Q4 2024 EPS Estimates for Netflix, Inc. (NASDAQ:NFLX) Lifted by William Blair

Netflix, Inc. (NASDAQ:NFLX) – Stock analysts at William Blair raised their Q4 2024 earnings per share estimates for Netflix in a report released on Friday, April 19th. William Blair analyst R. Schackart now forecasts that the Internet television network will earn $3.82 per share for the quarter, up from their previous estimate of $3.69. The consensus estimate for Netflix’s current full-year earnings is $17.13 per share. William Blair also issued estimates for Netflix’s Q2 2025 earnings at $5.64 EPS and Q3 2025 earnings at $5.19 EPS.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.51 by $0.77. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The business had revenue of $9.37 billion during the quarter, compared to analyst estimates of $9.28 billion. During the same period in the prior year, the company posted $2.88 EPS. The business’s revenue for the quarter was up 14.8% compared to the same quarter last year.

Other equities research analysts also recently issued reports about the company. Sanford C. Bernstein upped their target price on Netflix from $490.00 to $600.00 and gave the stock a “market perform” rating in a research report on Friday. Redburn Atlantic increased their price objective on Netflix from $550.00 to $610.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. KeyCorp increased their target price on Netflix from $580.00 to $705.00 and gave the company an “overweight” rating in a report on Wednesday, March 20th. Pivotal Research increased their target price on Netflix from $765.00 to $800.00 and gave the company a “buy” rating in a report on Friday. Finally, JPMorgan Chase & Co. increased their target price on Netflix from $610.00 to $650.00 and gave the company an “overweight” rating in a report on Monday, April 8th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $630.58.

Netflix Stock Performance

Shares of NFLX stock opened at $554.60 on Monday. The firm has a market capitalization of $238.98 billion, a price-to-earnings ratio of 38.49, a price-to-earnings-growth ratio of 1.49 and a beta of 1.22. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 1.12. Netflix has a 12-month low of $315.62 and a 12-month high of $639.00. The business has a 50 day simple moving average of $605.58 and a 200 day simple moving average of $516.27.

Institutional Investors Weigh In On Netflix

Several hedge funds have recently made changes to their positions in the stock. Authentikos Wealth Advisory LLC bought a new position in Netflix during the third quarter worth about $25,000. Spartan Planning & Wealth Management bought a new position in Netflix during the third quarter worth about $26,000. Carmel Capital Partners LLC lifted its stake in Netflix by 290.0% during the third quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock worth $30,000 after purchasing an additional 58 shares during the period. VitalStone Financial LLC lifted its stake in Netflix by 933.3% during the fourth quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock worth $30,000 after purchasing an additional 56 shares during the period. Finally, Beaird Harris Wealth Management LLC increased its holdings in shares of Netflix by 1,550.0% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock worth $32,000 after buying an additional 62 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In other Netflix news, CEO Theodore A. Sarandos sold 68,957 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $561.33, for a total transaction of $38,707,632.81. Following the completion of the sale, the chief executive officer now directly owns 1,278 shares in the company, valued at $717,379.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Theodore A. Sarandos sold 68,957 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $561.33, for a total value of $38,707,632.81. Following the completion of the sale, the chief executive officer now owns 1,278 shares in the company, valued at $717,379.74. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Reed Hastings sold 20,566 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $610.42, for a total transaction of $12,553,897.72. Following the completion of the sale, the chairman now owns 28 shares of the company’s stock, valued at approximately $17,091.76. The disclosure for this sale can be found here. Insiders sold 268,335 shares of company stock worth $151,619,811 over the last ninety days. Company insiders own 2.45% of the company’s stock.

About Netflix

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.