Netflix 360-Degree Earnings Preview

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Published: October 15, 2014 12:30 pm

Last Updated: October 15, 2014 12:31 pm

Netflix Inc. (NASDAQ: NFLX) is set to report its earnings Wednesday after the market closes. Thomson Reuters has consensus estimates of $0.93 in earnings per share and $1.41 billion in revenue. In the third quarter in the previous year, Netflix reported earnings of $0.52 per share and $1.11 billion in revenue. The fourth quarter has consensus estimates of $0.85 in earnings per share and $1.49 billion in revenue.

24/7 Wall St. has provided a pre-earnings analysis discussing the value of Netflix, analyst expectations, options trading color and a chart watch. Additional color has been included as well.

The company has continued to expand into Europe with the goal of growing its subscribers globally. It targeted Germany and France, among four other European nations, for its initial debut in Europe in mid-September.

Netflix has had great success in creating new content in shows like “House of Cards” and “Orange Is the New Black,” and as a result it has gained against network programming. More stars, writers and directors are also considering this platform as a viable option as its popularity continues to grow.

ALSO READ: Will HBO Need a Partner to Launch Its Web-Only Service?

Netflix has seen its shares reach its 52-week high this quarter, but shares would close out the quarter lower at $451.18. The trading range for the quarter was $412.51 to $489.29, a spread of over 18% in a three-month span.

Just this week, Netflix was raised to Buy from Neutral at BTIG, with a price target of $600.

The 50-day moving average has acted as resistance for part of September and most of October, until the recent sell-off, and it read at $460.40. The 200-day moving average was still fairly below the share price at $413.53 but may act as support if the price continues to drop.

Options traders appear to be looking for a move of up to about $20 or so, but the reality is that this stock has already sold off and was down almost $14 at the time the options analysis was conducted.

Tuesday morning, shares of Netflix were down over 3% to $434.44, but a panic selling in the broader stock market may be more of the culprit than the worry over earnings.

Netflix shares have a consensus analyst price target of $473.76 and a 52-week trading range of $299.50 to $489.29. The market cap is $27 billion.

ALSO READ: The Best and Worst Performing DJIA Stocks in 2014

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Netflix, Inc – Stock Price and Volume | FindTheBest

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