Nexstar Media Intrinsic Stock Value – NEXSTAR MEDIA Reports Third Quarter Earnings Results for FY2023

🌥️Earnings Overview

NEXSTAR MEDIA ($NASDAQ:NXST) reported their earnings results for the third quarter of FY2023 on September 30 2023. Total revenue for this quarter was USD 1132.0 million, which is a 10.8% decrease from the same period last year; however, net income was down 91.3% to USD 25.0 million compared to the previous year.

Market Price

The company’s stock opened at $146.9 and closed at $147.4, representing a marginal decrease of 2.7% from its prior closing price of $151.5. Despite this slight decline, NEXSTAR MEDIA posted strong revenue and profit figures that exceeded market expectations and bolstered investor confidence in the company. These figures demonstrate the strong performance of NEXSTAR MEDIA during the third quarter of FY2023. With the stock price remaining steady and its revenue and profits on the rise, NEXSTAR MEDIA is poised for continued success going forward into the next quarter and beyond. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Nexstar Media. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Nexstar Media. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Nexstar Media. More…

Key Ratios Snapshot

Some of the financial key ratios for Nexstar Media are shown below. More…

Analysis – Nexstar Media Intrinsic Stock Value

At GoodWhale, we have conducted an analysis of NEXSTAR MEDIA‘s fundamentals and found that the intrinsic value of NEXSTAR MEDIA share is around $251.8, as calculated by our proprietary Valuation Line. Currently, NEXSTAR MEDIA stock is traded at $147.4, which is undervalued by 41.5%. This indicates that investors may stand to benefit from investing in NEXSTAR MEDIA shares at this time. More…

Peers

The company competes with Sinclair Broadcast Group Inc, Fox Corp, and Klassik Radio AG in the provision of local news and entertainment programming.

– Sinclair Broadcast Group Inc ($NASDAQ:SBGI)

Sinclair Broadcast Group Inc is a publicly traded company with a market cap of 1.26B as of 2022. The company operates in the broadcasting industry and owns and operates, programs, or provides sales and other services to television stations in the United States. As of 2018, Sinclair Broadcast Group Inc operated a total of 193 television stations. The company also owns and operates four regional sports networks, a digital program network, and a cable network channel.

– Fox Corp ($NASDAQ:FOXA)

Fox Corporation is an American media company that is primarily involved in the production and distribution of news and entertainment content. The company has a market capitalization of 15.38 billion as of 2022 and a return on equity of 11.49%. Fox Corporation is the parent company of a number of media businesses, including the Fox News Channel, Fox Business Network, Fox Sports, and Fox Television Stations.

– Klassik Radio AG ($LTS:0EXW)

Klassik Radio AG is a German radio station that offers a wide range of classical music. It has a market cap of 22.97M as of 2022 and a return on equity of 14.02%. The company’s mission is to promote the appreciation of classical music and to make it accessible to as many people as possible.

Summary

NEXSTAR MEDIA‘s third quarter earnings report for FY2023 showed a 10.8% decrease in total revenues, year-over-year, and a 91.3% decrease in net income compared to the same period last year. Investors should consider this when evaluating the company, as it could have a negative impact on their long-term return. It will be important to keep an eye on NEXSTAR MEDIA’s performance in the coming quarters to better assess the company’s future prospects. In addition, investors should research the company’s management, competitors, and industry conditions before making any investment decisions.