Nexstar Media Group Inc reports results for the quarter ended in September 30 - Earnings Summary

• Nexstar Media Group Inc NXST.OQ reported quarterly adjusted earnings of $5.27​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 70 cents. The mean expectation of eight analysts for the quarter was for earnings of $5.41 per share. Wall Street expected results to range from $4.21 to $6.55 per share.

• Revenue rose 20.7% to $1.37 billion from a year ago; analysts expected $1.37 billion.

• Nexstar Media Group Inc's reported EPS for the quarter was $5.76​.

• The company reported quarterly net income of $187 million.

• Nexstar Media Group Inc shares had risen by 10.8% this quarter and gained 16.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 15.4% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the broadcasting peer group is also "buy"

Wall Street's median 12-month price target for Nexstar Media Group Inc is $200.00

This summary was machine generated from LSEG data November 7 at 08:45 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)