$4.49 Billion in Sales Expected for Netflix, Inc. (NFLX) This Quarter

Wall Street brokerages predict that Netflix, Inc. (NASDAQ:NFLX) will report sales of $4.49 billion for the current fiscal quarter, Zacks reports. Eleven analysts have made estimates for Netflix’s earnings. The highest sales estimate is $4.51 billion and the lowest is $4.44 billion. Netflix posted sales of $3.70 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 21.4%. The business is expected to report its next earnings report after the market closes on Tuesday, April 16th.

According to Zacks, analysts expect that Netflix will report full year sales of $20.20 billion for the current fiscal year, with estimates ranging from $19.74 billion to $20.54 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $25.12 billion, with estimates ranging from $23.26 billion to $26.28 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Netflix.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, January 17th. The Internet television network reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.06. The firm had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $4.21 billion. Netflix had a net margin of 7.67% and a return on equity of 25.82%. The firm’s revenue was up 27.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.41 earnings per share.

A number of analysts have recently commented on NFLX shares. Wedbush reissued a “sell” rating and set a $150.00 target price on shares of Netflix in a research note on Monday, January 14th. JPMorgan Chase & Co. cut their target price on shares of Netflix from $425.00 to $425.00 and set an “overweight” rating for the company in a research note on Monday, January 14th. Raymond James raised shares of Netflix from an “outperform” rating to a “strong-buy” rating and boosted their target price for the stock from $435.00 to $450.00 in a research note on Friday, January 11th. Goldman Sachs Group reissued a “conviction-buy” rating and set a $400.00 target price on shares of Netflix in a research note on Friday, January 4th. Finally, Nomura reissued a “neutral” rating and set a $300.00 target price on shares of Netflix in a research note on Monday, January 7th. Six 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 assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $374.62.

In other news, CEO Reed Hastings sold 67,907 shares of the company’s stock in a transaction on Tuesday, January 22nd. The shares were sold at an average price of $328.17, for a total value of $22,285,040.19. Following the completion of the transaction, the chief executive officer now owns 67,907 shares in the company, valued at approximately $22,285,040.19. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Anne M. Sweeney sold 2,569 shares of the company’s stock in a transaction on Tuesday, January 15th. The shares were sold at an average price of $350.00, for a total transaction of $899,150.00. Following the completion of the transaction, the director now owns 539 shares of the company’s stock, valued at approximately $188,650. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 186,950 shares of company stock worth $65,620,477. 4.29% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the company. State of Tennessee Treasury Department boosted its stake in Netflix by 6.0% during the 4th quarter. State of Tennessee Treasury Department now owns 293,123 shares of the Internet television network’s stock worth $78,457,000 after purchasing an additional 16,622 shares during the period. Usca Ria LLC lifted its stake in shares of Netflix by 6.8% in the 4th quarter. Usca Ria LLC now owns 2,052 shares of the Internet television network’s stock worth $549,000 after acquiring an additional 130 shares during the period. Cabot Wealth Management Inc. acquired a new stake in shares of Netflix in the 4th quarter worth $1,578,000. Regal Investment Advisors LLC lifted its stake in shares of Netflix by 44.5% in the 4th quarter. Regal Investment Advisors LLC now owns 783 shares of the Internet television network’s stock worth $210,000 after acquiring an additional 241 shares during the period. Finally, Primecap Management Co. CA lifted its stake in shares of Netflix by 14.1% in the 3rd quarter. Primecap Management Co. CA now owns 70,450 shares of the Internet television network’s stock worth $26,357,000 after acquiring an additional 8,700 shares during the period. Institutional investors and hedge funds own 76.09% of the company’s stock.

Shares of NFLX stock traded up $2.03 on Friday, reaching $369.75. 5,251,412 shares of the company were exchanged, compared to its average volume of 6,942,942. The stock has a market capitalization of $160.21 billion, a P/E ratio of 137.97, a P/E/G ratio of 3.07 and a beta of 1.36. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 1.98. Netflix has a 1 year low of $231.23 and a 1 year high of $423.21.

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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