Netflix, Inc. (NFLX) Expected to Announce Quarterly Sales of $4.49 Billion

Equities research analysts expect that Netflix, Inc. (NASDAQ:NFLX) will announce $4.49 billion in sales for the current quarter, according to Zacks Investment Research. Eleven analysts have provided estimates for Netflix’s earnings, with the lowest sales estimate coming in at $4.44 billion and the highest estimate coming in at $4.50 billion. Netflix reported sales of $3.70 billion during the same quarter last year, which would suggest a positive year over year growth rate of 21.4%. The firm is expected to announce its next earnings results on Monday, April 15th.

According to Zacks, analysts expect that Netflix will report full-year sales of $20.15 billion for the current financial year, with estimates ranging from $19.74 billion to $20.54 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $25.08 billion, with estimates ranging from $23.26 billion to $26.28 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Netflix.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, January 17th. The Internet television network reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.06. Netflix had a return on equity of 25.82% and a net margin of 7.67%. The firm had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $4.21 billion. During the same period last year, the business posted $0.41 EPS. Netflix’s quarterly revenue was up 27.4% on a year-over-year basis.

A number of equities research analysts have issued reports on the company. Sanford C. Bernstein reaffirmed a “buy” rating and issued a $421.00 price target on shares of Netflix in a research report on Tuesday, December 18th. B. Riley boosted their price target on shares of Netflix from $315.00 to $322.00 and gave the stock a “buy” rating in a research note on Wednesday, October 17th. Nomura set a $370.00 price objective on Netflix and gave the company a “neutral” rating in a report on Monday, October 29th. BidaskClub downgraded Netflix from a “hold” rating to a “sell” rating in a research note on Wednesday, December 12th. Finally, Robert W. Baird reissued a “neutral” rating and set a $380.00 price objective on shares of Netflix in a research note on Wednesday, October 17th. Six research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $376.33.

Netflix stock opened at $351.77 on Thursday. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.49 and a current ratio of 1.49. Netflix has a 1-year low of $231.23 and a 1-year high of $423.21. The firm has a market capitalization of $151.75 billion, a price-to-earnings ratio of 131.26, a price-to-earnings-growth ratio of 2.88 and a beta of 1.38.

In other news, Director Anne M. Sweeney sold 2,569 shares of the company’s stock in a transaction dated Tuesday, January 15th. The shares were sold at an average price of $350.00, for a total transaction of $899,150.00. Following the sale, the director now directly owns 539 shares in the company, valued at approximately $188,650. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO David B. Wells sold 588 shares of the firm’s stock in a transaction on Monday, November 19th. The stock was sold at an average price of $283.79, for a total transaction of $166,868.52. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 212,303 shares of company stock valued at $59,417,475. 4.29% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NFLX. FMR LLC boosted its stake in Netflix by 6.1% in the second quarter. FMR LLC now owns 26,511,408 shares of the Internet television network’s stock valued at $10,377,360,000 after acquiring an additional 1,534,290 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in Netflix by 95.9% in the 2nd quarter. Advisors Asset Management Inc. now owns 7,885 shares of the Internet television network’s stock valued at $3,086,000 after purchasing an additional 3,861 shares during the period. First Hawaiian Bank purchased a new stake in shares of Netflix during the third quarter valued at approximately $1,449,000. Alta Capital Management LLC bought a new stake in shares of Netflix in the 3rd quarter worth approximately $211,000. Finally, Coastline Trust Co raised its position in Netflix by 169.0% in the 3rd quarter. Coastline Trust Co now owns 3,908 shares of the Internet television network’s stock worth $1,462,000 after purchasing an additional 2,455 shares during the period. Hedge funds and other institutional investors own 79.49% of the company’s stock.

Netflix Company Profile

Netflix, Inc provides Internet entertainment services. The company operates in three reportable segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.

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Earnings History and Estimates for Netflix (NASDAQ:NFLX)

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