Netflix (NASDAQ:NFLX) Releases Q1 Earnings Guidance

Netflix (NASDAQ:NFLX) issued an update on its first quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of $5.58 for the period, compared to the consensus earnings per share estimate of $5.97. The company issued revenue guidance of $10.416 billion, compared to the consensus revenue estimate of $10.49 billion. Netflix also updated its FY 2025 guidance to EPS.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Jefferies Financial Group boosted their price target on shares of Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Pivotal Research boosted their price target on Netflix from $925.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Evercore ISI increased their price objective on Netflix from $775.00 to $950.00 and gave the company an “outperform” rating in a report on Monday, December 2nd. Morgan Stanley boosted their target price on shares of Netflix from $820.00 to $830.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Finally, Rosenblatt Securities reiterated a “neutral” rating and issued a $680.00 price target on shares of Netflix in a research note on Thursday, January 16th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $845.06.

Netflix Stock Up 1.3 %

Shares of NASDAQ:NFLX opened at $869.68 on Wednesday. The firm has a market cap of $371.75 billion, a P/E ratio of 49.22, a P/E/G ratio of 1.40 and a beta of 1.27. The business has a fifty day simple moving average of $885.64 and a 200 day simple moving average of $760.81. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. Netflix has a 12-month low of $479.90 and a 12-month high of $941.75.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. The company had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10,141,900 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The firm’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.11 earnings per share. Analysts predict that Netflix will post 19.76 earnings per share for the current year.

Insider Transactions at Netflix

In other news, Chairman Reed Hastings sold 48,363 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the transaction, the chairman now directly owns 114 shares of the company’s stock, valued at $102,212.40. This represents a 99.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider David A. Hyman sold 267 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total value of $204,433.89. Following the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at $24,202,828.70. This represents a 0.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 152,198 shares of company stock worth $127,616,898 over the last three months. 1.76% of the stock is owned by company insiders.

About Netflix

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.