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Nexstar Media Group Second Quarter 2024 Earnings: Misses Expectations
Nexstar Media Group (NASDAQ:NXST) Second Quarter 2024 Results
Key Financial Results
- Revenue: US$1.27b (up 2.3% from 2Q 2023).
- Net income: US$118.0m (up 23% from 2Q 2023).
- Profit margin: 9.3% (up from 7.7% in 2Q 2023).
- EPS: US$3.60 (up from US$2.68 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Nexstar Media Group Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) also missed analyst estimates by 2.9%.
Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 3.4% growth forecast for the Media industry in the US.
Performance of the American Media industry.
The company's shares are down 8.6% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Nexstar Media Group (1 is concerning) you should be aware of.
Valuation is complex, but we're here to simplify it.
Discover if Nexstar Media Group might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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About NasdaqGS:NXST
Nexstar Media Group
Operates as a diversified media company that produces and distributes engaging local and national news, sports and entertainment content across the television and digital platforms in the United States.
Very undervalued established dividend payer.