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.

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