Zacks: Analysts Anticipate Netflix, Inc. (NASDAQ:NFLX) Will Announce Earnings of $1.05 Per Share

Analysts expect that Netflix, Inc. (NASDAQ:NFLX) will announce earnings per share of $1.05 for the current fiscal quarter, according to Zacks Investment Research. Eleven analysts have provided estimates for Netflix’s earnings, with the highest EPS estimate coming in at $1.15 and the lowest estimate coming in at $1.00. Netflix posted earnings per share of $0.89 during the same quarter last year, which would suggest a positive year over year growth rate of 18%. The firm is scheduled to report its next quarterly earnings report on Tuesday, October 15th.

On average, analysts expect that Netflix will report full year earnings of $3.25 per share for the current financial year, with EPS estimates ranging from $3.10 to $3.55. For the next fiscal year, analysts expect that the company will report earnings of $5.75 per share, with EPS estimates ranging from $4.33 to $7.15. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow Netflix.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Wednesday, July 17th. The Internet television network reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.04. Netflix had a net margin of 6.53% and a return on equity of 20.88%. The firm had revenue of $4.92 billion for the quarter, compared to the consensus estimate of $4.93 billion. During the same period in the previous year, the company earned $0.85 earnings per share. The company’s quarterly revenue was up 26.0% on a year-over-year basis.

Several research firms recently commented on NFLX. Pivotal Research decreased their price target on shares of Netflix from $515.00 to $350.00 and set a “buy” rating on the stock in a research note on Tuesday, September 24th. Wells Fargo & Co began coverage on shares of Netflix in a research note on Monday, September 23rd. They issued a “market perform” rating and a $288.00 price target on the stock. KeyCorp restated a “hold” rating on shares of Netflix in a research note on Tuesday, September 24th. Rosenblatt Securities restated a “neutral” rating and issued a $370.00 price target (up from $350.00) on shares of Netflix in a research note on Wednesday, July 10th. Finally, BidaskClub upgraded shares of Netflix from a “strong sell” rating to a “sell” rating in a research note on Thursday. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the stock. Netflix has an average rating of “Buy” and an average target price of $383.35.

Shares of NFLX stock traded up $0.12 on Friday, hitting $268.15. The company’s stock had a trading volume of 8,707,398 shares, compared to its average volume of 8,047,350. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.85 and a current ratio of 0.85. The stock’s 50 day moving average is $286.02 and its 200-day moving average is $337.52. Netflix has a fifty-two week low of $231.23 and a fifty-two week high of $385.99. The company has a market capitalization of $117.40 billion, a PE ratio of 100.06, a PEG ratio of 2.74 and a beta of 1.21.

In other news, CEO Reed Hastings sold 55,342 shares of the stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $309.54, for a total value of $17,130,562.68. Following the completion of the transaction, the chief executive officer now owns 55,342 shares of the company’s stock, valued at $17,130,562.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Bradford L. Smith bought 6,499 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was bought at an average cost of $308.49 per share, with a total value of $2,004,876.51. Following the acquisition, the director now directly owns 799 shares of the company’s stock, valued at approximately $246,483.51. The disclosure for this purchase can be found here. Insiders have sold 150,983 shares of company stock valued at $44,378,164 in the last ninety days. 4.29% of the stock is currently owned by company insiders.

Several hedge funds have recently bought and sold shares of NFLX. Nuveen Asset Management LLC bought a new position in shares of Netflix in the second quarter worth about $1,246,724,000. Invesco Ltd. lifted its holdings in shares of Netflix by 39.1% in the second quarter. Invesco Ltd. now owns 7,249,377 shares of the Internet television network’s stock worth $2,662,841,000 after acquiring an additional 2,039,046 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Netflix by 3.5% in the second quarter. Vanguard Group Inc. now owns 32,688,805 shares of the Internet television network’s stock worth $12,007,252,000 after acquiring an additional 1,118,349 shares during the last quarter. Thoroughbred Financial Services LLC lifted its holdings in shares of Netflix by 36,563.5% in the second quarter. Thoroughbred Financial Services LLC now owns 786,432 shares of the Internet television network’s stock worth $78,643,000 after acquiring an additional 784,287 shares during the last quarter. Finally, OZ Management LP bought a new position in shares of Netflix in the second quarter worth about $228,716,000. 78.96% of the stock is owned by hedge funds and other institutional investors.

About Netflix

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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