Analysts Expect Netflix, Inc. (NFLX) Will Post Earnings of $0.32 Per Share

Wall Street analysts expect Netflix, Inc. (NASDAQ:NFLX) to announce $0.32 earnings per share for the current fiscal quarter, according to Zacks. Thirteen analysts have issued estimates for Netflix’s earnings, with the lowest EPS estimate coming in at $0.32 and the highest estimate coming in at $0.33. Netflix reported earnings per share of $0.12 during the same quarter last year, which indicates a positive year-over-year growth rate of 166.7%. The company is scheduled to report its next earnings report on Monday, October 16th.

According to Zacks, analysts expect that Netflix will report full year earnings of $1.19 per share for the current year, with EPS estimates ranging from $1.11 to $1.24. For the next financial year, analysts expect that the firm will report earnings of $2.04 per share, with EPS estimates ranging from $1.57 to $2.61. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Netflix.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Monday, July 17th. The Internet television network reported $0.15 EPS for the quarter, missing the consensus estimate of $0.16 by $0.01. The firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. Netflix had a return on equity of 12.82% and a net margin of 3.55%. The firm’s revenue was up 32.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.09 EPS.

A number of research analysts have issued reports on NFLX shares. Instinet reissued a “buy” rating on shares of Netflix in a report on Friday, June 2nd. Canaccord Genuity lifted their price objective on Netflix from $165.00 to $175.00 and gave the company a “buy” rating in a report on Friday, June 16th. Bank of America Corporation reissued a “buy” rating and set a $184.00 price objective (up from $154.00) on shares of Netflix in a report on Tuesday, April 18th. Morgan Stanley reissued an “overweight” rating and set a $185.00 price objective (up from $175.00) on shares of Netflix in a report on Thursday, July 13th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $175.00 price objective on shares of Netflix in a report on Friday, June 16th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $174.74.

In related news, Director Leslie J. Kilgore sold 1,078 shares of the company’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $162.00, for a total transaction of $174,636.00. Following the completion of the sale, the director now directly owns 36,274 shares in the company, valued at approximately $5,876,388. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Richard N. Barton sold 1,000 shares of the company’s stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $156.62, for a total value of $156,620.00. Following the sale, the director now owns 8,012 shares of the company’s stock, valued at $1,254,839.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 398,801 shares of company stock valued at $66,269,371. 4.90% of the stock is owned by corporate insiders.

Hedge funds have recently made changes to their positions in the company. Bronfman E.L. Rothschild L.P. increased its stake in shares of Netflix by 0.8% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,134 shares of the Internet television network’s stock valued at $168,000 after buying an additional 9 shares in the last quarter. Guardian Life Insurance Co. of America increased its stake in shares of Netflix by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,655 shares of the Internet television network’s stock valued at $245,000 after buying an additional 11 shares in the last quarter. M Holdings Securities Inc. increased its stake in shares of Netflix by 0.5% in the first quarter. M Holdings Securities Inc. now owns 2,467 shares of the Internet television network’s stock valued at $365,000 after buying an additional 12 shares in the last quarter. Heritage Investors Management Corp increased its stake in shares of Netflix by 0.6% in the second quarter. Heritage Investors Management Corp now owns 1,995 shares of the Internet television network’s stock valued at $298,000 after buying an additional 12 shares in the last quarter. Finally, Northwest Wealth Management LLC increased its stake in shares of Netflix by 0.8% in the second quarter. Northwest Wealth Management LLC now owns 1,890 shares of the Internet television network’s stock valued at $282,000 after buying an additional 15 shares in the last quarter. Institutional investors and hedge funds own 82.78% of the company’s stock.

Netflix (NASDAQ:NFLX) traded down 1.64% during trading on Friday, hitting $178.36. 6,104,043 shares of the stock traded hands. Netflix has a one year low of $92.95 and a one year high of $191.50. The company has a 50-day moving average price of $165.67 and a 200 day moving average price of $152.34. The stock has a market cap of $77.01 billion, a PE ratio of 216.98 and a beta of 1.02.

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Netflix Company Profile

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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