Nexstar Media Group Reports Record First Quarter Net Revenue of $1,113.9 Million
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May 4, 2021 1:23 PM EDT
Guggenheim analyst Curry Baker raised the price target on Nexstar Broadcasting Group (NASDAQ: NXST) to $175.00 (from $170.00) while maintaining a Buy rating.
The analyst commented, "Nexstar reported 1Q revenue of $1,114mm (vs. our $1,088mm estimate) and EBITDA of $571mm (vs. our $508mm estimate), with the... More
May 4, 2021 7:08 AM EDT
Nexstar Media (NASDAQ: NXST) reported Q1 EPS of $4.42, $0.94 better than the analyst estimate of $3.48. Revenue for the quarter came in at $1.11 billion versus the consensus estimate of $1.08 billion.
CEO Comment
Perry A. Sook, Chairman and Chief Executive Officer of Nexstar Media Group commented, Nexstar generated record first quarter financial results across key financial and cash flow metrics, outperforming consensus expectations and marking continued operating momentum and an exceptionally strong start to the year. Record first quarter net revenue reflects double-digit growth in digital and distribution revenue and Nexstars ability to drive... More
