NASDAQ: NXST

Nexstar Media (NXST) Stock Analysis & Forecast

Sep 28 close

$161.78−0.32 (−0.2%)

Gekko Brief

Nexstar Media closed at $161.78 on 28 September 2026, -0.2% on the day. The price sits below both the 50-day ($179.95) and 200-day ($197.50) moving averages, inside a 52-week range of $154.47 to $254.30. The GekkoIndex reads 62.8, in the Accumulation zone, down 3.2 points over five sessions. Gekko Fair Value is $295.68, so the price is 45.3% below it.

The next earnings report is due on 5 November 2026, 37 days away. Over the last 8 reports the company beat the earnings estimate 4 times, with an average move of 6.6% across the report. Seasonally, the next 20 trading days from this point averaged +1.5% over the last 5 years, rising in 3 of them.

5 firms rate the stock: 5 buy, 0 hold and 0 sell, with a consensus target of $246.75. A typical daily move is about 4.2%, and a typical 20-day move about 6.3%. On the swing-trade checklist, 4 items read supportive and 1 reads as a headwind (trend).

Generated Sep 29, 2026 from the data above.

Nexstar Media price vs fair value

$295.68$161.78Sep ’25Mar ’26Sep ’26
Close $161.78200-day averageGekko Fair Value $295.68

Nexstar Media quick facts

Market cap
$4.94B
P/E ratio
31.4
Forward P/E
8.9
EPS, TTM
$5.15
Revenue, TTM
$5.88B
Profit margin
3.2%
Dividend yield
4.49%
Beta
0.89
Volume
371,796 avg 391,288
1-year return
−18.3%
Typical daily move
±4.2%
Typical 20-day move
±6.3%
50-day average
$179.95
200-day average
$197.50
Next earnings
Nov 5
Shares outstanding
30.81M
52-week range
$154.47$254.30

Nexstar Media swing-trade checklist

Nexstar Media scores 4 supportive, 0 mixed and 1 headwind across the 5 checklist items with data.

Six things swing traders check before a 20-day hold, read from the latest data.

4 supportive0 mixed1 headwind

  • Trendheadwind

    Below 50 and 200-day

    Close $161.78 is below the 50-day ($179.95) and 200-day ($197.50) averages, and the 50-day is below the 200-day.

    See the chart
  • GekkoIndexsupportive

    62.8, Accumulation

    Reading 62.8 is in the Accumulation zone.

    See the GekkoIndex
  • Fair valuesupportive

    45.3% below

    Price is 45.3% below Gekko Fair Value (more than 5% below).

    See fair value
  • Smart moneyno data

    No data

    No insider, Congress or unusual options activity in the window.

    See smart money
  • Earnings risksupportive

    Reports in 37 days

    Next report Nov 5, 2026, 37 days away — outside a typical 20-trading-day hold.

    See earnings
  • Seasonalitysupportive

    +1.5% on average

    From this point in the calendar, the next 20 trading days averaged +1.5% over 5 years, rising in 3 of them.

    See seasonality

A description of current data, not a recommendation. How this page works

Nexstar Media stock chart and price history

Nexstar Media closed at $161.78 on Sep 28, 2026, −18.3% over the past year, inside a 52-week range of $154.47 to $254.30.

Close50-day average200-day averageVolume
Nexstar Media share price, past year, with 50-day and 200-day moving averages and volume$180$200$220$240NovDecJan 2026FebMarAprMayJunJulAugSep161.78

Use the left and right arrow keys to read daily values.

Performance Breakdown

1 month
−10.1%
3 months
−5.2%
6 months
−24.1%
1 year
−18.3%
The full NXST chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open NXST in Gekko

Follow Nexstar Media through every session

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About Nexstar Media

Nexstar Media focuses on local television broadcasting alongside a range of digital content operations. It acquires, builds up, and runs local stations across the country, pairing them with community-oriented websites and other digital media offerings, and it delivers television programming to viewers free of charge. The company is also known for owning WGN America, a national cable channel built around general entertainment programming.

By the end of 2020, Nexstar Media owned, operated, programmed, or handled sales and related services for 198 television stations, and it supported another 37 stations through local service agreements covering sales, programming, and related functions. Its stations carry affiliations with major networks including ABC, NBC, FOX, CBS, The CW, and MyNetworkTV. The company also offers video and display advertising products that run both locally and nationally, spanning its own digital properties as well as outside websites and mobile apps.

The company was founded in 1996 and originally operated as Nexstar Broadcasting Group, Inc. before taking on its present name, Nexstar Media Group, Inc., in January 2017. It is headquartered in Irving, Texas, and its shares are listed on the NASDAQ under the ticker NXST.

Listed
NASDAQ
Sector
Consumer services
Industry
Broadcasting
Website
nexstar.tv

Nexstar Media GekkoIndex: the smart money zone

Nexstar Media’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 62.8, in the Accumulation zone, down 3.2 points over five sessions.

010062.8Accumulation

Down 3.2 points over five sessions.

Reading for Sep 28, 2026

What followed past readings in each zone

ZoneReadings5 days10 days20 days50 days
Buying38+2.6%+4.8%+5.9%+5.1%
Accumulation (current zone)222+0.4%+0.5%+2.4%+4.2%
Neutral382−0.2%−0.3%−0.9%−0.5%
Distribution29−2.1%−2.5%−4.9%−6.5%
Selling1Too few readings yet

Average NXST share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Accumulation readings averaged +2.3% over 20 days. Past behaviour doesn’t guarantee future results.

Accumulation zone: Institutional interest building. About the five zones →

See every daily GekkoIndex reading plotted over the NXST price, zone by zone.Track NXST in Gekko

Is Nexstar Media stock overvalued? Gekko Fair Value

Nexstar Media trades 45.3% below Gekko Fair Value of $295.68, so the shares are undervalued on Gekko’s estimate.

Gekko’s own estimate of what Nexstar Media shares are worth, recalculated every trading day.

$295.68

Gekko Fair Value, Sep 26, 2026

45.3% Undervalued

How Gekko Fair Value works →

Gekko Fair Value on every chart, with the gap to price updating daily.Open NXST in Gekko

Nexstar Media insider and Congress trading

No open-market insider purchases were filed for Nexstar Media, and no Congress trades were disclosed, in the last 90 days.

Plus buybacks, unusual options and fund positions, each dated to when it became public.

Insider buying last 90 days

No open-market insider purchases were filed for NXST in the last 90 days.

From Form 4 filings, dated to when each was filed.

Every NXST insider filing, plotted on the chart in Gekko.Open NXST in Gekko

Congress trades last 90 days

No trades in NXST were disclosed by members of Congress in the last 90 days.

From congressional disclosures, which report amounts as ranges.

Congress disclosures for NXST, plotted on the chart in Gekko.Open NXST in Gekko

Buybacks

Nexstar Media has been buying back its own shares.

Bought back, quarter ended Jun 30, 2026
$18.00M
As a share of market cap
0.36%
Trailing four quarters
$42.00M

From company filings.

Hedge funds and billionaires quarter ended Dec 31

1of the funds Gekko tracks holds NXST.

1added0opened0trimmed1sold out
Which funds are on each side, name by name.Unlock in Gekko

Nexstar Media earnings: next date and track record

Nexstar Media reports on Nov 5, 2026 (37 days away), and beat the EPS estimate in 4 of its last 8 reports.

4 of 8reports beat the EPS estimate
±6.6%average move across the report
4 of 8reports followed by a gain

Share-price move across each report

−7.9%Aug ’24−9.4%Nov ’24+15.6%Feb ’25+5.8%May ’25−0.1%Aug ’25−2.9%Nov ’25+7.9%Feb ’26+2.8%May ’26

Last earnings call, May 7, 2026 AI summary

What they said
Nexstar Media Group reported strong consolidated Q1 2026 financial results, including net revenue of $1.4 billion (up 13.1% YoY) and adjusted EBITDA of $470 million (33.7% margin), reflecting both legacy Nexstar performance and 13 days of TEGNA operations. Management highlighted completion of the TEGNA acquisition following FCC and DOJ approval but noted an unusual legal environment: a court-ordered hold-separate injunction limits day-to-day integration and requires TEGNA operate largely independently pending litigation. Management emphasized strong political advertising in Q1, diversified local advertising strengths, growth in digital on a combined basis, and strategic distribution partnerships (e.g., ESPN, Roku). Expenses rose due to $73 million of recurring incremental costs from TEGNA and $38 million of one-time corporate costs; CapEx was down in Q1 but expected to catch up. Management stressed ability to use TEGNA excess free cash flow for debt repayment and reaffirmed a focus on deleveraging and disciplined capital allocation, but they limited forward-looking guidance due to litigation constraints.
Guidance
Limited guidance: Management stated they will provide limited forward-looking guidance due to the hold-separate court order and litigation. They provided one specific near-term expectation: on a combined (as-combined) basis, non-political advertising for Q2 is expected to decline mid-single digits. They also noted CapEx delays will catch up over the year and reiterated an intention to continue deleveraging using excess cash flow, with $182M repaid through April 30 and an optional $150M paid after quarter-end.
Risks flagged
Legal and regulatory risk from ongoing litigation challenging the TEGNA acquisition and the court's hold-separate order limiting integration; uncertainty around outcomes of appeals or trial. Advertising softness in Q2 and general macro uncertainty (consumer conservatism, elevated gas prices) could pressure ad revenue. Declines at TEGNA's Premion segment due to loss of a major customer. Elevated corporate expenses and one-time acquisition-related costs. Possible divestiture requirements and timing risk related to regulatory remedies. Reliance on political advertising in 2026 creates earnings volatility.
ReportedEPSSurpriseRevenueSurpriseMove
May 7, 2026$6.61
est $4.39
+50.6%$1.40B
est $1.28B
+9.1%+2.8%
Feb 26, 2026$4.30
est $4.01
+7.2%$1.29B
est $1.25B
+3.1%+7.9%
Nov 6, 2025$2.14
est $2.62
−18.3%$1.20B
est $1.25B
−4.2%−2.9%
Aug 7, 2025$3.06
est $2.95
+3.7%$1.23B
est $1.21B
+1.4%−0.1%
May 8, 2025$3.31
est $3.00
+10.3%$1.23B
est $1.23B
+0.6%+5.8%
Feb 27, 2025$5.63
est $8.02
−29.8%$1.49B
est $1.25B
+19.1%+15.6%
Nov 7, 2024$5.27
est $5.41
−2.6%$1.37B
est $1.48B
−7.5%−9.4%
Aug 8, 2024$3.54
est $4.17
−15.1%$1.27B
est $1.30B
−2.1%−7.9%

“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.

Nexstar Media stock forecast and analyst price targets

Analysts’ average 12-month price target for Nexstar Media is $246.75, +52.5% from the last close, from 5 firms rating the stock in the last 90 days.

$246.75consensus 12-month target, +52.5% from the last close
Low $215High $290
Buy5
Hold0
Sell0

Each firm’s latest rating in the last 90 days: 5 firms.

Latest analyst actions

DateFirmRatingTargetvs price
Sep 8GuggenheimBuy, maintained$270+66.9%
Aug 31CitiBuy, maintained$215+32.9%
Aug 12CitiBuy, maintained$215+32.9%
Aug 11BarringtonBuy, reiterated$290+79.3%
Aug 10Deutsche Bank Buy, reiterated$240+48.3%
+2.4%average 20-day move after past Accumulation readings
+1.5%average move over the next 20 trading days in the last 5 years
±4.2%typical daily move, from the 14-day average range

Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.

Nexstar Media seasonality: the next 20 trading days

Over the next 20 trading days from Sep 26, Nexstar Media averaged +1.5% across the last 5 years, rising in 3 of them.

Next 20 trading days, by year

−4.8%2021+9.4%2022+2.6%2023+3.0%2024−3.6%2025

Average move and hit rate

WindowAverageYears higher
Next 5 trading days−0.2%3 of 5
Next 10 trading days+0.1%3 of 5
Next 15 trading days+1.2%3 of 5
Next 20 trading days+1.5%3 of 5
Next 30 trading days+3.4%3 of 5

For scale, NXST’s typical 20-trading-day move in either direction is about 6.3%.

Nexstar Media market cap and key statistics

Nexstar Media’s market cap is $4.94B, with a P/E ratio of 31.4 and revenue of $5.88B over the last twelve months.

Valuation

Market cap
$4.94B
P/E ratio
31.4
Forward P/E
8.9
EPS, TTM
$5.15
Gekko Fair Value
$295.68

Trading

Volume
371,796
Avg volume, 20 days
391,288
52-week high
$254.30
52-week low
$154.47
Shares outstanding
30.81M

Financials

Revenue, TTM
$5.88B
Profit margin
3.2%
Return on equity
7.4%
Quarterly earnings growth, YoY
+18.0%

Risk and income

Beta
0.89
Typical daily move
±4.2%
Typical 20-day move
±6.3%
Dividend yield
4.49%

Nexstar Media peers

Nexstar Media’s 6 largest industry peers by market value, with today’s move, GekkoIndex zone and gap to Gekko Fair Value.

StockTodayGekkoIndex zonevs Fair Value
FOXAFox+0.4%Accumulation23.1% below
FOXFox+0.5%Accumulation22.8% below
SIRISiriusXM+0.8%Buying11.7% below
NMAXNewsmax+1.4%Neutral17.0% below
SBGISinclair+0.2%Accumulation46.9% below
EVCEntravision Communications−1.1%Buying4.3% above

A peer links to its own page where one exists.

In the Buying zone today

Reporting earnings this week

Popular on Gekko

Nexstar Media stock FAQ

What is Nexstar Media’s market cap?

Nexstar Media’s market cap is $4.94B at the Sep 28, 2026 close of $161.78, with 30.81M shares outstanding. The shares trade on a P/E ratio of 31.4.

What is the Nexstar Media stock forecast?

The consensus analyst 12-month price target for Nexstar Media is $246.75, +52.5% from the last close. Of the 5 firms that rated the stock in the last 90 days, 5 rate it a buy, 0 a hold and 0 a sell. Gekko doesn’t publish price predictions of its own.

Is Nexstar Media stock overvalued or undervalued?

On Gekko’s estimate Nexstar Media is undervalued: the Sep 28, 2026 close of $161.78 is 45.3% below Gekko Fair Value of $295.68. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.

When does Nexstar Media report earnings next?

Nexstar Media is expected to report on Nov 5, 2026 (37 days away). Analysts expect earnings of $8.16 per share on revenue of $2.07B. Nexstar Media beat the earnings estimate in 4 of its last 8 reports, moving 6.6% on average across the report.

What is Nexstar Media’s 52-week high and low?

Nexstar Media’s 52-week high is $254.30 and its 52-week low is $154.47; it closed at $161.78 on Sep 28, 2026, −18.3% over the past year.

Is Nexstar Media stock a buy right now?

Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 4 of the 5 items with data read as supportive (gekkoindex, fair value, earnings risk and seasonality) and 1 as a headwind (trend). The checklist is a description of current data, not a recommendation.

How this page works

During US trading hours the price at the top of the page is a delayed quote, refreshed every 15 minutes; everything else is rebuilt after each US market close. The GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →

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