NFLX Will Have A Sales Sum Of $7.14 Billion This Quarter


According to major Wall Street brokerages, the stocks of NFLX will be expected to post a sales sum of around $7.14 billion for this quarter. The report issued by Zacks Investment Research already has the analysts providing estimates into the earnings of the entertainment company.

The range has gone all the way from $7.08 billion to $7.17 billion. The sales reported by the company over the period last year was $5.77 billion- which implies an annual growth rate of about 23.7%. NFLX will be posting its next quarterly report on the 20th of April. 

The Quarterly Estimate Of NFLX

The stocks of NFLX did post their previous quarterly earnings on the 18th of January. The EPS reported by the company over the period was $1.19 for the very quarter, which missed out on the estimate set at $0.19. The revenue earned by the company for the quarter was $6.64 billion- which was more than the consensus estimate of around $6.62 billion. The return on equity of the company for the quarter was 31.48%, while they had an 11.78% net margin. 

There have been quite a few research equities that have commented on the stocks of NFLX. Cowen has already increased the price of the company from $650 to $675 in a 20th January research report. KeyCorp has also increased the price target from a sum of $634 to a sum of $650.

UBS Group has issued the stocks of Netflix with a rating of buy after it was previously neutral along with a target price which was elevated from $540 to $650. In the end, Canaccord Genuity decided to increase the price target of the company from $630 to $670- while putting up a rating of buy in a 20th January research report. 

Four of the research equities that have been accounting for the stocks have given it a rating of sell, while eight of them have given it a rating of hold. Close to twenty-six analysts have provided the stocks of NFLX with a rating of buy. The rating for the company is buy, with a $582.11 price target.

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