Wall Street analysts expect Netflix, Inc. (NASDAQ:NFLX) to report $3.69 billion in sales for the current quarter, according to Zacks Investment Research. Twelve analysts have issued estimates for Netflix’s earnings. The lowest sales estimate is $3.62 billion and the highest is $3.72 billion. Netflix posted sales of $2.64 billion in the same quarter last year, which would indicate a positive year over year growth rate of 39.8%. The firm is expected to report its next earnings results on Monday, April 16th.
According to Zacks, analysts expect that Netflix will report full year sales of $3.69 billion for the current year, with estimates ranging from $15.54 billion to $16.07 billion. For the next year, analysts forecast that the firm will report sales of $19.57 billion per share, with estimates ranging from $18.58 billion to $20.53 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover Netflix.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Monday, January 22nd. The Internet television network reported $0.41 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.41. The business had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.28 billion. Netflix had a return on equity of 17.20% and a net margin of 4.78%. The business’s revenue was up 32.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.15 earnings per share.
Several equities analysts have recently issued reports on the company. B. Riley reiterated a “neutral” rating on shares of Netflix in a research report on Wednesday, November 1st. Piper Jaffray Companies reiterated an “overweight” rating and set a $319.00 price objective (up from $281.00) on shares of Netflix in a research report on Wednesday. Vetr downgraded Netflix from a “hold” rating to a “sell” rating and set a $266.74 price objective for the company. in a research report on Thursday. SunTrust Banks set a $270.00 price objective on Netflix and gave the stock a “hold” rating in a research report on Wednesday, February 14th. Finally, Barclays set a $285.00 price objective on Netflix and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. Four equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, thirty-four have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $240.17.
Shares of Netflix (NASDAQ NFLX) traded up $7.79 during midday trading on Wednesday, hitting $285.93. The stock had a trading volume of 7,300,000 shares, compared to its average volume of 11,470,000. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.40 and a current ratio of 1.40. The firm has a market capitalization of $127,550.00, a P/E ratio of 199.95, a PEG ratio of 3.82 and a beta of 1.04. Netflix has a fifty-two week low of $138.26 and a fifty-two week high of $286.81.
In other news, Director Richard N. Barton sold 700 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $279.75, for a total transaction of $195,825.00. Following the transaction, the director now directly owns 7,393 shares in the company, valued at approximately $2,068,191.75. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO David B. Wells sold 1,000 shares of the business’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $195.69, for a total transaction of $195,690.00. Following the transaction, the chief financial officer now owns 662 shares in the company, valued at $129,546.78. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 458,247 shares of company stock worth $111,056,137. 4.90% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC grew its holdings in shares of Netflix by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 4,400,513 shares of the Internet television network’s stock valued at $842,878,000 after acquiring an additional 143,321 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Netflix by 4.4% in the fourth quarter. Bank of New York Mellon Corp now owns 3,798,067 shares of the Internet television network’s stock worth $729,077,000 after purchasing an additional 159,750 shares in the last quarter. First Trust Advisors LP boosted its holdings in Netflix by 9.7% in the fourth quarter. First Trust Advisors LP now owns 1,979,971 shares of the Internet television network’s stock worth $380,075,000 after purchasing an additional 174,630 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in Netflix by 22.5% in the fourth quarter. Wells Fargo & Company MN now owns 1,934,754 shares of the Internet television network’s stock worth $371,396,000 after purchasing an additional 354,801 shares in the last quarter. Finally, Legal & General Group Plc boosted its holdings in Netflix by 3.3% in the third quarter. Legal & General Group Plc now owns 1,855,088 shares of the Internet television network’s stock worth $336,420,000 after purchasing an additional 58,691 shares in the last quarter. Institutional investors and hedge funds own 82.23% of the company’s stock.
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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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