Zacks: Analysts Anticipate Netflix, Inc. (NFLX) to Post $0.80 EPS

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Wall Street analysts predict that Netflix, Inc. (NASDAQ:NFLX) will report $0.80 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Fourteen analysts have provided estimates for Netflix’s earnings, with estimates ranging from $0.79 to $0.83. Netflix reported earnings per share of $0.15 in the same quarter last year, which would indicate a positive year-over-year growth rate of 433.3%. The company is expected to report its next quarterly earnings results on Monday, July 16th.

According to Zacks, analysts expect that Netflix will report full year earnings of $2.88 per share for the current fiscal year, with EPS estimates ranging from $2.68 to $3.19. For the next financial year, analysts anticipate that the firm will post earnings of $4.69 per share, with EPS estimates ranging from $4.10 to $5.49. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Netflix.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Monday, April 16th. The Internet television network reported $0.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.01. Netflix had a return on equity of 19.11% and a net margin of 5.26%. The business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.69 billion. During the same quarter in the prior year, the firm posted $0.40 EPS. The business’s quarterly revenue was up 40.3% compared to the same quarter last year.

Several research firms have commented on NFLX. Royal Bank of Canada restated a “buy” rating and issued a $360.00 price objective on shares of Netflix in a research report on Friday, June 1st. MKM Partners increased their target price on Netflix from $320.00 to $390.00 and gave the company a “buy” rating in a research report on Tuesday, May 29th. Zacks Investment Research lowered Netflix from a “buy” rating to a “hold” rating in a research report on Thursday, April 19th. Vetr lowered Netflix from a “hold” rating to a “sell” rating and set a $303.70 target price on the stock. in a research report on Wednesday, April 18th. Finally, Bank of America increased their target price on Netflix from $300.00 to $347.00 and gave the company a “buy” rating in a research report on Tuesday, April 17th. Four research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $297.58.

In related news, Director Richard N. Barton sold 700 shares of the firm’s stock in a transaction dated Tuesday, March 20th. The stock was sold at an average price of $314.38, for a total transaction of $220,066.00. Following the completion of the transaction, the director now directly owns 7,393 shares in the company, valued at approximately $2,324,211.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Leslie J. Kilgore sold 560 shares of the firm’s stock in a transaction dated Tuesday, May 22nd. The shares were sold at an average price of $334.05, for a total value of $187,068.00. Following the transaction, the director now owns 35,756 shares of the company’s stock, valued at $11,944,291.80. The disclosure for this sale can be found here. Insiders have sold a total of 268,018 shares of company stock valued at $87,092,885 over the last three months. Corporate insiders own 4.29% of the company’s stock.

A number of institutional investors have recently made changes to their positions in NFLX. BlackRock Inc. boosted its holdings in Netflix by 4.2% during the 1st quarter. BlackRock Inc. now owns 26,816,614 shares of the Internet television network’s stock valued at $7,920,289,000 after acquiring an additional 1,069,420 shares during the period. Summit Trail Advisors LLC boosted its holdings in Netflix by 49,540.2% during the 1st quarter. Summit Trail Advisors LLC now owns 907,422 shares of the Internet television network’s stock valued at $907,000 after acquiring an additional 905,594 shares during the period. Baillie Gifford & Co. boosted its holdings in Netflix by 12.0% during the 1st quarter. Baillie Gifford & Co. now owns 7,794,760 shares of the Internet television network’s stock valued at $2,302,183,000 after acquiring an additional 837,285 shares during the period. Carmignac Gestion purchased a new position in Netflix during the 1st quarter valued at about $203,367,000. Finally, Tybourne Capital Management HK Ltd. boosted its holdings in Netflix by 43.4% during the 4th quarter. Tybourne Capital Management HK Ltd. now owns 1,673,200 shares of the Internet television network’s stock valued at $321,187,000 after acquiring an additional 506,700 shares during the period. Institutional investors own 77.28% of the company’s stock.

Netflix traded down $6.05, hitting $361.40, during mid-day trading on Friday, MarketBeat reports. The company had a trading volume of 8,257,270 shares, compared to its average volume of 10,363,738. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.63. Netflix has a 12-month low of $144.25 and a 12-month high of $369.83. The firm has a market cap of $159.01 billion, a PE ratio of 289.12, a P/E/G ratio of 4.76 and a beta of 1.00.

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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Earnings History and Estimates for Netflix (NASDAQ:NFLX)

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