Netflix, Inc. (NFLX) Expected to Announce Earnings of $0.59 Per Share

Brokerages predict that Netflix, Inc. (NASDAQ:NFLX) will report earnings of $0.59 per share for the current quarter, according to Zacks Investment Research. Eleven analysts have made estimates for Netflix’s earnings. The highest EPS estimate is $0.84 and the lowest is $0.54. Netflix reported earnings of $0.85 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 30.6%. The business is scheduled to issue its next earnings report on Monday, July 15th.

According to Zacks, analysts expect that Netflix will report full-year earnings of $3.39 per share for the current fiscal year, with EPS estimates ranging from $2.95 to $3.92. For the next year, analysts expect that the firm will post earnings of $6.00 per share, with EPS estimates ranging from $3.88 to $7.77. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow Netflix.

Netflix (NASDAQ:NFLX) last issued its earnings results on Tuesday, April 16th. The Internet television network reported $0.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.19. Netflix had a return on equity of 24.75% and a net margin of 7.61%. The firm had revenue of $4.52 billion for the quarter, compared to analysts’ expectations of $4.50 billion. During the same quarter last year, the business earned $0.64 earnings per share. The company’s revenue was up 22.2% compared to the same quarter last year.

NFLX has been the topic of several recent analyst reports. SunTrust Banks reiterated a “buy” rating and set a $402.00 price objective on shares of Netflix in a report on Wednesday, March 27th. UBS Group initiated coverage on Netflix in a report on Tuesday, April 2nd. They set a “neutral” rating and a $350.00 price objective on the stock. Buckingham Research cut their price objective on Netflix from $382.00 to $358.00 and set a “neutral” rating on the stock in a report on Wednesday, April 17th. BidaskClub upgraded Netflix from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, Rosenblatt Securities reissued a “hold” rating on shares of Netflix in a research report on Wednesday, April 17th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $385.15.

Shares of NFLX opened at $381.89 on Friday. The company has a current ratio of 0.61, a quick ratio of 1.49 and a debt-to-equity ratio of 1.81. Netflix has a 1 year low of $231.23 and a 1 year high of $423.21. The stock has a market cap of $157.33 billion, a price-to-earnings ratio of 142.50, a P/E/G ratio of 3.44 and a beta of 1.36.

In related news, Director Anne M. Sweeney sold 342 shares of the business’s stock in a transaction that occurred on Thursday, February 14th. The stock was sold at an average price of $360.00, for a total transaction of $123,120.00. Following the transaction, the director now directly owns 342 shares of the company’s stock, valued at approximately $123,120. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Reed Hastings sold 52,458 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $367.25, for a total value of $19,265,200.50. Following the transaction, the chief executive officer now directly owns 52,458 shares in the company, valued at $19,265,200.50. The disclosure for this sale can be found here. Insiders have sold a total of 116,474 shares of company stock worth $42,436,287 in the last ninety days. Insiders own 4.29% of the company’s stock.

Several hedge funds have recently bought and sold shares of the stock. Mercer Global Advisors Inc. ADV acquired a new position in shares of Netflix during the 1st quarter worth approximately $4,694,000. Lindbrook Capital LLC increased its holdings in shares of Netflix by 5.5% during the 1st quarter. Lindbrook Capital LLC now owns 1,225 shares of the Internet television network’s stock worth $436,000 after acquiring an additional 64 shares during the last quarter. Advisor Partners LLC increased its holdings in shares of Netflix by 6.0% during the 1st quarter. Advisor Partners LLC now owns 12,880 shares of the Internet television network’s stock worth $4,592,000 after acquiring an additional 728 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of Netflix by 112.8% during the 1st quarter. Versant Capital Management Inc now owns 200 shares of the Internet television network’s stock worth $71,000 after acquiring an additional 106 shares during the last quarter. Finally, Kwmg LLC increased its holdings in shares of Netflix by 71.0% during the 1st quarter. Kwmg LLC now owns 277 shares of the Internet television network’s stock worth $99,000 after acquiring an additional 115 shares during the last quarter. 76.10% of the stock is currently owned by institutional investors and hedge funds.

Netflix Company Profile

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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