Nexstar Media Group, which faces a possible preliminary injunction from a Sacramento federal district judge that will prevent it from integrating TEGNA Inc. assets into its mix of owned-and-operated TV stations, has decided when it will report its Q1 2026 results — and maybe deflect analyst questions about what the immediate future holds for the nation’s largest owner of over-the-air television properties, even without TEGNA.
Company executives including founder and Chairman/CEO Perry Sook and CFO Lee Ann Gliha (pictured, top left) will host an earnings call at 10am Eastern on Thursday, May 7, following the pre-market release of Nexstar’s first quarter fiscal health report.
With the TEGNA merger on everyone’s minds, a Temporary Restraining Order that forces Nexstar to operate the company formerly known as Gannett as a “hold separate” entity will have expired long before the call. And by then, Judge Troy Nunley’s decision on a preliminary injunction will be more than one month in the past.
Still, TEGNA will likely be a key discussion point for financial analysts, as a preliminary injunction could put any forthcoming deals of similar fashion on ice for perhaps one to two years.
What do investors anticipate hearing from Nexstar come May 7? Six analysts polled by Yahoo! Finance chimed in on revenue anticipation, putting the consensus estimate at $1.26 billion, up 2.44% from the first quarter of 2025.
One analyst was bold enough to offer a Q1 2026 EPS prediction, and that is $4.39 per share — rising from $3.31 last year. However, it is unclear if that reflects the additional revenue tied to TEGNA properties.
With the release of Nexstar’s FY 2025 earnings in late February, the company only offered FY 2026 standalone guidance. On the earnings call, Gliha would only add that “we had some guidance here of flattish non-political advertising in the first quarter, so we are feeling decent about the macro outlook.”
