Several analysts from Wall Street have predicted that the stocks of NFLX will be posting a sales sum of $7.14 billion for the quarter. Fourteen investment analysts have already provided estimates into the earnings of the company. The ball has been rolled from $7.08 billion to a sum of $7.17 billion. The company did post a sales sum of $5.77 billion, which is indicative of an annual growth rate of about 23.7%. The company will be posting its next quarterly report on the 20th of April.
The Quarterly Estimates Of NFLX
The stocks of NFLX would be posting their next quarterly result on the 18th of January. The television network previously reported an EPS of $1.19 for this quarter, where they missed out on the consensus of the company by $1.38. The net margin for the company is 11.78%, with a 31.48% return on their equity. The revenue of the company is $6.64 billion which was more than the consensus estimate of around $6.62 billion.
There have been quite a few research equities that have commented on the stocks of NFLX. Barclays has increased the price target of the company from $550 to $650 with a rating of overweight in a 20th January research report. Morgan Stanley has also increased the price target of the company from $650 to $700 with a rating of overweight in a 20th January research report.
Piper Sandler has also started covering the stocks of the firm with a rating of overweight set on the firm. The price target set was $605 in a 1st April research note. Evercore ISI has given the company a rating of outperform with a price target of $665. In the end, BMO Capital Markets also increased the rating of the company to buy with a price target of $700 in a 15th March research report.
Four of the investment analysts have already given the stocks a rating of sell, while eight of them have given the stocks of NFLX a rating of hold. Close to twenty-six of them have given the company a rating of buy. Currently, the company has a buy rating with a $587.45 price target.