Earnings results for Netflix (NASDAQ:NFLX)
Netflix, Inc. is expected* to report earnings on 10/19/2021 after market close. The report will be for the fiscal Quarter ending Sep 2021. According to Zacks Investment Research, based on 21 analysts’ forecasts, the consensus EPS forecast for the quarter is $2.57. The reported EPS for the same quarter last year was $1.74.
Netflix last issued its quarterly earnings data on July 19th, 2021. The Internet television network reported $2.97 earnings per share for the quarter, missing analysts’ consensus estimates of $3.16 by $0.19. The business had revenue of $7.34 billion for the quarter, compared to analyst estimates of $7.32 billion. Its quarterly revenue was up 19.4% on a year-over-year basis. Netflix has generated $6.08 earnings per share over the last year ($9.65 diluted earnings per share) and currently has a price-to-earnings ratio of 65.6. Earnings for Netflix are expected to grow by 22.25% in the coming year, from $10.38 to $12.69 per share. Netflix has confirmed that its next quarterly earnings report will be published on Tuesday, October 19th, 2021. Netflix will be holding an earnings conference call on Tuesday, October 19th at 6:00 PM Eastern. Interested parties can .
Analyst Opinion on Netflix (NASDAQ:NFLX)
According to the issued ratings of 37 analysts in the last year, the consensus rating for Netflix stock is Buy based on the current 3 sell ratings, 7 hold ratings and 27 buy ratings for NFLX. The average twelve-month price target for Netflix is $626.08 with a high price target of $780.00 and a low price target of $342.00.
on NFLX’s analyst rating history
Netflix has received a consensus rating of Buy. The company’s average rating score is 2.65, and is based on 27 buy ratings, 7 hold ratings, and 3 sell ratings. According to analysts’ consensus price target of $626.08, Netflix has a forecasted downside of 1.0% from its current price of $632.66. Netflix has been the subject of 16 research reports in the past 90 days, demonstrating strong analyst interest in this stock.
Dividend Strength: Netflix (NASDAQ:NFLX)
Netflix does not currently pay a dividend. Netflix does not have a long track record of dividend growth.
Insiders buying/selling: Netflix (NASDAQ:NFLX)
In the past three months, Netflix insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $68,562,364.00 in company stock. Only 3.40% of the stock of Netflix is held by insiders. 79.51% of the stock of Netflix is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Earnings and Valuation of Netflix (NASDAQ:NFLX
Earnings for Netflix are expected to grow by 22.25% in the coming year, from $10.38 to $12.69 per share. The P/E ratio of Netflix is 65.56, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.69. The P/E ratio of Netflix is 65.56, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 21.38. Netflix has a PEG Ratio of 1.88. PEG Ratios above 1 indicate that a company could be overvalued. Netflix has a P/B Ratio of 25.33. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
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