Equities research analysts expect Netflix, Inc. (NASDAQ:NFLX) to report earnings of $0.24 per share for the current quarter, according to Zacks. Thirteen analysts have made estimates for Netflix’s earnings, with the lowest EPS estimate coming in at $0.22 and the highest estimate coming in at $0.30. Netflix posted earnings per share of $0.41 during the same quarter last year, which indicates a negative year-over-year growth rate of 41.5%. The business is expected to issue its next quarterly earnings results on Monday, January 28th.

On average, analysts expect that Netflix will report full-year earnings of $2.63 per share for the current year, with EPS estimates ranging from $2.61 to $2.69. For the next financial year, analysts expect that the company will report earnings of $4.12 per share, with EPS estimates ranging from $3.69 to $4.46. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for Netflix.

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

A number of equities analysts have weighed in on NFLX shares. Royal Bank of Canada set a $450.00 target price on shares of Netflix and gave the stock a “buy” rating in a research report on Thursday. BidaskClub upgraded shares of Netflix from a “sell” rating to a “hold” rating in a research report on Friday, November 30th. Macquarie set a $315.00 target price on shares of Netflix and gave the stock a “buy” rating in a research report on Monday, November 26th. Robert W. Baird reiterated a “neutral” rating and set a $380.00 target price on shares of Netflix in a research report on Monday, November 19th. Finally, ValuEngine lowered shares of Netflix from a “buy” rating to a “hold” rating in a research report on Friday, November 16th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and thirty have issued a buy rating to the company. Netflix currently has a consensus rating of “Buy” and an average target price of $380.97.

In other Netflix news, CEO Reed Hastings sold 78,092 shares of Netflix stock in a transaction that occurred on Wednesday, November 21st. The shares were sold at an average price of $266.87, for a total transaction of $20,840,412.04. Following the transaction, the chief executive officer now directly owns 78,092 shares of the company’s stock, valued at $20,840,412.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO David B. Wells sold 1,000 shares of Netflix stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $352.27, for a total transaction of $352,270.00. Following the transaction, the chief financial officer now directly owns 576 shares in the company, valued at $202,907.52. The disclosure for this sale can be found here. Insiders have sold 332,450 shares of company stock worth $108,250,865 over the last three months. Insiders own 4.29% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Great Lakes Advisors LLC increased its stake in shares of Netflix by 0.3% in the third quarter. Great Lakes Advisors LLC now owns 24,044 shares of the Internet television network’s stock worth $8,996,000 after buying an additional 75 shares during the period. Berkeley Capital Partners LLC increased its stake in shares of Netflix by 17.3% in the second quarter. Berkeley Capital Partners LLC now owns 1,008 shares of the Internet television network’s stock worth $273,000 after buying an additional 149 shares during the period. Capstone Financial Advisors Inc. increased its stake in shares of Netflix by 17.8% in the second quarter. Capstone Financial Advisors Inc. now owns 1,006 shares of the Internet television network’s stock worth $394,000 after buying an additional 152 shares during the period. Cornerstone Advisors Inc. increased its stake in shares of Netflix by 9.6% in the second quarter. Cornerstone Advisors Inc. now owns 1,740 shares of the Internet television network’s stock worth $681,000 after buying an additional 153 shares during the period. Finally, Cobblestone Capital Advisors LLC NY increased its stake in shares of Netflix by 22.1% in the second quarter. Cobblestone Capital Advisors LLC NY now owns 855 shares of the Internet television network’s stock worth $335,000 after buying an additional 155 shares during the period. 74.07% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ NFLX opened at $282.88 on Tuesday. Netflix has a 52-week low of $183.22 and a 52-week high of $423.21. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.39 and a quick ratio of 1.39. The stock has a market cap of $120.07 billion, a P/E ratio of 226.30, a P/E/G ratio of 3.49 and a beta of 1.12.

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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