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NASDAQ: NXST
Nexstar Media Group Inc Stock Forecast, Predictions & Price Target

OverviewForecast
EarningsDividendOwnership

Analyst price target for NXST

Based on 2 analysts offering 12 month price targets for Nexstar Media Group Inc.
Min Forecast
$170.00+12.88%
Avg Forecast
$177.50+17.86%
Max Forecast
$185.00+22.84%

Should I buy or sell NXST stock?

Based on 2 analysts offering ratings for Nexstar Media Group Inc.
Strong Buy
Strong Buy
2 analysts 100%
Buy
0 analysts 0%
Hold
0 analysts 0%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

NXST stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDate
Deutsche Bank
Top 22%
79
Strong BuyMaintains$185.00+22.84%2021-07-02
Wells Fargo
Top 24%
77
Strong BuyMaintains$170.00+12.88%2021-02-24

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Forecast return on equity

Is NXST forecast to generate an efficient return?
Company
31.98%
Industry
-62.95%
Market
18.14%
NXST's Return on Equity is forecast to be high in 3 years (31.98%); analysts are confident in the firm's ability to efficiently generate return on equity
Forecast

Forecast return on assets

Is NXST forecast to generate an efficient return on assets?
Company
6.28%
Industry
12.17%
NXST is forecast to generate lower Return on Assets (6.28%) than the US Consumer Cyclical industry average (12.17%)
Forecast

NXST earnings per share forecast

What is NXST's earnings per share in the next 3 years based on estimates from 3 analysts?
Avg 1 year Forecast
$17.46-19.8%
Avg 2 year Forecast
$23.01+5.7%
Avg 3 year Forecast
$19.58-10.06%
NXST's earnings are forecast to grow at a rate of -0.18% per year, which is not exceptional
Forecast

NXST revenue forecast

What is NXST's revenue in the next 3 years based on estimates from 2 analysts?
Avg 1 year Forecast
$4.6B-2.97%
Avg 2 year Forecast
$5.2B+8.99%
Avg 3 year Forecast
$5.2B+9.69%
NXST's revenue is forecast to grow at a rate of 3.72% per year, which is not exceptional
Forecast

NXST earnings growth forecast

How is NXST forecast to perform vs Consumer Cyclical companies and vs the US market?
Company
-0.18%
Industry
23.43%
Market
18.51%
NXST's earnings are forecast to grow slower (-0.18% per year) than the US Consumer Cyclical industry average (23.43%)
Forecast
NXST's earnings are forecast to grow slower (-0.18% per year) than the US market average (18.51%)
Forecast
NXST's earnings are forecast to grow slower (-0.18% per year) than the risk-free savings rate (1.6%)
Forecast

NXST revenue growth forecast

How is NXST forecast to perform vs Consumer Cyclical companies and vs the US market?
Company
3.72%
Industry
15.59%
Market
11.92%
NXST's revenues are forecast to grow slower (3.72% per year) than the US Consumer Cyclical industry average (15.59%)
Forecast
NXST's revenues are forecast to grow slower (3.72% per year) than the US market average (11.92%)
Forecast

Nexstar Media Group Stock Forecast FAQ

Is Nexstar Media Group Stock a good buy in 2021, according to Wall Street analysts?

The consensus among 2 Wall Street analysts covering (NASDAQ: NXST) stock is to Strong Buy NXST stock.

Out of 2 analysts, 2 (100%) are recommending NXST as a Strong Buy, 0 (0%) are recommending NXST as a Buy, 0 (0%) are recommending NXST as a Hold, 0 (0%) are recommending NXST as a Sell, and 0 (0%) are recommending NXST as a Strong Sell.

What is NXST's earnings growth forecast for 2021-2023?

(NASDAQ: NXST) Nexstar Media Group's forecast annual earnings growth rate of -0.18% is not forecast to beat the US Consumer Cyclical industry's average forecast earnings growth rate of 23.43%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 18.51%.

Nexstar Media Group's earnings in 2021 is $955,942,000.On average, 3 Wall Street analysts forecast NXST's earnings for 2021 to be $729,777,174, with the lowest NXST earnings forecast at $684,636,318, and the highest NXST earnings forecast at $762,378,903. On average, 3 Wall Street analysts forecast NXST's earnings for 2022 to be $961,751,018, with the lowest NXST earnings forecast at $914,102,336, and the highest NXST earnings forecast at $1,009,399,699.

In 2023, NXST is forecast to generate $818,387,003 in earnings, with the lowest earnings forecast at $800,414,254 and the highest earnings forecast at $835,941,780.

What is NXST's revenue growth forecast for 2021-2023?

(NASDAQ: NXST) Nexstar Media Group's forecast annual revenue growth rate of 3.72% is not forecast to beat the US Consumer Cyclical industry's average forecast revenue growth rate of 15.59%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 11.92%.

Nexstar Media Group's revenue in 2021 is $4,740,335,000.On average, 2 Wall Street analysts forecast NXST's revenue for 2021 to be $192,241,949,117, with the lowest NXST revenue forecast at $191,469,120,942, and the highest NXST revenue forecast at $193,014,777,293. On average, 2 Wall Street analysts forecast NXST's revenue for 2022 to be $215,943,197,420, with the lowest NXST revenue forecast at $215,302,239,061, and the highest NXST revenue forecast at $216,584,155,780.

In 2023, NXST is forecast to generate $217,324,591,212 in revenue, with the lowest revenue forecast at $217,031,384,633 and the highest revenue forecast at $217,617,797,791.

What is NXST's forecast return on assets (ROA) for 2021-2024?

(NASDAQ: NXST) forecast ROA is 6.28%, which is lower than the forecast US Consumer Cyclical industry average of 12.17%.

What is NXST's Price Target?

According to 2 Wall Street analysts that have issued a 1 year NXST price target, the average NXST price target is $177.50, with the highest NXST stock price forecast at $185.00 and the lowest NXST stock price forecast at $170.00.

On average, Wall Street analysts predict that Nexstar Media Group's share price could stay at $177.50 by Jul 2, 2022. The average Nexstar Media Group stock price prediction forecasts a potential downside of N/A from the current NXST share price of $150.60.

What is NXST's Earnings Per Share (EPS) forecast for 2021-2023?

(NASDAQ: NXST) Nexstar Media Group's current Earnings Per Share (EPS) is $21.77. On average, analysts forecast that NXST's EPS will be $17.46 for 2021, with the lowest EPS forecast at $16.38, and the highest EPS forecast at $18.24. On average, analysts forecast that NXST's EPS will be $23.01 for 2022, with the lowest EPS forecast at $21.87, and the highest EPS forecast at $24.15. In 2023, NXST's EPS is forecast to hit $19.58 (min: $19.15, max: $20.00).

What is NXST's forecast return on equity (ROE) for 2021-2024?

(NASDAQ: NXST) forecast ROE is 31.98%, which is considered strong.
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