly driven by political advertising revenue. Political advertising cashflows can fuel substantial buybacks, enhancing shareholder value and supporting the stock price. Despite risks, combining strong fundamentals with seasonal tailwinds makes NXST a strong buy. Read the full article on Seeking AlphaShareholder Returns
| NXST | US Media | US Market | |
|---|---|---|---|
| 7D | -3.0% | -6.0% | -2.3% |
| 1Y | -5.2% | -23.7% | 21.2% |
Return vs Industry: NXST exceeded the US Media industry which returned -23.4% over the past year.
Return vs Market: NXST underperformed the US Market which returned 23.3% over the past year.
Price Volatility
| NXST volatility | |
|---|---|
| NXST Average Weekly Movement | 5.8% |
| Media Industry Average Movement | 8.4% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.7% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: NXST has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: NXST's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1996 | 12,389 | Perry Sook | www.nexstar.tv |
Nexstar Media Group, Inc. operates as a diversified media company that produces and distributes local and national news, sports, and entertainment contents on the television and digital platforms in the United States. It owns, operates, programs, or provides sales and other services to power television and radio stations; and provides television programming services. The company offers video and display advertising platforms through its own and various third party websites, mobile and over-the-top applications, digital media solutions to media publishers and advertisers, and a consumer product reviews platform.
Nexstar Media Group, Inc. Fundamentals Summary
| NXST fundamental statistics | |
|---|---|
| Market cap | US$5.01b |
| Earnings (TTM) | US$146.00m |
| Revenue (TTM) | US$5.11b |
34.9x
P/E Ratio1.0x
P/S RatioIs NXST overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| NXST income statement (TTM) | |
|---|---|
| Revenue | US$5.11b |
| Cost of Revenue | US$2.27b |
| Gross Profit | US$2.84b |
| Other Expenses | US$2.70b |
| Earnings | US$146.00m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 4.78 |
| Gross Margin | 55.63% |
| Net Profit Margin | 2.86% |
| Debt/Equity Ratio | 560.5% |
How did NXST perform over the long term?
See historical performance and comparisonDividends
4.5%
Current Dividend Yield154%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/23 13:58 |
| End of Day Share Price | 2026/06/23 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Nexstar Media Group, Inc. is covered by 21 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Patrick Sholl | Barrington Research Associates, Inc. |
| Daniel Kurnos | Benchmark Company |
| Edward Atorino | Benchmark Company |