Brokerages expect Netflix, Inc. (NASDAQ:NFLX) to post $3.28 billion in sales for the current quarter, according to Zacks. Twelve analysts have provided estimates for Netflix’s earnings, with estimates ranging from $3.24 billion to $3.31 billion. Netflix reported sales of $2.48 billion in the same quarter last year, which indicates a positive year over year growth rate of 32.3%. The business is expected to announce its next quarterly earnings results on Wednesday, January 17th.

According to Zacks, analysts expect that Netflix will report full year sales of $3.28 billion for the current financial year, with estimates ranging from $11.65 billion to $11.72 billion. For the next financial year, analysts anticipate that the business will report sales of $14.91 billion per share, with estimates ranging from $13.88 billion to $15.56 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Netflix.

Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.03). The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.97 billion. Netflix had a net margin of 4.04% and a return on equity of 14.56%. The firm’s revenue was up 30.3% compared to the same quarter last year. During the same period last year, the business posted $0.12 EPS.

Several analysts have issued reports on NFLX shares. Vetr cut Netflix from a “hold” rating to a “sell” rating and set a $165.09 target price on the stock. in a research report on Wednesday, August 30th. Robert W. Baird reaffirmed a “hold” rating and set a $175.00 target price on shares of Netflix in a research report on Friday, September 1st. Jefferies Group set a $165.00 target price on Netflix and gave the company a “neutral” rating in a research report on Monday, September 18th. Zacks Investment Research raised Netflix from a “hold” rating to a “buy” rating and set a $219.00 target price on the stock in a research report on Monday, November 20th. Finally, KeyCorp reaffirmed a “buy” rating and set a $190.00 target price on shares of Netflix in a research report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the stock. Netflix currently has a consensus rating of “Buy” and an average price target of $209.65.

Shares of Netflix (NFLX) opened at $189.56 on Friday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.47. The stock has a market capitalization of $81,970.00, a price-to-earnings ratio of 187.61, a price-to-earnings-growth ratio of 5.52 and a beta of 1.33. Netflix has a 52-week low of $122.87 and a 52-week high of $204.38.

In other Netflix news, Director Ann Mather sold 3,885 shares of Netflix stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $200.00, for a total transaction of $777,000.00. Following the completion of the transaction, the director now owns 1,015 shares in the company, valued at approximately $203,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jonathan Friedland sold 3,617 shares of Netflix stock in a transaction dated Tuesday, October 17th. The shares were sold at an average price of $203.35, for a total value of $735,516.95. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 325,285 shares of company stock valued at $62,818,751. 4.90% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NFLX. Balentine LLC raised its stake in shares of Netflix by 1,020.4% during the 3rd quarter. Balentine LLC now owns 549 shares of the Internet television network’s stock valued at $100,000 after buying an additional 500 shares during the last quarter. Almanack Investment Partners LLC. purchased a new position in shares of Netflix during the 2nd quarter valued at about $101,000. Aviance Capital Management LLC purchased a new position in shares of Netflix during the 2nd quarter valued at about $137,000. Captrust Financial Advisors purchased a new position in shares of Netflix during the 2nd quarter valued at about $139,000. Finally, Harfst & Associates Inc. raised its stake in shares of Netflix by 36.8% during the 2nd quarter. Harfst & Associates Inc. now owns 1,015 shares of the Internet television network’s stock valued at $151,000 after buying an additional 273 shares during the last quarter. Institutional investors and hedge funds own 83.37% of the company’s stock.

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About Netflix

Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.

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Earnings History and Estimates for Netflix (NASDAQ:NFLX)

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