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Thursday, January 27, 2022

Jefferies Financial Group Has Increased the EPS Estimates for NFLX

The analysts working at Jefferies Financial Group have finally raised the EPS estimate for the FY 2020 earnings for NFLX in one of the reports that were published on the 7th of December. A. Giaimo, the analyst from the brokerage firm has now been forecasting that the television network is going to post an EPS of $6.28- an increase of $6.25. Currently, the brokerage firm has fixed a rating of ‘buy’ for the stock with a price objective of $610. Jefferies Financial Group has also provided the estimates for the Q4 earnings of NFLX at an EPS of $1.39. 

The Quarterly Earnings of NFLX

The stocks of NFLX previously declared their earnings data on the 20th of October. The television network did report an EPS of $1.74 for this quarter- unable to compete with the consensus estimate set by Zacks Investment Research. The return on equity for the company is 31.48%, along with a net margin of around 11.78%. The company currently generated a revenue of $6.44 billion over this quarter. 

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There have been several research analysts who have published on the stocks of NFLX. Credit Suisse has already upheld a price target of $525 on the stock, along with a rating of ‘neutral’. Piper Sandler has also increased the price objective on the stocks of NFLX from $630 to $643, in one of their research reports. 

Wells Fargo & Company have raised their price objective on the company to $510, with the rating of ‘equal weight’. Of all the research analysts working on the stocks, five of them have already given the stock a rating of ‘sell’, while eleven of them have given it a rating of ‘hold’. The NFLX stock currently faces a rating of ‘Buy’, and an objective price amounting to $529.39. 

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