Wall Street analysts expect that Netflix, Inc. (NASDAQ:NFLX) will post $0.24 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Thirteen analysts have provided estimates for Netflix’s earnings. The lowest EPS estimate is $0.22 and the highest is $0.30. Netflix posted earnings per share of $0.41 in the same quarter last year, which would indicate a negative year over year growth rate of 41.5%. The business is expected to issue its next earnings report on Monday, January 28th.

On average, analysts expect that Netflix will report full year earnings of $2.61 per share for the current fiscal year, with EPS estimates ranging from $2.33 to $2.69. For the next fiscal year, analysts forecast that the company will report earnings of $4.13 per share, with EPS estimates ranging from $3.69 to $4.46. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Netflix.

Netflix (NASDAQ:NFLX) last posted its earnings results on Tuesday, October 16th. The Internet television network reported $0.89 EPS for the quarter, topping the consensus estimate of $0.68 by $0.21. Netflix had a net margin of 8.48% and a return on equity of 29.52%. The firm had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.99 billion. During the same quarter in the prior year, the firm earned $0.29 EPS. Netflix’s quarterly revenue was up 34.0% on a year-over-year basis.

Several research analysts have commented on the stock. Buckingham Research upgraded shares of Netflix from an “underperform” rating to a “buy” rating and upped their target price for the stock from $349.00 to $406.00 in a research report on Monday, November 5th. ValuEngine upgraded shares of Netflix from a “hold” rating to a “buy” rating in a report on Friday, November 2nd. BidaskClub cut shares of Netflix from a “hold” rating to a “sell” rating in a report on Wednesday, October 31st. Morningstar set a $120.00 price objective on shares of Netflix and gave the company a “sell” rating in a report on Monday, October 29th. Finally, Nomura set a $370.00 price objective on shares of Netflix and gave the company a “neutral” rating in a report on Monday, October 29th. Five investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty-one have issued a buy rating to the stock. Netflix presently has an average rating of “Buy” and a consensus price target of $378.74.

NASDAQ NFLX opened at $294.40 on Friday. Netflix has a 52 week low of $178.38 and a 52 week high of $423.21. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 1.66. The stock has a market capitalization of $132.34 billion, a price-to-earnings ratio of 235.52, a PEG ratio of 3.84 and a beta of 1.18.

In related news, CFO David B. Wells sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $314.64, for a total transaction of $314,640.00. Following the completion of the sale, the chief financial officer now directly owns 1,000 shares in the company, valued at $314,640. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Kelly Bennett sold 14,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 31st. The stock was sold at an average price of $300.00, for a total transaction of $4,200,000.00. Following the sale, the insider now owns 1,057 shares of the company’s stock, valued at $317,100. The disclosure for this sale can be found here. Insiders have sold 335,142 shares of company stock valued at $113,622,164 over the last 90 days. 4.29% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of NFLX. Ally Financial Inc. purchased a new stake in shares of Netflix in the 3rd quarter valued at approximately $1,122,000. Mark Asset Management Corp lifted its position in shares of Netflix by 34.8% in the 3rd quarter. Mark Asset Management Corp now owns 28,304 shares of the Internet television network’s stock valued at $10,589,000 after acquiring an additional 7,312 shares in the last quarter. Utah Retirement Systems lifted its position in shares of Netflix by 0.4% in the 3rd quarter. Utah Retirement Systems now owns 77,524 shares of the Internet television network’s stock valued at $29,004,000 after acquiring an additional 300 shares in the last quarter. First Republic Investment Management Inc. lifted its position in shares of Netflix by 9.2% in the 3rd quarter. First Republic Investment Management Inc. now owns 105,149 shares of the Internet television network’s stock valued at $39,339,000 after acquiring an additional 8,864 shares in the last quarter. Finally, Wedbush Securities Inc. lifted its position in shares of Netflix by 22.8% in the 3rd quarter. Wedbush Securities Inc. now owns 4,819 shares of the Internet television network’s stock valued at $1,803,000 after acquiring an additional 896 shares in the last quarter. Hedge funds and other institutional investors own 74.02% of the company’s stock.

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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