Q1 2020 Earnings Estimate for Netflix, Inc. (NASDAQ:NFLX) Issued By Imperial Capital

Netflix, Inc. (NASDAQ:NFLX) – Research analysts at Imperial Capital lowered their Q1 2020 earnings estimates for shares of Netflix in a report released on Thursday, October 17th. Imperial Capital analyst D. Miller now anticipates that the Internet television network will post earnings of $1.30 per share for the quarter, down from their prior estimate of $1.31. Imperial Capital has a “Buy” rating and a $451.00 price objective on the stock. Imperial Capital also issued estimates for Netflix’s Q2 2020 earnings at $1.55 EPS and Q4 2020 earnings at $1.26 EPS.

Netflix (NASDAQ:NFLX) last posted its earnings results on Wednesday, October 16th. The Internet television network reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.42. The firm 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 was up 31.2% on a year-over-year basis. During the same quarter last year, the company earned $0.89 earnings per share.

Several other equities analysts also recently weighed in on the stock. Credit Suisse Group reiterated a “buy” rating and issued a $440.00 target price on shares of Netflix in a research note on Thursday, October 17th. Nomura lifted their target price on shares of Netflix from $310.00 to $330.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Cowen reduced their target price on shares of Netflix from $435.00 to $415.00 and set an “outperform” rating for the company in a research note on Thursday, October 17th. Morgan Stanley reduced their target price on shares of Netflix from $450.00 to $400.00 and set an “overweight” rating for the company in a research note on Monday, October 14th. Finally, Raymond James reduced their target price on shares of Netflix from $450.00 to $415.00 and set a “strong-buy” rating for the company in a research note on Monday, October 14th. Six investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company. Netflix currently has an average rating of “Hold” and a consensus target price of $363.11.

NFLX opened at $266.69 on Monday. The company has a market capitalization of $116.77 billion, a price-to-earnings ratio of 99.51, a PEG ratio of 2.77 and a beta of 1.20. The company has a quick ratio of 0.85, a current ratio of 0.73 and a debt-to-equity ratio of 1.81. The firm has a 50-day moving average price of $278.94 and a 200-day moving average price of $329.48. Netflix has a twelve month low of $231.23 and a twelve month high of $385.99.

In related news, Director Bradford L. Smith bought 6,499 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was acquired at an average cost of $308.49 per share, for a total transaction of $2,004,876.51. Following the completion of the transaction, the director now directly owns 799 shares in the company, valued at approximately $246,483.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Reed Hastings sold 52,269 shares of Netflix stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $300.10, for a total transaction of $15,685,926.90. Following the sale, the chief executive officer now owns 52,269 shares of the company’s stock, valued at $15,685,926.90. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 135,702 shares of company stock valued at $38,290,015. 3.72% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the business. Nelson Roberts Investment Advisors LLC lifted its position in Netflix by 600.0% during the second quarter. Nelson Roberts Investment Advisors LLC now owns 84 shares of the Internet television network’s stock valued at $31,000 after purchasing an additional 72 shares during the last quarter. Intercontinental Wealth Advisors LLC lifted its holdings in shares of Netflix by 100.0% in the 3rd quarter. Intercontinental Wealth Advisors LLC now owns 96 shares of the Internet television network’s stock worth $26,000 after acquiring an additional 48 shares during the last quarter. SRS Capital Advisors Inc. bought a new stake in shares of Netflix in the 2nd quarter worth approximately $39,000. SevenBridge Financial Group LLC lifted its holdings in shares of Netflix by 66.7% in the 2nd quarter. SevenBridge Financial Group LLC now owns 125 shares of the Internet television network’s stock worth $46,000 after acquiring an additional 50 shares during the last quarter. Finally, CX Institutional bought a new stake in shares of Netflix in the 3rd quarter worth approximately $35,000. Institutional investors and hedge funds own 78.93% of the company’s stock.

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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