Analysts forecast that Netflix, Inc. (NASDAQ:NFLX) will post earnings of $0.41 per share for the current fiscal quarter, according to Zacks. Twelve analysts have made estimates for Netflix’s earnings, with the highest EPS estimate coming in at $0.43 and the lowest estimate coming in at $0.39. Netflix posted earnings per share of $0.15 during the same quarter last year, which indicates a positive year-over-year growth rate of 173.3%. The firm is expected to announce its next quarterly earnings report after the market closes on Monday, January 22nd.

According to Zacks, analysts expect that Netflix will report full-year earnings of $1.25 per share for the current year, with EPS estimates ranging from $1.22 to $1.28. For the next fiscal year, analysts anticipate that the business will report earnings of $2.30 per share, with EPS estimates ranging from $1.80 to $3.01. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Netflix.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.03). The firm had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.97 billion. Netflix had a return on equity of 14.56% and a net margin of 4.04%. The firm’s quarterly revenue was up 30.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.12 EPS.

NFLX has been the subject of a number of recent analyst reports. Bank of America raised their price target on shares of Netflix from $199.00 to $225.00 in a report on Tuesday, October 17th. Buckingham Research initiated coverage on shares of Netflix in a report on Thursday, September 21st. They set a “buy” rating and a $214.00 price target for the company. UBS Group restated a “buy” rating and set a $225.00 price target (up previously from $190.00) on shares of Netflix in a report on Wednesday, October 4th. KeyCorp restated a “buy” rating and set a $206.00 price target on shares of Netflix in a report on Thursday, October 5th. Finally, Cantor Fitzgerald restated a “buy” rating and set a $205.00 price target on shares of Netflix in a report on Thursday, October 5th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and thirty-six have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $212.19.

Shares of Netflix (NFLX) traded up $0.13 during midday trading on Tuesday, hitting $220.46. 10,529,790 shares of the stock were exchanged, compared to its average volume of 8,271,377. The firm has a market cap of $95,400.00, a P/E ratio of 222.69, a P/E/G ratio of 3.54 and a beta of 1.34. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.20 and a quick ratio of 1.20. Netflix has a fifty-two week low of $137.03 and a fifty-two week high of $226.07.

In other Netflix news, CEO Reed Hastings sold 83,335 shares of the firm’s stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $192.79, for a total value of $16,066,154.65. Following the completion of the transaction, the chief executive officer now owns 83,335 shares of the company’s stock, valued at approximately $16,066,154.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard N. Barton sold 350 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $185.71, for a total transaction of $64,998.50. Following the completion of the transaction, the director now directly owns 7,171 shares of the company’s stock, valued at approximately $1,331,726.41. The disclosure for this sale can be found here. Insiders sold a total of 341,551 shares of company stock valued at $66,457,350 in the last three months. 4.90% of the stock is currently owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in NFLX. Balentine LLC lifted its position in shares of Netflix by 1,020.4% during the 3rd quarter. Balentine LLC now owns 549 shares of the Internet television network’s stock worth $100,000 after purchasing an additional 500 shares during the last quarter. Aviance Capital Management LLC purchased a new stake in shares of Netflix during the 2nd quarter worth $137,000. Harfst & Associates Inc. lifted its position in shares of Netflix by 36.8% during the 2nd quarter. Harfst & Associates Inc. now owns 1,015 shares of the Internet television network’s stock worth $151,000 after purchasing an additional 273 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in shares of Netflix during the 3rd quarter worth $171,000. Finally, Grove Bank & Trust lifted its position in shares of Netflix by 249.6% during the 3rd quarter. Grove Bank & Trust now owns 958 shares of the Internet television network’s stock worth $174,000 after purchasing an additional 684 shares during the last quarter. 83.27% of the stock is owned by institutional investors and hedge funds.

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Netflix Company Profile

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.

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Earnings History and Estimates for Netflix (NASDAQ:NFLX)

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