Quite a few research analysts from Truist Securities have already reduced the earnings for FY2021 for the stocks of NFLX in a 7th April research note. M. Thornton, one of the analysts from the brokerage, has already predicted that the company will be posting an EPS of $9.69 for the year, which is quite a downgrade from its previous value of $9.71. The company has also provided issues into the Q4 earnings of the company at an EPS of $1.71, with FY2022 earnings set at $12.63.
The Quarterly Estimates Of NFLX
NFLX did produce their quarterly results on the 18th of January. The company reported an EPS of $1.19, which was less than the consensus estimate of $1.38. The net margin of the company has been 11.78% with a 31.48% return on its equity. The revenue of the firm is $6.64 billion, with an analyst expectation of $6.62 billion.
There have been quite a few research equities that have commented on the stocks of NFLX. Canaccord Genuity has already increased the price target of the company from $630 to $670 with a rating of buy in a 20th January research report. Rosenblatt Securities has also increased the price target of the company from $425 to $450 with a rating of neutral in a 20th January research report. Jefferies Financial Group has also put up a rating of buy in a 20th January research report.
In the end, four of the investment analysts covering the stock gave it a rating of sell, while eight of them gave it a rating of hold. Twenty-six other analysts provided the company with a rating of buy. Currently, the company has a buy rating with a $587.45 price target.
The stocks of NFLX traded on Monday at $555.31. The moving average price of the company over 50 days is $526.72, with a moving average price of the company over two hundred days at $517.56. The year low of the company is $367.70, with the year high set at $593.29. The market cap of the firm is $245.94 billion, with a PE ratio of around 89.57, along with a 1.86 PEG ratio.