NXST Stock Analysis: Nexstar Broadcasting | NASDAQ

Broadcast Television, Radio Operations, Cable News, Digital Advertising

Total Rating 23

Safety 28

Buy Signal -0.19

Broadcasting
Industry Rotation: -3.3

Market Cap: 4.83B
Avg Turnover: 61.3M

Risk 3d forecast

Volatility32.9%

VaR 5^th Pctl5.54%

VaR vs Median2.13%

Reward TTM

Sharpe Ratio-0.53

Rel. Str. IBD13.2

Rel. Str. Peer Group22.7

Character TTM

Beta0.712

Beta Downside0.650

Hurst Exponent0.530

Drawdowns 3y

Max DD38.43%

CAGR/Max DD0.20

CAGR/Mean DD0.71

EPS (Earnings per Share)

EPS CAGR: 13.40%
EPS Trend: 61.0%

Last SUE: -2.14
Qual. Beats: -1

Revenue

Rev. CAGR: 5.60%
Rev. Trend: 52.6%

Last SUE: 4.00
Qual. Beats: 3

Warnings

High Debt/EBITDA With Thin Interest Coverage

Beneish M-Score Likely Earnings Manipulation

Below Avwap Earnings

Below Sma 200d

Tailwinds

Confidence

Seasonality 11.7 years of data

Jan -0.1% 5

Feb +0.5% 7

Mar -2.2% 16

Apr -0.8% 10

May +1.6% 8

Jun -1.6% 28

Jul +4.5% 36

Aug -0.6% 7

Sep -3.5% 33

Oct -2.7% 23

Nov +8.0% 26

Dec +0.9% 11

How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.

Description: NXST Nexstar Broadcasting

Nexstar Media Group, Inc. (NXST) is a U.S.-based diversified media company headquartered in Irving, Texas, founded in 1996 and listed on NASDAQ since 2003. It operates a portfolio of television and radio stations affiliated with major U.S. broadcast networks, including ABC, NBC, FOX, CBS, The CW, and MyNetworkTV, and produces local and national news, sports, and entertainment content distributed across television and digital platforms.

In addition to its broadcast operations, Nexstar owns national media assets such as NewsNation, a national cable news network, and WGN-AM, a Chicago radio station. The company has built a sizable digital footprint that includes local websites, mobile applications, connected TV applications, The Hill, BestReviews, and advertising solutions offered to media publishers and advertisers.

As a mid-cap stock in the Communication Services sector (Broadcasting sub-industry), Nexstar operates within a U.S. local broadcasting industry that is highly consolidated, with a small number of station group owners accounting for a large share of the countrys local TV advertising revenue. Its business model combines traditional broadcast advertising with retransmission fees from cable and satellite distributors and a growing portfolio of digital advertising and content properties, reflecting the broader industry shift toward multiplatform distribution and digital monetization.

Headlines to Watch Out For

Political advertising revenue spikes during election cycles
Retransmission fee negotiations boost affiliate revenue growth
NewsNation losses pressure margins as cable subscribers decline

Piotroski VR-10 (Strict) 3.0

Net Income: 188.0m TTM > 0 and > 6% of Revenue
FCF/TA: 0.04 > 0.02 and ΔFCF/TA -6.88 > 1.0
NWC/Revenue: 10.35% < 20% (prev 10.68%; Δ -0.33% < -1%)
CFO/TA 0.05 > 3% & CFO 894.0m > Net Income 188.0m
Net Debt (11.9b) to EBITDA (1.81b): 6.58 < 3
Current Ratio: 1.56 > 1.5 & < 3
Outstanding Shares: last quarter (30.9m) vs 12m ago 0.62% < -2%
Gross Margin: 52.19% > 18% (prev 58.07%; Δ -5.88% > 0.5%)
Asset Turnover: 47.95% > 50% (prev 46.93%; Δ 1.02% > 0%)
Interest Coverage Ratio: 1.43 > 6 (EBIT TTM 707.0m / Interest Expense TTM 495.0m)

Altman Z'' 1.43

A: 0.04 (Total Current Assets 2.00b - Total Current Liabilities 1.28b) / Total Assets 17.7b
B: 0.21 (Retained Earnings 3.69b / Total Assets 17.7b)
C: 0.05 (EBIT TTM 707.0m / Avg Total Assets 14.5b)
D: 0.15 (Book Value of Equity 2.27b / Total Liabilities 15.5b)
Altman-Z'' = 1.43 = BB

Beneish M -1.10

DSRI: 3.0 (Receivables 1.58b/6.00m, Revenue 6.96b/5.32b)
GMI: 1.11 (GM 58.07% / 52.19%)
AQI: 0.93 (AQ_t 0.78 / AQ_t-1 0.84)
SGI: 1.31 (Revenue 6.96b / 5.32b)
TATA: -0.04 (NI 188.0m - CFO 894.0m) / TA 17.7b)
Beneish M = -1.10 (Cap -4..+1) = D

What is the price of NXST shares?

As of October 07, 2026, the stock is trading at USD 157.36 with a total of 379,604 shares traded. Over the past week, the price has changed by -2.55%, over one month by -6.97%, over three months by -13.05% and over the past year by -19.10%.

Current recommended Stop Loss: 149.70 (which is 4.9% or 1.3 ATR below the current price).

Is NXST a buy, sell or hold?

Nexstar Broadcasting has received a consensus analysts rating of 4.75. Therefore, it is recommended to buy NXST.

StrongBuy: 6
Buy: 2
Hold: 0
Sell: 0
StrongSell: 0

What are the forecasts/targets for the NXST price?

Analysts Target Price	246.8	56.8%

Nexstar Broadcasting (NXST) - Fundamental Data Overview as of 07 October 2026

Market Cap USD = 4.83b (4.83b USD * 1.0 USD.USD)
P/E Trailing = 29.6705
P/E Forward = 8.9047
P/S = 0.8214
P/B = 2.2787
P/EG = 0.2827
Revenue TTM = 6.96b USD
EBIT TTM = 707.0m USD
EBITDA TTM = 1.81b USD
Long Term Debt = 11.4b USD (from longTermDebt, last quarter)
Short Term Debt = 385.0m USD (from shortTermDebt, last quarter)
Debt = 12.1b USD (from shortLongTermDebtTotal, last quarter) + Leases 54.0m
Net Debt = 11.9b USD (calculated: Debt 12.1b - CCE 218.0m)
Enterprise Value = 16.7b USD (4.83b + Debt 12.1b - CCE 218.0m)
Interest Coverage Ratio = 1.43 (Ebit TTM 707.0m / Interest Expense TTM 495.0m)
EV/FCF = 22.54x (Enterprise Value 16.7b / FCF TTM 743.0m)
FCF Yield = 4.44% (FCF TTM 743.0m / Enterprise Value 16.7b)
FCF Margin = 10.67% (FCF TTM 743.0m / Revenue TTM 6.96b)
Net Margin = 2.70% (Net Income TTM 188.0m / Revenue TTM 6.96b)
Gross Margin = 52.19% ((Revenue TTM 6.96b - Cost of Revenue TTM 3.33b) / Revenue TTM)
Gross Margin QoQ = 64.71% (prev 47.56%)
Tobins Q-Ratio = 0.95 (Enterprise Value 16.7b / Total Assets 17.7b)
Interest Expense / Debt = 4.08% (Interest Expense 495.0m / Debt 12.1b)
Taxrate = 20.75% (44.0m / 212.0m)
NOPAT = 560.3m (EBIT 707.0m * (1 - 20.75%))
Current Ratio = 1.56 (Total Current Assets 2.00b / Total Current Liabilities 1.28b)
Debt / Equity = 5.36 (Debt 12.1b / totalStockholderEquity, last quarter 2.27b)
Debt / EBITDA = 6.58 (Net Debt 11.9b / EBITDA 1.81b)
Debt / FCF = 16.04 (Net Debt 11.9b / FCF TTM 743.0m)
Total Stockholder Equity = 2.20b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.29% (Net Income 188.0m / Total Assets 17.7b)
RoE = 8.56% (Net Income TTM 188.0m / Total Stockholder Equity 2.20b)
RoCE = 5.20% (EBIT 707.0m / Capital Employed (Equity 2.20b + L.T.Debt 11.4b))
RoIC = 3.38% (NOPAT 560.3m / Invested Capital 16.6b)
WACC = 4.73% (E(4.83b)/V(17.0b) * Re(8.49%) + D(12.1b)/V(17.0b) * Rd(4.08%) * (1-Tc(0.21)))
Discount Rate = 8.49% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -82.92 | Cagr: -4.18%
[DCF] Terminal Value 73.10% ; FCFF base≈947.4m ; Y1≈830.8m ; Y5≈671.3m
[DCF] Fair Price = N/A (negative equity: EV 10.8b - Net Debt 11.9b = -1.15b; debt exceeds intrinsic value)
EPS Correlation: 60.95 | EPS CAGR: 13.40% | SUE: -2.14 | # QB: -1
Revenue Correlation: 52.61 | Revenue CAGR: 5.60% | SUE: 4.0 | # QB: 3
EPS current Quarter (2026-09-30): EPS=9.41 | Chg30d=+6.57% | Revisions=+25% | Analysts=1
EPS current Year (2026-12-31): EPS=33.50 | Chg30d=+0.00% | Revisions=-17% | GrowthEPS=+173.4% | GrowthRev=+57.6%
EPS next Year (2027-12-31): EPS=23.30 | Chg30d=+0.00% | Revisions=-50% | GrowthEPS=-30.4% | GrowthRev=-2.7%
[Analyst] Revisions Ratio: -30% (up=2, down=5)