Analysts Anticipate Netflix, Inc. (NFLX) Will Announce Quarterly Sales of $4.49 Billion

Equities research analysts expect Netflix, Inc. (NASDAQ:NFLX) to announce $4.49 billion in sales for the current fiscal quarter, Zacks reports. Eleven analysts have provided estimates for Netflix’s earnings, with the lowest sales estimate coming in at $4.44 billion and the highest estimate coming in at $4.50 billion. Netflix posted sales of $3.70 billion in the same quarter last year, which suggests a positive year over year growth rate of 21.4%. The company is scheduled to issue its next quarterly earnings report on Monday, April 15th.

According to Zacks, analysts expect that Netflix will report full-year sales of $20.17 billion for the current fiscal year, with estimates ranging from $19.74 billion to $20.54 billion. For the next financial year, analysts anticipate that the business will report sales of $25.08 billion, with estimates ranging from $23.26 billion to $26.28 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that cover Netflix.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, January 17th. The Internet television network reported $0.30 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.06. The company had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $4.21 billion. Netflix had a return on equity of 25.82% and a net margin of 7.67%. Netflix’s revenue was up 27.4% on a year-over-year basis. During the same period last year, the business posted $0.41 earnings per share.

A number of analysts recently commented on NFLX shares. Macquarie set a $410.00 price target on Netflix and gave the company a “buy” rating in a research report on Monday, October 29th. Barclays decreased their price target on Netflix from $430.00 to $375.00 and set an “overweight” rating for the company in a research report on Monday, January 7th. Morgan Stanley reissued an “overweight” rating and set a $430.00 price objective (down from $475.00) on shares of Netflix in a report on Friday, January 11th. SunTrust Banks reissued a “buy” rating and set a $355.00 price objective (down from $410.00) on shares of Netflix in a report on Wednesday, January 2nd. Finally, Sanford C. Bernstein reissued a “buy” rating and set a $421.00 price objective on shares of Netflix in a report on Wednesday, January 16th. Six research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $376.33.

In related news, Director Anne M. Sweeney sold 342 shares of the stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $360.00, for a total value of $123,120.00. Following the sale, the director now owns 342 shares in the company, valued at $123,120. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Reed Hastings sold 54,418 shares of the stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $362.00, for a total value of $19,699,316.00. The disclosure for this sale can be found here. Insiders sold 195,990 shares of company stock valued at $60,971,151 over the last ninety days. Corporate insiders own 4.29% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Gemmer Asset Management LLC raised its position in Netflix by 12.4% during the fourth quarter. Gemmer Asset Management LLC now owns 271 shares of the Internet television network’s stock valued at $73,000 after purchasing an additional 30 shares in the last quarter. Argent Trust Co raised its position in Netflix by 4.2% during the fourth quarter. Argent Trust Co now owns 748 shares of the Internet television network’s stock valued at $200,000 after purchasing an additional 30 shares in the last quarter. Johnson Financial Group Inc. raised its position in Netflix by 3.9% during the fourth quarter. Johnson Financial Group Inc. now owns 800 shares of the Internet television network’s stock valued at $214,000 after purchasing an additional 30 shares in the last quarter. Versant Capital Management Inc raised its position in Netflix by 59.3% during the fourth quarter. Versant Capital Management Inc now owns 94 shares of the Internet television network’s stock valued at $25,000 after purchasing an additional 35 shares in the last quarter. Finally, Reilly Financial Advisors LLC raised its position in Netflix by 5.2% during the fourth quarter. Reilly Financial Advisors LLC now owns 708 shares of the Internet television network’s stock valued at $190,000 after purchasing an additional 35 shares in the last quarter. Institutional investors own 73.82% of the company’s stock.

Shares of NFLX traded down $2.94 on Thursday, reaching $356.97. 6,220,094 shares of the company’s stock traded hands, compared to its average volume of 12,097,277. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 1.98. The company has a market capitalization of $158.01 billion, a price-to-earnings ratio of 133.20, a PEG ratio of 2.98 and a beta of 1.38. Netflix has a 52-week low of $231.23 and a 52-week high of $423.21.

Netflix Company Profile

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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Earnings History and Estimates for Netflix (NASDAQ:NFLX)

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