Brokerages Expect Netflix, Inc. (NASDAQ:NFLX) Will Post Earnings of $1.60 Per Share

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Analysts forecast that Netflix, Inc. (NASDAQ:NFLX) will announce earnings per share (EPS) of $1.60 for the current quarter, according to Zacks Investment Research. Ten analysts have made estimates for Netflix’s earnings, with the highest EPS estimate coming in at $1.70 and the lowest estimate coming in at $1.20. Netflix posted earnings of $0.60 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 166.7%. The business is expected to report its next quarterly earnings results after the market closes on Thursday, July 16th.

On average, analysts expect that Netflix will report full-year earnings of $6.43 per share for the current year, with EPS estimates ranging from $6.17 to $7.08. For the next financial year, analysts expect that the business will report earnings of $8.66 per share, with EPS estimates ranging from $7.72 to $9.41. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Netflix.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, April 21st. The Internet television network reported $1.57 EPS for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.07). The company had revenue of $5.77 billion for the quarter, compared to analyst estimates of $5.75 billion. Netflix had a net margin of 10.43% and a return on equity of 30.83%. The firm’s revenue was up 27.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.76 EPS.

Several equities analysts recently weighed in on the company. Needham & Company LLC reiterated a “sell” rating on shares of Netflix in a research report on Tuesday, March 10th. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 price target (up previously from $420.00) on shares of Netflix in a report on Wednesday, April 22nd. BMO Capital Markets reissued a “buy” rating and set a $500.00 price objective on shares of Netflix in a research note on Monday, April 27th. Nomura increased their target price on Netflix from $330.00 to $390.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 22nd. Finally, ValuEngine downgraded Netflix from a “buy” rating to a “hold” rating in a research report on Friday, April 24th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty-seven have given a buy rating to the company. Netflix presently has a consensus rating of “Buy” and an average price target of $436.84.

In other news, insider Gregory K. Peters sold 5,047 shares of the stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $425.00, for a total transaction of $2,144,975.00. Following the completion of the sale, the insider now owns 18,137 shares in the company, valued at approximately $7,708,225. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Anne M. Sweeney sold 1,500 shares of Netflix stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $436.88, for a total value of $655,320.00. Following the completion of the transaction, the director now owns 490 shares in the company, valued at $214,071.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 182,024 shares of company stock worth $81,700,274. 3.40% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the company. Athena Capital Advisors LLC bought a new stake in Netflix in the fourth quarter worth $226,000. Chicago Equity Partners LLC grew its stake in Netflix by 127.1% in the 4th quarter. Chicago Equity Partners LLC now owns 3,440 shares of the Internet television network’s stock valued at $1,113,000 after buying an additional 1,925 shares during the last quarter. AlphaStar Capital Management LLC raised its holdings in Netflix by 4.0% in the 4th quarter. AlphaStar Capital Management LLC now owns 1,015 shares of the Internet television network’s stock worth $328,000 after acquiring an additional 39 shares during the period. Assetmark Inc. boosted its holdings in Netflix by 12.4% during the fourth quarter. Assetmark Inc. now owns 772 shares of the Internet television network’s stock valued at $250,000 after acquiring an additional 85 shares during the period. Finally, Mutual Advisors LLC grew its position in shares of Netflix by 65.9% in the fourth quarter. Mutual Advisors LLC now owns 2,243 shares of the Internet television network’s stock valued at $726,000 after purchasing an additional 891 shares during the last quarter. 82.35% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ NFLX opened at $455.04 on Friday. The firm’s 50 day moving average price is $435.99 and its 200 day moving average price is $381.02. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market cap of $200.13 billion, a P/E ratio of 92.11, a price-to-earnings-growth ratio of 2.32 and a beta of 0.94. Netflix has a 1 year low of $252.28 and a 1 year high of $474.01.

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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