$3.00 Earnings Per Share Expected for Netflix, Inc. (NASDAQ:NFLX) This Quarter

Analysts expect that Netflix, Inc. (NASDAQ:NFLXGet Rating) will announce $3.00 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Twelve analysts have provided estimates for Netflix’s earnings. The lowest EPS estimate is $2.58 and the highest is $3.45. Netflix posted earnings per share of $2.97 in the same quarter last year, which indicates a positive year-over-year growth rate of 1%. The company is scheduled to announce its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Netflix will report full-year earnings of $10.88 per share for the current financial year, with EPS estimates ranging from $10.17 to $11.92. For the next financial year, analysts expect that the firm will report earnings of $12.80 per share, with EPS estimates ranging from $10.69 to $15.75. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Netflix.

Netflix (NASDAQ:NFLXGet Rating) last released its quarterly earnings data on Tuesday, April 19th. The Internet television network reported $3.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.90 by $0.63. The firm had revenue of $7.87 billion during the quarter, compared to analysts’ expectations of $7.94 billion. Netflix had a return on equity of 32.01% and a net margin of 16.47%. Netflix’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.75 earnings per share.

NFLX has been the subject of a number of research analyst reports. Loop Capital restated a “hold” rating on shares of Netflix in a research report on Thursday, April 21st. Zacks Investment Research upgraded Netflix from a “sell” rating to a “hold” rating and set a $402.00 price target for the company in a research report on Wednesday, March 23rd. The Goldman Sachs Group dropped their price target on Netflix from $420.00 to $265.00 and set a “neutral” rating for the company in a research report on Wednesday, April 20th. Moffett Nathanson dropped their price objective on Netflix from $460.00 to $375.00 and set a “neutral” rating for the company in a research report on Friday, January 21st. Finally, Cowen dropped their price objective on Netflix from $590.00 to $325.00 and set an “outperform” rating for the company in a research report on Wednesday, April 20th. Three equities research analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $386.31.

Hedge funds have recently bought and sold shares of the business. Icapital Wealth LLC purchased a new stake in Netflix during the 1st quarter worth approximately $25,000. Sageworth Trust Co bought a new stake in shares of Netflix in the 4th quarter valued at approximately $29,000. Andrew Hill Investment Advisors Inc. bought a new stake in shares of Netflix in the 4th quarter valued at approximately $30,000. Field & Main Bank bought a new stake in shares of Netflix in the 4th quarter valued at approximately $30,000. Finally, Paragon Capital Management Ltd bought a new stake in shares of Netflix in the 4th quarter valued at approximately $31,000. Institutional investors own 80.97% of the company’s stock.

NASDAQ:NFLX traded up $0.72 during trading hours on Tuesday, hitting $200.18. The company’s stock had a trading volume of 48,841 shares, compared to its average volume of 19,934,428. The business’s 50-day moving average is $336.97 and its two-hundred day moving average is $484.95. The company has a market capitalization of $88.93 billion, a PE ratio of 18.02, a PEG ratio of 0.99 and a beta of 1.28. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.05 and a current ratio of 1.05. Netflix has a 52-week low of $185.60 and a 52-week high of $700.99.

Netflix Company Profile (Get Rating)

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and mobile games across various genres and languages. The company provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, television set-top boxes, and mobile devices.

Further Reading

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Earnings History and Estimates for Netflix (NASDAQ:NFLX)

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