Several analysts have forecasted that the stocks of NFLX would be putting up a sales sum of around $7.14 billion for the present quarter. According to a report published by Zacks Investment, thirteen different analysts have already given out estimates into the earnings of the company with the ball rolled at $7.08 billion to $7.17 billion. The company had previously posted a sales sum of $5.77 billion, which was indicative of an annual growth rate of about 23.7%. NFLX is going to put out its next earnings result on the 20th of April.
The Quarterly Estimate of NFLX
The company had previously reported its quarterly earnings on the 18th of January. The EPS reported by NFLX over the quarter was $1.19 which missed out on the consensus which was $1.38. The revenue earned by the company during this period was $6.64 billion, which was more than the consensus estimate of $6.62 billion. The net margin of Netflix was 11.78%, with a 31.48% return on its equity.
There have been quite a few companies that have commented on the stocks of the company. JPMorgan Chase & Co has been one of the first companies to reiterate their rating of buy, with a price target of $685 set on the company in a 20th January research report. Pivotal Research has also increased the price target of the company from $660 to $750, along with a rating of buy in a 20th January research note.
The Royal Bank of Canada has also reiterated their rating of buy, with a price objective of $630 set on NFLX in a 16th December research note. DZ Bank has also increased the shares to a rating of buy, with a $650 research note. In the end, Monness Crespi & Hardt put up the price target from $600 to $650.