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.
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.
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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.
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