Brokerages expect that Netflix, Inc. (NASDAQ:NFLX) will post earnings of $0.58 per share for the current quarter, Zacks Investment Research reports. Eleven analysts have made estimates for Netflix’s earnings, with estimates ranging from $0.53 to $0.69. Netflix reported earnings per share of $0.64 during the same quarter last year, which suggests a negative year over year growth rate of 9.4%. The company is scheduled to announce its next quarterly earnings report on Monday, April 15th.
According to Zacks, analysts expect that Netflix will report full year earnings of $4.03 per share for the current financial year, with EPS estimates ranging from $3.68 to $4.71. For the next year, analysts anticipate that the business will post earnings of $6.52 per share, with EPS estimates ranging from $5.00 to $7.54. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Netflix.
Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, January 17th. The Internet television network reported $0.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.06. Netflix had a return on equity of 25.82% and a net margin of 7.67%. The company had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $4.21 billion. During the same period last year, the firm earned $0.41 EPS. The business’s revenue for the quarter was up 27.4% on a year-over-year basis.
Several research analysts have recently issued reports on the company. BidaskClub lowered Netflix from a “buy” rating to a “hold” rating in a research report on Tuesday, January 22nd. UBS Group reiterated a “buy” rating and set a $420.00 target price (up from $410.00) on shares of Netflix in a report on Friday, January 18th. ValuEngine upgraded Netflix from a “hold” rating to a “buy” rating in a report on Monday, January 7th. Nomura reiterated a “neutral” rating and set a $320.00 target price (up from $300.00) on shares of Netflix in a report on Friday, January 18th. Finally, Argus reiterated a “hold” rating on shares of Netflix in a report on Tuesday, January 22nd. Six analysts have rated the stock with a sell rating, eight have issued a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $376.33.
Shares of NASDAQ:NFLX traded up $9.34 during midday trading on Tuesday, hitting $355.07. The company had a trading volume of 3,872,467 shares, compared to its average volume of 12,933,921. Netflix has a 12 month low of $231.23 and a 12 month high of $423.21. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 1.98. The firm has a market capitalization of $151.75 billion, a P/E ratio of 132.49, a P/E/G ratio of 2.88 and a beta of 1.38.
In related news, CEO Reed Hastings sold 67,907 shares of Netflix stock in a transaction dated Tuesday, January 22nd. The stock was sold at an average price of $328.17, for a total value of $22,285,040.19. Following the sale, the chief executive officer now owns 67,907 shares of the company’s stock, valued at $22,285,040.19. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO David B. Wells sold 588 shares of Netflix stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $283.79, for a total value of $166,868.52. The disclosure for this sale can be found here. In the last ninety days, insiders sold 212,303 shares of company stock worth $59,417,475. 4.29% of the stock is owned by company insiders.
Several large investors have recently added to or reduced their stakes in NFLX. Insight Wealth Strategies LLC bought a new stake in shares of Netflix in the fourth quarter valued at approximately $660,000. Private Wealth Advisors Inc. boosted its stake in shares of Netflix by 3.4% in the fourth quarter. Private Wealth Advisors Inc. now owns 10,484 shares of the Internet television network’s stock valued at $2,806,000 after buying an additional 340 shares during the period. Usca Ria LLC boosted its stake in shares of Netflix by 6.8% in the fourth quarter. Usca Ria LLC now owns 2,052 shares of the Internet television network’s stock valued at $549,000 after buying an additional 130 shares during the period. Strategic Wealth Advisors Group LLC bought a new stake in shares of Netflix in the fourth quarter valued at approximately $7,630,000. Finally, Weatherly Asset Management L. P. boosted its stake in shares of Netflix by 0.3% in the fourth quarter. Weatherly Asset Management L. P. now owns 99,299 shares of the Internet television network’s stock valued at $26,578,000 after buying an additional 286 shares during the period. 79.49% of the stock is currently owned by institutional investors and hedge funds.
Netflix, Inc provides Internet entertainment services. The company operates in three reportable segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films. 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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