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. (NXST) operates in the communication services sector, focusing on broadcasting....

Key Metrics to Watch

Advertising Revenue

Advertising revenue is a key driver for Nexstar's business, reflecting demand for local TV advertising.

N/A

Viewership Ratings

Higher viewership ratings can lead to increased advertising revenue and overall market share.

N/A

1 more metrics, 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. (NXST) operates in the communication services sector, focusing on broadcasting. As a significant player in local television, it connects viewers with news, entertainment, and sports, making it an important part of the media 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, beating expectations by 6.49%. However, the stock saw a slight decline of 1.36% the following day.

Management Promises & Guidance

Focus on increasing digital revenue streams.
Commitment to enhancing local news coverage.
Plans to expand advertising partnerships.

Expectations

Wall Street Expectations

Overall, expectations are mixed ahead of the earnings report, with no analyst estimates available to guide sentiment.

Bull Case

If Nexstar can showcase strong advertising revenue and digital growth, it may lead to a positive market reaction.

Bear Case

Conversely, if viewership ratings decline or advertising revenue falls short, it could negatively impact the stock.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the growth rate of digital revenue this quarter?

Digital revenue growth is crucial for Nexstar's long-term strategy and could indicate its ability to adapt to changing viewer habits.

How did viewership ratings compare to last quarter?

Viewership ratings directly impact advertising revenue, and any decline could raise concerns about future earnings.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may underestimate Nexstar's potential for digital revenue growth, which could be stronger than anticipated.

Supporting Evidence

Recent trends in local advertising suggest a rebound that could benefit Nexstar.

The company's investment in digital platforms may yield better-than-expected results.

Options pricing indicates a larger expected move, suggesting that the market is bracing for significant news.

Key Risk

If digital revenue growth exceeds 15%, it could significantly shift market expectations.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around Nexstar's ability to maintain its advertising revenue amidst changing viewer preferences.

Bull Confirmed If

Digital revenue growth of +15% or better compared to the previous quarter.

Bear Confirmed If

A decline in viewership ratings below 5% year-over-year.

Pre-Earnings Positioning

Options Market

Implied Move

±5.27%

Historical Avg

±4.5%

Pricing rich

The options market is pricing in a significant move, suggesting uncertainty about the upcoming earnings report.

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 positive market reaction, potentially leading to a 0.91% increase in stock price.

In-Line / Cautious

If results are in line with expectations, management commentary will be key in determining market sentiment.

Miss

Should Nexstar miss earnings expectations, the stock could see a decline of approximately 2.28% based on historical patterns.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on digital revenue growth and its impact on overall earnings.
2Insights into viewership ratings and how they compare to competitors.
3Any new advertising partnerships or initiatives.
4Management's outlook on local news coverage and its importance.
5Comments on the competitive landscape in broadcasting.

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. (NXST) operates in the communication services sector, focusing on broadcasting....

Key Metrics to Watch

Advertising Revenue

Advertising revenue is a key driver for Nexstar's business, reflecting demand for local TV advertising.

N/A

Viewership Ratings

Higher viewership ratings can lead to increased advertising revenue and overall market share.

N/A

1 more metrics, 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, beating expectations by 6.49%. However, the stock saw a slight decline of 1.36% the following day.

Management Promises & Guidance

Focus on increasing digital revenue streams.
Commitment to enhancing local news coverage.
Plans to expand advertising partnerships.

Expectations

Wall Street Expectations

Overall, expectations are mixed ahead of the earnings report, with no analyst estimates available to guide sentiment.

Bull Case

If Nexstar can showcase strong advertising revenue and digital growth, it may lead to a positive market reaction.

Bear Case

Conversely, if viewership ratings decline or advertising revenue falls short, it could negatively impact the stock.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the growth rate of digital revenue this quarter?

Digital revenue growth is crucial for Nexstar's long-term strategy and could indicate its ability to adapt to changing viewer habits.

How did viewership ratings compare to last quarter?

Viewership ratings directly impact advertising revenue, and any decline could raise concerns about future earnings.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may underestimate Nexstar's potential for digital revenue growth, which could be stronger than anticipated.

Supporting Evidence

Recent trends in local advertising suggest a rebound that could benefit Nexstar.

The company's investment in digital platforms may yield better-than-expected results.

Options pricing indicates a larger expected move, suggesting that the market is bracing for significant news.

Key Risk

If digital revenue growth exceeds 15%, it could significantly shift market expectations.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around Nexstar's ability to maintain its advertising revenue amidst changing viewer preferences.

Bull Confirmed If

Digital revenue growth of +15% or better compared to the previous quarter.

Bear Confirmed If

A decline in viewership ratings below 5% year-over-year.

Pre-Earnings Positioning

Options Market

Implied Move

±5.27%

Historical Avg

±4.5%

Pricing rich

The options market is pricing in a significant move, suggesting uncertainty about the upcoming earnings report.

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 positive market reaction, potentially leading to a 0.91% increase in stock price.

In-Line / Cautious

If results are in line with expectations, management commentary will be key in determining market sentiment.

Miss

Should Nexstar miss earnings expectations, the stock could see a decline of approximately 2.28% based on historical patterns.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on digital revenue growth and its impact on overall earnings.
2Insights into viewership ratings and how they compare to competitors.
3Any new advertising partnerships or initiatives.
4Management's outlook on local news coverage and its importance.
5Comments on the competitive landscape in broadcasting.