Equity Profile

NXST

Nexstar Media Group, Inc.

Communication ServicesBroadcasting$5.4B

May7Thu

Post-Earnings Recap

ReportedQ1-2026Pre-Market7:01 AM EDT

Nexstar Media Group Beats on EPS, Stock Down 1.36%

Metric	Actual	Expected	Surprise
EPS	$5.09	$4.39	+6.49%
Revenue	—	$1.3B	—

management commentary, guidance changes, and full analysis available with Pro.

Nexstar Media Group Beats on EPS, Stock Down 1.36%

Key Numbers

Metric	Actual	Expected	Surprise
EPS	$5.09	$4.39	+6.49%
Revenue	—	$1.3B	—

Management Commentary

Tone: Unknown

No transcript is on record, and the analysis is based on numerical results only.

What It Means

Nexstar Media Group reported better-than-expected earnings per share, which indicates strong profitability. However, the stock fell by 1.36%, suggesting that investors may have had concerns about revenue performance or future outlook, as no revenue figures were provided. The lack of guidance further adds to uncertainty about the company's direction.

Company Snapshot

Nexstar Media Group, Inc. is a leading broadcasting company in the Communication Services sector, primarily operating television stations across the United States....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and will show how well the company is managing its costs and generating income.

$4.39

Revenue

Revenue figures will provide insight into the company's sales performance and overall market demand for its broadcasting services.

$1.3B

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Nexstar Media Group, Inc. is a leading broadcasting company in the Communication Services sector, primarily operating television stations across the United States. As the media landscape evolves, Nexstar's ability to adapt to changing viewer habits and advertising trends is crucial for its growth and profitability.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

38%

Avg EPS Surprise

-34.49%

Avg Stock Reaction

+1.76%

Last Quarter Recap

In the last quarter, Nexstar reported an EPS of -$5.63, significantly missing expectations, which raised concerns about its profitability. Despite this, the stock reacted positively, gaining 5.86% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts are cautiously optimistic about Nexstar's upcoming earnings, expecting a rebound in EPS and revenue after a disappointing last quarter. However, the company's recent performance raises questions about its ability to meet these expectations.

Bull Case

If Nexstar can exceed EPS expectations and show strong revenue growth, it may signal a recovery in its business operations, leading to increased investor confidence.

Bear Case

Conversely, if Nexstar fails to meet its EPS and revenue targets again, it could indicate deeper issues within the company, leading to a further decline in stock value.

Key Metrics to Watch

EPS

$4.39

Earnings per share is a key indicator of profitability and will show how well the company is managing its costs and generating income.

Revenue

$1.3B

Revenue figures will provide insight into the company's sales performance and overall market demand for its broadcasting services.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Nexstar's EPS meet or exceed the consensus estimate of $4.39?

Given the significant miss last quarter, the market will closely watch if Nexstar can return to profitability and regain investor confidence.

What revenue figures will Nexstar report, and how do they compare to the expected $1.3B?

Revenue performance is critical for assessing the company's market position and growth potential, especially after recent struggles.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the impact of Nexstar's recent strategic initiatives aimed at improving operational efficiency, which could lead to better-than-expected results this quarter.

Supporting Evidence

Despite a significant miss last quarter, Nexstar's historical performance shows it can rebound quickly.

Options pricing suggests traders expect higher volatility, indicating potential for a surprise in either direction.

Key Risk

If Nexstar's revenue shows unexpected growth, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's results will be pivotal in determining whether Nexstar can stabilize its earnings and revenue after a series of disappointing reports.

Bull Confirmed If

An EPS of $4.39 or higher, coupled with revenue exceeding $1.3B, would confirm a strong recovery.

Bear Confirmed If

An EPS significantly below $4.39 and revenue below $1.2B would confirm ongoing challenges for the company.

Pre-Earnings Positioning

Options Market

Implied Move

±6.77%

Historical Avg

±4.5%

Pricing rich

The options market is pricing in a significant move around the earnings announcement, suggesting that traders expect volatility based on the earnings results.

Options are pricing ±7.4% while NXST has averaged ±4.5% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.6%

30d HV

52.2%

Calls (1K)P/C Ratio: 1.13Puts (400)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Nexstar beats expectations, history suggests a potential stock increase of around 3.31%, indicating a positive market reaction and renewed investor interest.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await further clarity on future guidance.

Miss

A miss could lead to a decline in stock value, with historical patterns indicating an average drop of about 2.28% following such outcomes.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on cost-cutting measures and their expected impact on profitability.
2Insights into advertising revenue trends and how they compare to previous quarters.
3Management's commentary on viewer engagement and content performance.
4Details on any strategic partnerships or acquisitions that could enhance growth.
5Guidance on future quarters and expectations for the remainder of the fiscal year.

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Company Snapshot

Nexstar Media Group, Inc. is a leading broadcasting company in the Communication Services sector, primarily operating television stations across the United States....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and will show how well the company is managing its costs and generating income.

$4.39

Revenue

Revenue figures will provide insight into the company's sales performance and overall market demand for its broadcasting services.

$1.3B

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

38%

Avg EPS Surprise

-34.49%

Avg Stock Reaction

+1.76%

Last Quarter Recap

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If Nexstar can exceed EPS expectations and show strong revenue growth, it may signal a recovery in its business operations, leading to increased investor confidence.

Bear Case

Conversely, if Nexstar fails to meet its EPS and revenue targets again, it could indicate deeper issues within the company, leading to a further decline in stock value.

Key Metrics to Watch

EPS

$4.39

Earnings per share is a key indicator of profitability and will show how well the company is managing its costs and generating income.

Revenue

$1.3B

Revenue figures will provide insight into the company's sales performance and overall market demand for its broadcasting services.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Nexstar's EPS meet or exceed the consensus estimate of $4.39?

Given the significant miss last quarter, the market will closely watch if Nexstar can return to profitability and regain investor confidence.

What revenue figures will Nexstar report, and how do they compare to the expected $1.3B?

Revenue performance is critical for assessing the company's market position and growth potential, especially after recent struggles.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the impact of Nexstar's recent strategic initiatives aimed at improving operational efficiency, which could lead to better-than-expected results this quarter.

Supporting Evidence

Despite a significant miss last quarter, Nexstar's historical performance shows it can rebound quickly.

Options pricing suggests traders expect higher volatility, indicating potential for a surprise in either direction.

Key Risk

If Nexstar's revenue shows unexpected growth, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's results will be pivotal in determining whether Nexstar can stabilize its earnings and revenue after a series of disappointing reports.

Bull Confirmed If

An EPS of $4.39 or higher, coupled with revenue exceeding $1.3B, would confirm a strong recovery.

Bear Confirmed If

An EPS significantly below $4.39 and revenue below $1.2B would confirm ongoing challenges for the company.

Pre-Earnings Positioning

Options Market

Implied Move

±6.77%

Historical Avg

±4.5%

Pricing rich

The options market is pricing in a significant move around the earnings announcement, suggesting that traders expect volatility based on the earnings results.

Options are pricing ±7.4% while NXST has averaged ±4.5% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.6%

30d HV

52.2%

Calls (1K)P/C Ratio: 1.13Puts (400)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Nexstar beats expectations, history suggests a potential stock increase of around 3.31%, indicating a positive market reaction and renewed investor interest.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await further clarity on future guidance.

Miss

A miss could lead to a decline in stock value, with historical patterns indicating an average drop of about 2.28% following such outcomes.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on cost-cutting measures and their expected impact on profitability.
2Insights into advertising revenue trends and how they compare to previous quarters.
3Management's commentary on viewer engagement and content performance.
4Details on any strategic partnerships or acquisitions that could enhance growth.
5Guidance on future quarters and expectations for the remainder of the fiscal year.