Nexstar Media Gr Q2 EPS $2.64 Misses $2.88 Estimate, Sales $1.24B Miss $1.25B Estimate
Portfolio Pulse from Benzinga Newsdesk
Nexstar Media Gr (NASDAQ:NXST) reported Q2 earnings of $2.64 per share, missing the analyst consensus estimate of $2.88 by 8.33 percent. This is a 52.52 percent decrease from the same period last year. The company also reported quarterly sales of $1.24 billion, missing the analyst consensus estimate of $1.25 billion by 0.72 percent, a 0.40 percent decrease from the same period last year.
August 08, 2023 | 11:05 am
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NEGATIVE IMPACT
Nexstar Media Gr's Q2 earnings and sales missed estimates, with a significant YoY decrease in earnings. This could negatively impact the company's stock price in the short term.
Nexstar Media Gr's Q2 earnings and sales missed analyst estimates, which is typically seen as a negative signal by the market. Additionally, the significant YoY decrease in earnings could further dampen investor sentiment, potentially leading to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100