Netflix (NASDAQ:NFLX) Releases Q4 2019 Earnings Guidance

Netflix (NASDAQ:NFLX) issued an update on its fourth quarter 2019 earnings guidance on Wednesday morning. The company provided EPS guidance of $0.51-0.51 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.81. The company issued revenue guidance of $5.442-5.442 billion, compared to the consensus revenue estimate of $5.52 billion.Netflix also updated its Q4 guidance to $0.51 EPS.

Several research firms have recently weighed in on NFLX. Credit Suisse Group reiterated a buy rating and set a $440.00 target price on shares of Netflix in a research report on Thursday, October 17th. Nomura lifted their price objective on Netflix from $310.00 to $330.00 and gave the company a neutral rating in a report on Thursday, October 17th. Wells Fargo & Co lifted their price objective on Netflix from $288.00 to $308.00 and gave the company a market perform rating in a report on Thursday, October 17th. Zacks Investment Research downgraded Netflix from a hold rating to a sell rating and set a $295.00 price objective for the company. in a report on Friday, October 11th. Finally, Royal Bank of Canada cut their target price on Netflix from $450.00 to $420.00 and set an outperform rating on the stock in a research note on Thursday, October 17th. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $369.54.

NFLX traded up $2.00 during mid-day trading on Friday, hitting $291.57. 4,509,000 shares of the stock were exchanged, compared to its average volume of 8,183,516. The firm’s fifty day moving average is $276.43 and its two-hundred day moving average is $323.02. The company has a market cap of $126.11 billion, a PE ratio of 108.79, a PEG ratio of 2.88 and a beta of 1.25. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.81. Netflix has a 1-year low of $231.23 and a 1-year high of $385.99.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Wednesday, October 16th. The Internet television network reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.42. Netflix had a return on equity of 23.65% and a net margin of 7.49%. The firm had revenue of $5.25 billion for the quarter, compared to the consensus estimate of $5.25 billion. During the same quarter last year, the business posted $0.89 EPS. The firm’s quarterly revenue was up 31.2% compared to the same quarter last year. As a group, research analysts anticipate that Netflix will post 3.33 earnings per share for the current year.

In other Netflix news, CEO Reed Hastings sold 43,372 shares of Netflix stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $266.57, for a total value of $11,561,674.04. Following the transaction, the chief executive officer now directly owns 43,372 shares in the company, valued at approximately $11,561,674.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 135,702 shares of company stock worth $38,290,015 over the last quarter. Company insiders own 4.29% of the company’s stock.

Netflix Company Profile

Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.

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Earnings History and Estimates for Netflix (NASDAQ:NFLX)

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