Equity Profile

NXST

Nexstar Media Group, Inc.

Communication ServicesBroadcasting$5.8B

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

Earnings Per Share (EPS)

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

N/A

Revenue Growth

Revenue growth is essential for understanding the company's ability to expand its market share and attract advertisers.

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. (NXST) operates in the communication services sector, focusing on broadcasting. As a major player in local television and digital media, it plays a crucial role in delivering news and entertainment to audiences across the United States.

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, surpassing estimates by 6.49%. However, the stock fell 1.36% the following day, indicating mixed market reactions.

Management Promises & Guidance

Focus on improving advertising revenue.
Commitment to enhancing digital content offerings.
Plans to expand local news coverage.

Expectations

Wall Street Expectations

Investors are cautiously optimistic about Nexstar's upcoming earnings, especially after a positive surprise last quarter. However, the company's inconsistent performance in previous quarters raises concerns.

Bull Case

If Nexstar can continue to grow its advertising revenue and maintain strong EPS, it could see a significant boost in stock price, reflecting investor confidence.

Bear Case

On the other hand, if the company fails to meet expectations or shows signs of declining revenue, it could lead to further stock price declines.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the reported EPS for Q2-2026?

The EPS figure will be crucial in determining whether Nexstar can maintain its profitability and investor confidence.

How has advertising revenue changed compared to previous quarters?

Understanding the trends in advertising revenue will help gauge the company's market position and growth potential.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate Nexstar's ability to capitalize on digital advertising growth, which could significantly enhance revenue.

Supporting Evidence

Recent trends indicate a shift towards digital platforms that Nexstar is well-positioned to exploit.

The company's commitment to expanding local news coverage could attract more advertisers.

Options pricing suggests higher volatility, indicating that the market may not fully appreciate the potential for positive surprises.

Key Risk

If advertising revenue shows unexpected growth, it could challenge the current cautious outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate revolves around Nexstar's ability to sustain its earnings growth amidst a competitive advertising landscape.

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 indicate potential issues with profitability and could lead to a sell-off.

Pre-Earnings Positioning

Options Market

Implied Move

±5.27%

Historical Avg

±4.5%

Pricing rich

The options market is pricing in a potential movement of about 5.3%, suggesting that investors expect some volatility around the 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 potential stock increase of around 0.91%, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations, the stock may see muted reactions as investors await further guidance.

Miss

A miss could lead to a decline of approximately 2.28%, reflecting disappointment in the company's performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on advertising revenue trends and strategies.
2Any commentary on digital content growth and its impact on overall revenue.
3Insights into local news coverage expansion plans.
4Management's outlook on the competitive landscape for broadcasting.
5Details on cost management and operational efficiencies.

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

Earnings Per Share (EPS)

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

N/A

Revenue Growth

Revenue growth is essential for understanding the company's ability to expand its market share and attract advertisers.

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, surpassing estimates by 6.49%. However, the stock fell 1.36% the following day, indicating mixed market reactions.

Management Promises & Guidance

Focus on improving advertising revenue.
Commitment to enhancing digital content offerings.
Plans to expand local news coverage.

Expectations

Wall Street Expectations

Bull Case

If Nexstar can continue to grow its advertising revenue and maintain strong EPS, it could see a significant boost in stock price, reflecting investor confidence.

Bear Case

On the other hand, if the company fails to meet expectations or shows signs of declining revenue, it could lead to further stock price declines.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the reported EPS for Q2-2026?

The EPS figure will be crucial in determining whether Nexstar can maintain its profitability and investor confidence.

How has advertising revenue changed compared to previous quarters?

Understanding the trends in advertising revenue will help gauge the company's market position and growth potential.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate Nexstar's ability to capitalize on digital advertising growth, which could significantly enhance revenue.

Supporting Evidence

Recent trends indicate a shift towards digital platforms that Nexstar is well-positioned to exploit.

The company's commitment to expanding local news coverage could attract more advertisers.

Options pricing suggests higher volatility, indicating that the market may not fully appreciate the potential for positive surprises.

Key Risk

If advertising revenue shows unexpected growth, it could challenge the current cautious outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate revolves around Nexstar's ability to sustain its earnings growth amidst a competitive advertising landscape.

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 indicate potential issues with profitability and could lead to a sell-off.

Pre-Earnings Positioning

Options Market

Implied Move

±5.27%

Historical Avg

±4.5%

Pricing rich

The options market is pricing in a potential movement of about 5.3%, suggesting that investors expect some volatility around the 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 potential stock increase of around 0.91%, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations, the stock may see muted reactions as investors await further guidance.

Miss

A miss could lead to a decline of approximately 2.28%, reflecting disappointment in the company's performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on advertising revenue trends and strategies.
2Any commentary on digital content growth and its impact on overall revenue.
3Insights into local news coverage expansion plans.
4Management's outlook on the competitive landscape for broadcasting.
5Details on cost management and operational efficiencies.