Netflix, Inc. (NASDAQ:NFLX) Expected to Post Earnings of $0.52 Per Share

Analysts predict that Netflix, Inc. (NASDAQ:NFLX) will report earnings per share (EPS) of $0.52 for the current quarter, Zacks Investment Research reports. Ten analysts have made estimates for Netflix’s earnings, with estimates ranging from $0.50 to $0.59. Netflix posted earnings of $0.30 per share in the same quarter last year, which suggests a positive year over year growth rate of 73.3%. The business is expected to announce its next quarterly earnings results on Thursday, January 16th.

On average, analysts expect that Netflix will report full year earnings of $3.35 per share for the current financial year, with EPS estimates ranging from $3.33 to $3.42. For the next fiscal year, analysts anticipate that the company will report earnings of $5.50 per share, with EPS estimates ranging from $4.93 to $6.57. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Netflix.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Wednesday, October 16th. The Internet television network reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.42. The company had revenue of $5.25 billion during the quarter, compared to the consensus estimate of $5.25 billion. Netflix had a net margin of 7.49% and a return on equity of 23.65%. The company’s revenue for the quarter was up 31.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.89 earnings per share.

NFLX has been the topic of a number of analyst reports. Cowen lowered their target price on shares of Netflix from $435.00 to $415.00 and set an “outperform” rating on the stock in a report on Thursday, October 17th. Nomura upped their target price on shares of Netflix from $310.00 to $330.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Imperial Capital restated an “outperform” rating and issued a $446.00 target price (down previously from $451.00) on shares of Netflix in a report on Monday, October 28th. Evercore ISI lowered their target price on shares of Netflix from $380.00 to $300.00 and set an “in-line” rating on the stock in a report on Monday, October 7th. Finally, Loop Capital lowered their target price on shares of Netflix to $415.00 in a report on Thursday, October 17th. Four equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $368.28.

In other Netflix news, CEO Reed Hastings sold 52,269 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $300.10, for a total value of $15,685,926.90. Following the completion of the sale, the chief executive officer now owns 52,269 shares in the company, valued at approximately $15,685,926.90. The transaction was disclosed in a document filed with the SEC, which is available at this link. In the last quarter, insiders sold 135,702 shares of company stock valued at $38,290,015. Company insiders own 4.29% of the company’s stock.

Several hedge funds have recently modified their holdings of NFLX. Nuveen Asset Management LLC purchased a new stake in shares of Netflix during the 2nd quarter worth approximately $1,246,724,000. Invesco Ltd. increased its stake in shares of Netflix by 39.1% during the 2nd quarter. Invesco Ltd. now owns 7,249,377 shares of the Internet television network’s stock worth $2,662,841,000 after purchasing an additional 2,039,046 shares during the last quarter. Fisher Asset Management LLC increased its stake in shares of Netflix by 142.6% during the 3rd quarter. Fisher Asset Management LLC now owns 2,216,329 shares of the Internet television network’s stock worth $593,134,000 after purchasing an additional 1,302,678 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Netflix by 3.5% during the 2nd quarter. Vanguard Group Inc. now owns 32,688,805 shares of the Internet television network’s stock worth $12,007,252,000 after purchasing an additional 1,118,349 shares during the last quarter. Finally, Thoroughbred Financial Services LLC increased its stake in shares of Netflix by 36,563.5% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 786,432 shares of the Internet television network’s stock worth $78,643,000 after purchasing an additional 784,287 shares during the last quarter. Institutional investors own 79.22% of the company’s stock.

Shares of NASDAQ:NFLX traded up $5.41 during trading on Tuesday, hitting $295.03. 6,328,900 shares of the company were exchanged, compared to its average volume of 7,219,634. The company has a market capitalization of $126.81 billion, a P/E ratio of 110.09, a price-to-earnings-growth ratio of 2.90 and a beta of 1.25. The business’s 50 day moving average is $279.50 and its 200-day moving average is $320.55. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.81. Netflix has a 1-year low of $231.23 and a 1-year high of $385.99.

Netflix Company Profile

Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.

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Earnings History and Estimates for Netflix (NASDAQ:NFLX)

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