$0.69 Earnings Per Share Expected for Netflix (NFLX) This Quarter

Wall Street brokerages expect Netflix (NASDAQ:NFLX) to post earnings of $0.69 per share for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for Netflix’s earnings, with the highest EPS estimate coming in at $0.83 and the lowest estimate coming in at $0.52. Netflix posted earnings per share of $0.15 in the same quarter last year, which would suggest a positive year-over-year growth rate of 360%. The company is expected to report its next earnings results on Monday, July 16th.

On average, analysts expect that Netflix will report full-year earnings of $2.81 per share for the current fiscal year, with EPS estimates ranging from $2.40 to $3.19. For the next year, analysts forecast that the business will post earnings of $4.36 per share, with EPS estimates ranging from $3.60 to $5.18. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow Netflix.

How to Become a New Pot Stock Millionaire

Netflix (NASDAQ:NFLX) last released its earnings results on Monday, April 16th. The Internet television network reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.01. Netflix had a return on equity of 20.08% and a net margin of 5.26%. The company had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.69 billion. During the same quarter last year, the company earned $0.40 earnings per share. Netflix’s quarterly revenue was up 40.3% compared to the same quarter last year.

A number of analysts recently commented on NFLX shares. Piper Jaffray lifted their price objective on Netflix from $360.00 to $367.00 in a research report on Tuesday. Loop Capital boosted their target price on Netflix from $325.00 to $330.00 in a report on Tuesday. Vetr cut Netflix from a “strong-buy” rating to a “buy” rating and set a $208.27 target price for the company. in a report on Tuesday, December 26th. Zacks Investment Research raised Netflix from a “hold” rating to a “buy” rating and set a $213.00 price target on the stock in a research report on Tuesday, December 19th. Finally, UBS set a $250.00 price target on Netflix and gave the stock a “buy” rating in a research report on Thursday, January 11th. Four analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Netflix currently has a consensus rating of “Buy” and an average target price of $293.44.

Shares of NASDAQ:NFLX traded down $1.54 during midday trading on Wednesday, hitting $334.52. 11,173,334 shares of the stock were exchanged, compared to its average volume of 11,764,920. The company has a market capitalization of $133,560.64, a PE ratio of 267.62, a price-to-earnings-growth ratio of 4.21 and a beta of 0.99. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.81. Netflix has a twelve month low of $138.66 and a twelve month high of $338.82.

In other Netflix news, CEO Reed Hastings sold 75,271 shares of the business’s stock in a transaction on Tuesday, March 20th. The shares were sold at an average price of $316.98, for a total value of $23,859,401.58. Following the completion of the sale, the chief executive officer now directly owns 75,271 shares of the company’s stock, valued at $23,859,401.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard N. Barton sold 700 shares of the business’s stock in a transaction on Thursday, April 5th. The stock was sold at an average price of $283.39, for a total transaction of $198,373.00. Following the completion of the sale, the director now directly owns 7,393 shares of the company’s stock, valued at $2,095,102.27. The disclosure for this sale can be found here. Insiders have sold a total of 442,200 shares of company stock valued at $119,779,880 over the last 90 days. Company insiders own 4.90% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the business. James Hambro & Partners purchased a new position in shares of Netflix during the fourth quarter valued at about $106,000. Wagner Wealth Management LLC purchased a new stake in Netflix in the fourth quarter worth about $125,000. Duncker Streett & Co. Inc. lifted its stake in shares of Netflix by 47.1% in the fourth quarter. Duncker Streett & Co. Inc. now owns 625 shares of the Internet television network’s stock worth $120,000 after buying an additional 200 shares in the last quarter. Crewe Advisors LLC bought a new position in shares of Netflix in the fourth quarter worth approximately $149,000. Finally, Goodman Financial Corp bought a new position in shares of Netflix in the fourth quarter worth approximately $163,000. Hedge funds and other institutional investors own 81.65% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “$0.69 Earnings Per Share Expected for Netflix (NFLX) This Quarter” was first published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this piece of content on another domain, it was illegally copied and reposted in violation of U.S. and international copyright & trademark legislation. The correct version of this piece of content can be viewed at https://www.dispatchtribunal.com/2018/04/19/0-69-earnings-per-share-expected-for-netflix-nflx-this-quarter.html.

Netflix Company Profile

Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.

Get a free copy of the Zacks research report on Netflix (NFLX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Netflix (NASDAQ:NFLX)

Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply