Q4 2024 EPS Estimates for Netflix, Inc. Boosted by Analyst (NASDAQ:NFLX)

Netflix, Inc. (NASDAQ:NFLX) – Research analysts at William Blair increased their Q4 2024 earnings per share estimates for Netflix in a report issued on Friday, April 19th. William Blair analyst R. Schackart now anticipates that the Internet television network will post earnings per share of $3.82 for the quarter, up from their previous forecast of $3.69. The consensus estimate for Netflix’s current full-year earnings is $17.13 per share. William Blair also issued estimates for Netflix’s Q2 2025 earnings at $5.64 EPS and Q3 2025 earnings at $5.19 EPS.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The business had revenue of $9.37 billion during the quarter, compared to analyst estimates of $9.28 billion. During the same quarter last year, the company posted $2.88 EPS. Netflix’s revenue for the quarter was up 14.8% on a year-over-year basis.

NFLX has been the subject of a number of other research reports. Oppenheimer reiterated an “outperform” rating and issued a $725.00 price target on shares of Netflix in a research report on Friday, April 19th. Wedbush reiterated an “outperform” rating and issued a $725.00 price target on shares of Netflix in a research report on Friday, April 19th. UBS Group raised their price objective on Netflix from $570.00 to $685.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Needham & Company LLC upgraded Netflix from a “hold” rating to a “buy” rating and set a $700.00 price objective for the company in a research report on Friday, April 19th. Finally, Citigroup raised their price objective on Netflix from $555.00 to $660.00 and gave the stock a “neutral” rating in a research report on Monday, March 25th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $630.58.

Netflix Trading Up 4.2 %

NASDAQ:NFLX opened at $577.75 on Monday. The company has a quick ratio of 1.12, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. Netflix has a 1-year low of $315.62 and a 1-year high of $639.00. The firm has a market capitalization of $248.95 billion, a price-to-earnings ratio of 40.09, a price-to-earnings-growth ratio of 1.49 and a beta of 1.22. The stock has a fifty day simple moving average of $606.05 and a 200 day simple moving average of $517.65.

Insider Buying and Selling

In related news, Chairman Reed Hastings sold 20,566 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $610.42, for a total value of $12,553,897.72. Following the completion of the sale, the chairman now directly owns 28 shares in the company, valued at approximately $17,091.76. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Chairman Reed Hastings sold 20,566 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $610.42, for a total value of $12,553,897.72. Following the completion of the sale, the chairman now directly owns 28 shares in the company, valued at approximately $17,091.76. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Gregory K. Peters sold 5,533 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $575.00, for a total value of $3,181,475.00. Following the completion of the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $7,526,750. The disclosure for this sale can be found here. In the last ninety days, insiders sold 160,106 shares of company stock worth $92,729,716. 2.45% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of NFLX. Authentikos Wealth Advisory LLC acquired a new position in shares of Netflix during the third quarter worth approximately $25,000. Spartan Planning & Wealth Management acquired a new position in shares of Netflix during the third quarter worth approximately $26,000. Carmel Capital Partners LLC increased its position in shares of Netflix by 290.0% during the third quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock valued at $30,000 after purchasing an additional 58 shares during the period. VitalStone Financial LLC increased its position in shares of Netflix by 933.3% during the fourth quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock valued at $30,000 after purchasing an additional 56 shares during the period. Finally, Beaird Harris Wealth Management LLC increased its position in shares of Netflix by 1,550.0% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 62 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

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.