According to Zacks Investment Research, Netflix, Inc. (NASDAQ: NFLX) is expected to announce $1.37 EPS for this fiscal quarter.
NASDAQ: NFLX will reportedly announce its report on the quarterly earnings on Tuesday, 19th January. Till now, fourteen expert analysts have submitted the earnings of Netflix, Inc. The lowest estimate stands at $1.34 EPS and the highest is estimated at $1.44 EPS.
Compared to last year, the earnings of this year show considerable change. Last year NASDAQ: NFLX posted its quarterly earnings for this same quarter as $1.30. This suggests that the firm had a 5.4% positive yearly growth rate.
Netflix, Inc. (NASDAQ: NFLX) Stock Analysis
Zacks Investment Research suggests that Netflix stock’s FY2020 earnings will stand at $6.26 per share. The EPS will approximately range from $6.33 – $6.21. For the upcoming financial year, expert analysts suggest that the firm’s estimated earnings will stand at $9.02 per share along with the estimated EPS varying from $11.27 to $8.37.
The quarterly earnings report for the previous quarter was released on the 20th of October. The earnings stood at $1.74 EPS as opposed to the general consensus of $2.13. The company’s return on equity also stood at 31.48% along with the net margin of 11.78%. The estimated income for the firm was marked at $6.38 billion but it made $6.44 billion for that quarter. During the same time previous year, the firm’s EPS was $1.47. This was 22.7% up based on a year-over-year calculation.
NASDAQ: NFLX has recently been the subject of a lot of reports by research analysts. Some such as Jefferies Financial Group, Goldman Sachs, Guggenheim and so on have posted reports on this firm over the last few months.
The recent consensus rating of Netflix, Inc. stands at “Buy” and the consensus on the target price is $528.74. Several hedge funds have also been involved in buying and selling of NASDAQ: NFLX shares recently.