Nexstar Operating Income vs Other Operating Expenses Analysis
NXST Stock | USD 161.42 0.76 0.47% |
Nexstar Broadcasting financial indicator trend analysis is infinitely more than just investigating Nexstar Broadcasting recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nexstar Broadcasting is a good investment. Please check the relationship between Nexstar Broadcasting Operating Income and its Other Operating Expenses accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nexstar Broadcasting Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.
Operating Income vs Other Operating Expenses
Operating Income vs Other Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nexstar Broadcasting Operating Income account and Other Operating Expenses. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Nexstar Broadcasting's Operating Income and Other Operating Expenses is 0.87. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of Nexstar Broadcasting Group, assuming nothing else is changed. The correlation between historical values of Nexstar Broadcasting's Operating Income and Other Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Nexstar Broadcasting Group are associated (or correlated) with its Other Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Operating Expenses has no effect on the direction of Operating Income i.e., Nexstar Broadcasting's Operating Income and Other Operating Expenses go up and down completely randomly.
Correlation Coefficient | 0.87 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Operating Income
Operating Income is the amount of profit realized from Nexstar Broadcasting operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Nexstar Broadcasting Group is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Nexstar Broadcasting. It is also known as Nexstar Broadcasting overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Most indicators from Nexstar Broadcasting's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nexstar Broadcasting current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nexstar Broadcasting Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. At this time, Nexstar Broadcasting's Selling General Administrative is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.29 in 2024, whereas Tax Provision is likely to drop slightly above 141.5 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 2.8B | 3.2B | 1.8B | 1.9B | Total Revenue | 4.6B | 5.2B | 4.9B | 5.2B |
Nexstar Broadcasting fundamental ratios Correlations
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Nexstar Broadcasting Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Nexstar Broadcasting fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 14.0B | 13.4B | 13.3B | 12.7B | 12.3B | 12.9B | |
Net Debt | 8.3B | 7.5B | 7.3B | 6.8B | 7.0B | 7.3B | |
Cash | 232.1M | 152.7M | 190.9M | 204.1M | 147M | 76.1M | |
Other Assets | 456.9M | 6.9B | 153.1M | 89.9M | 103.4M | 98.2M | |
Cash And Short Term Investments | 232.1M | 152.7M | 190.9M | 204.1M | 147M | 76.1M | |
Common Stock Shares Outstanding | 47.9M | 46.7M | 44.0M | 40.2M | 35.8M | 32.9M | |
Liabilities And Stockholders Equity | 14.0B | 13.4B | 13.3B | 12.7B | 12.3B | 12.9B | |
Total Liab | 11.9B | 10.9B | 10.4B | 9.9B | 10.0B | 10.4B | |
Total Current Assets | 1.4B | 1.2B | 1.4B | 1.6B | 1.5B | 1.5B | |
Other Current Liab | 138.2M | 78.3M | 56.3M | 521.6M | 555M | 582.8M | |
Total Current Liabilities | 947.6M | 730.9M | 787.3M | 893.2M | 961M | 1.0B | |
Total Stockholder Equity | 2.0B | 2.5B | 2.9B | 2.7B | 2.3B | 2.4B | |
Other Liab | 2.4B | 2.2B | 2.0B | 2.0B | 2.2B | 2.4B | |
Accounts Payable | 157.4M | 218.4M | 248.2M | 197.7M | 235M | 246.8M | |
Long Term Debt | 8.4B | 7.6B | 7.4B | 6.8B | 6.7B | 7.0B | |
Good Will | 3.0B | 3.0B | 3.1B | 3.0B | 2.9B | 3.1B | |
Other Current Assets | 67.2M | 152.5M | 200.8M | 315.4M | 224M | 235.2M | |
Other Stockholder Equity | 1.2B | 995.4M | 504.1M | (319.5M) | (890M) | (845.5M) | |
Intangible Assets | 6.2B | 5.8B | 5.6B | 5.3B | 5.1B | 5.3B | |
Property Plant Equipment | 1.5B | 1.6B | 1.8B | 1.6B | 1.8B | 1.9B | |
Short Long Term Debt Total | 8.5B | 7.7B | 7.5B | 7.0B | 7.1B | 7.5B | |
Property Plant And Equipment Net | 1.3B | 1.6B | 1.5B | 1.3B | 1.6B | 1.6B | |
Current Deferred Revenue | 175.9M | 542.7M | 412.7M | 392.8M | 451.7M | 474.3M | |
Retained Earnings | 778.8M | 1.5B | 2.2B | 3.0B | 3.2B | 3.3B | |
Non Current Assets Total | 12.6B | 12.2B | 11.9B | 11.1B | 10.8B | 11.3B | |
Non Currrent Assets Other | 692.2M | 422.7M | 285.0M | 178.3M | 96M | 122.2M | |
Net Receivables | 883.9M | 904.8M | 1.0B | 1.1B | 1.1B | 1.1B | |
Non Current Liabilities Total | 11.0B | 10.1B | 9.6B | 9.0B | 9.0B | 9.4B | |
Inventory | 22.7M | 168.6M | 1.0 | 15.6M | 17.9M | 21.1M | |
Property Plant And Equipment Gross | 1.3B | 1.6B | 2.3B | 2.1B | 2.2B | 2.3B | |
Accumulated Other Comprehensive Income | 19.9M | 34.5M | 141.7M | 26.9M | 1M | 1.1M | |
Short Term Debt | 109.3M | 21.4M | 90.0M | 173.9M | 171M | 179.6M | |
Net Tangible Assets | (7.9B) | (7.0B) | (6.1B) | (5.6B) | (5.0B) | (5.3B) | |
Retained Earnings Total Equity | 620.4M | 778.8M | 1.5B | 2.2B | 2.5B | 2.7B | |
Capital Surpluse | 1.4B | 1.4B | 1.4B | 1.3B | 1.5B | 959.2M | |
Non Current Liabilities Other | 894.7M | 815.9M | 523.3M | 583.6M | 571M | 379.6M | |
Noncontrolling Interest In Consolidated Entity | 16.2M | 22.0M | 18.5M | 7.1M | 8.2M | 7.7M |
Pair Trading with Nexstar Broadcasting
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Nexstar Broadcasting position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Nexstar Broadcasting will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Nexstar Broadcasting could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nexstar Broadcasting when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Nexstar Broadcasting - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Nexstar Broadcasting Group to buy it.
The correlation of Nexstar Broadcasting is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Nexstar Broadcasting moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nexstar Broadcasting moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Nexstar Broadcasting can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nexstar Broadcasting Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
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When running Nexstar Broadcasting's price analysis, check to measure Nexstar Broadcasting's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nexstar Broadcasting is operating at the current time. Most of Nexstar Broadcasting's value examination focuses on studying past and present price action to predict the probability of Nexstar Broadcasting's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nexstar Broadcasting's price. Additionally, you may evaluate how the addition of Nexstar Broadcasting to your portfolios can decrease your overall portfolio volatility.
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Is Nexstar Broadcasting's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nexstar Broadcasting. If investors know Nexstar will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nexstar Broadcasting listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.737 | Dividend Share 5.74 | Earnings Share 11.83 | Revenue Per Share 143.769 | Quarterly Revenue Growth 0.021 |
The market value of Nexstar Broadcasting is measured differently than its book value, which is the value of Nexstar that is recorded on the company's balance sheet. Investors also form their own opinion of Nexstar Broadcasting's value that differs from its market value or its book value, called intrinsic value, which is Nexstar Broadcasting's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nexstar Broadcasting's market value can be influenced by many factors that don't directly affect Nexstar Broadcasting's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nexstar Broadcasting's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nexstar Broadcasting is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nexstar Broadcasting's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.