Equity Profile

NXST

Nexstar Media Group, Inc.

Communication ServicesBroadcasting$5.4B

Aug6Thu

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

Nexstar Media Group, Inc. is a leading media company in the broadcasting sector, primarily focused on television stations and digital media....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and financial health, which investors closely watch.

N/A

Revenue Growth

Revenue growth reflects the company's ability to attract advertising and audience engagement, crucial in the broadcasting industry.

N/A

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

NXST Q2-2026 Earnings Preview

Context

Company Snapshot

Nexstar Media Group, Inc. is a leading media company in the broadcasting sector, primarily focused on television stations and digital media. With a market cap of $6 billion, it plays a significant role in delivering news and entertainment to audiences across the United States, making it an important player in the evolving communication services landscape.

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 Q1-2026, Nexstar reported an EPS of $5.09, exceeding expectations by 6.49%. However, the stock fell by 1.36% the following day, indicating mixed investor sentiment.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are anticipating Nexstar's upcoming earnings report with a focus on profitability and revenue growth. The options market suggests a significant potential price movement following the earnings release.

Bull Case

If Nexstar can demonstrate strong advertising revenue and maintain or improve its EPS, it could lead to positive investor sentiment and stock price appreciation.

Bear Case

Conversely, if the company reports disappointing revenue or EPS figures, it may reinforce concerns about market competition and advertising spend, leading to a decline in stock value.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the reported EPS for Q2-2026?

EPS is a critical measure of profitability, and any significant deviation from expectations could impact investor confidence.

How is Nexstar addressing competition in the advertising space?

Understanding management's strategy in a competitive advertising environment will be key to assessing future growth potential.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Nexstar's ability to capture advertising revenue in a recovering economy, as recent trends indicate a rebound in consumer spending.

Supporting Evidence

Nexstar's recent EPS surprise indicates potential for stronger-than-expected performance.

The options market is pricing in a significant move, suggesting that investors expect volatility based on upcoming results.

Key Risk

If Nexstar reports an EPS above $5.50, it could challenge the current bearish sentiment and shift investor expectations.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The upcoming earnings report will be pivotal in determining Nexstar's financial health and market position amidst competitive pressures.

Bull Confirmed If

An EPS of $5.50 or higher would confirm strong profitability and investor confidence.

Bear Confirmed If

An EPS below $4.50 would raise concerns about profitability and market competitiveness.

Pre-Earnings Positioning

Options Market

Implied Move

±16.42%

Historical Avg

±4.5%

Pricing rich

The options market is pricing in a significant potential move in Nexstar's stock following the earnings announcement, indicating heightened investor uncertainty.

Options are pricing ±5.3% while NXST has averaged ±4.5% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.4%

30d HV

29.5%

Calls (100)P/C Ratio: 20.00Puts (1K)

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 +0.91%, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations but management is cautious, the stock may experience minimal movement as investors reassess their outlook.

Miss

A miss on earnings could lead to a decline of about +2.28%, reflecting investor disappointment and concerns about future performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on advertising revenue trends and strategies to capture market share.
2Management's outlook on future earnings and potential challenges in the broadcasting industry.
3Details on cost management and operational efficiencies that could impact profitability.
4Insights into audience engagement metrics and how they influence advertising revenue.
5Any commentary on competitive pressures and how Nexstar plans to navigate them.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Nexstar Media Group, Inc. is a leading media company in the broadcasting sector, primarily focused on television stations and digital media....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and financial health, which investors closely watch.

N/A

Revenue Growth

Revenue growth reflects the company's ability to attract advertising and audience engagement, crucial in the broadcasting industry.

N/A

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

NXST Q2-2026 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

In Q1-2026, Nexstar reported an EPS of $5.09, exceeding expectations by 6.49%. However, the stock fell by 1.36% the following day, indicating mixed investor sentiment.

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If Nexstar can demonstrate strong advertising revenue and maintain or improve its EPS, it could lead to positive investor sentiment and stock price appreciation.

Bear Case

Conversely, if the company reports disappointing revenue or EPS figures, it may reinforce concerns about market competition and advertising spend, leading to a decline in stock value.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the reported EPS for Q2-2026?

EPS is a critical measure of profitability, and any significant deviation from expectations could impact investor confidence.

How is Nexstar addressing competition in the advertising space?

Understanding management's strategy in a competitive advertising environment will be key to assessing future growth potential.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Nexstar's ability to capture advertising revenue in a recovering economy, as recent trends indicate a rebound in consumer spending.

Supporting Evidence

Nexstar's recent EPS surprise indicates potential for stronger-than-expected performance.

The options market is pricing in a significant move, suggesting that investors expect volatility based on upcoming results.

Key Risk

If Nexstar reports an EPS above $5.50, it could challenge the current bearish sentiment and shift investor expectations.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The upcoming earnings report will be pivotal in determining Nexstar's financial health and market position amidst competitive pressures.

Bull Confirmed If

An EPS of $5.50 or higher would confirm strong profitability and investor confidence.

Bear Confirmed If

An EPS below $4.50 would raise concerns about profitability and market competitiveness.

Pre-Earnings Positioning

Options Market

Implied Move

±16.42%

Historical Avg

±4.5%

Pricing rich

The options market is pricing in a significant potential move in Nexstar's stock following the earnings announcement, indicating heightened investor uncertainty.

Options are pricing ±5.3% while NXST has averaged ±4.5% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.4%

30d HV

29.5%

Calls (100)P/C Ratio: 20.00Puts (1K)

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 +0.91%, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations but management is cautious, the stock may experience minimal movement as investors reassess their outlook.

Miss

A miss on earnings could lead to a decline of about +2.28%, reflecting investor disappointment and concerns about future performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on advertising revenue trends and strategies to capture market share.
2Management's outlook on future earnings and potential challenges in the broadcasting industry.
3Details on cost management and operational efficiencies that could impact profitability.
4Insights into audience engagement metrics and how they influence advertising revenue.
5Any commentary on competitive pressures and how Nexstar plans to navigate them.