Q4 2017 EPS Estimates for Netflix, Inc. (NFLX) Raised by Analyst

Netflix, Inc. (NASDAQ:NFLX) – Wedbush raised their Q4 2017 earnings estimates for Netflix in a research note issued on Tuesday. Wedbush analyst M. Pachter now anticipates that the Internet television network will post earnings per share of $0.33 for the quarter, up from their prior forecast of $0.24. Wedbush has a “Underperform” rating and a $82.00 price target on the stock. Wedbush also issued estimates for Netflix’s Q1 2018 earnings at $0.47 EPS, Q2 2018 earnings at $0.32 EPS, Q3 2018 earnings at $0.38 EPS and FY2018 earnings at $1.57 EPS.

NFLX has been the subject of several other research reports. Raymond James Financial, Inc. reiterated an “outperform” rating and set a $205.00 target price (up previously from $165.00) on shares of Netflix in a research note on Tuesday. FBR & Co reiterated a “hold” rating and set a $144.00 target price on shares of Netflix in a research note on Tuesday, April 11th. Guggenheim increased their target price on shares of Netflix from $160.00 to $173.00 and gave the stock a “buy” rating in a research note on Tuesday, April 18th. William Blair reiterated an “outperform” rating and set a $165.00 target price on shares of Netflix in a research note on Saturday, April 22nd. Finally, Vetr upgraded shares of Netflix from a “sell” rating to a “hold” rating and set a $158.60 target price for the company in a research note on Monday, May 15th. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-nine have assigned a buy rating to the stock. Netflix currently has a consensus rating of “Buy” and a consensus price target of $169.38.

ILLEGAL ACTIVITY WARNING: “Q4 2017 EPS Estimates for Netflix, Inc. (NFLX) Raised by Analyst” was first reported by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this news story on another site, it was copied illegally and republished in violation of United States & international copyright and trademark law. The correct version of this news story can be viewed at https://sportsperspectives.com/2017/07/20/q4-2017-eps-estimates-for-netflix-inc-nflx-raised-by-analyst.html.

Shares of Netflix (NASDAQ NFLX) traded up 0.30% during mid-day trading on Wednesday, reaching $184.42. The company’s stock had a trading volume of 3,035,817 shares. Netflix has a 52 week low of $85.01 and a 52 week high of $187.17. The stock has a market capitalization of $79.56 billion, a price-to-earnings ratio of 224.36 and a beta of 0.98. The company’s 50-day moving average is $157.45 and its 200-day moving average is $148.14. Netflix also saw unusually large options trading on Monday. Stock investors purchased 105,623 call options on the stock. This is an increase of approximately 271% compared to the typical daily volume of 28,474 call options.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Monday, July 17th. The Internet television network reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.01. Netflix had a return on equity of 12.82% and a net margin of 3.55%. The firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.76 billion. During the same period in the prior year, the firm posted $0.09 EPS. The business’s revenue was up 32.3% compared to the same quarter last year.

In related news, Director Richard N. Barton sold 1,000 shares of the business’s stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $156.62, for a total transaction of $156,620.00. Following the completion of the sale, the director now owns 8,012 shares of the company’s stock, valued at approximately $1,254,839.44. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Reed Hastings sold 115,577 shares of the business’s stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $152.63, for a total transaction of $17,640,517.51. Following the sale, the chief executive officer now directly owns 115,577 shares of the company’s stock, valued at approximately $17,640,517.51. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 343,728 shares of company stock valued at $53,858,193. Insiders own 4.90% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Jennison Associates LLC increased its stake in shares of Netflix by 21.4% in the first quarter. Jennison Associates LLC now owns 12,947,211 shares of the Internet television network’s stock worth $1,913,727,000 after buying an additional 2,279,835 shares in the last quarter. FMR LLC increased its stake in shares of Netflix by 6.6% in the first quarter. FMR LLC now owns 21,027,506 shares of the Internet television network’s stock worth $3,108,076,000 after buying an additional 1,305,294 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Netflix by 3.5% in the first quarter. Vanguard Group Inc. now owns 27,161,082 shares of the Internet television network’s stock worth $4,014,680,000 after buying an additional 921,283 shares in the last quarter. Tybourne Capital Management HK Ltd. increased its stake in shares of Netflix by 34.3% in the first quarter. Tybourne Capital Management HK Ltd. now owns 2,316,195 shares of the Internet television network’s stock worth $342,357,000 after buying an additional 590,966 shares in the last quarter. Finally, Morgan Stanley increased its stake in shares of Netflix by 22.9% in the first quarter. Morgan Stanley now owns 3,061,631 shares of the Internet television network’s stock worth $452,541,000 after buying an additional 571,126 shares in the last quarter. 82.77% of the stock is owned by institutional investors and hedge funds.

About Netflix

Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.

Earnings History and Estimates for Netflix (NASDAQ:NFLX)

Receive News & Ratings for Netflix Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply