Netflix Inc. (NASDAQ: NFLX) is scheduled to release its most recent quarterly results after the markets close on Tuesday. Thomson Reuters consensus estimates call for $0.68 in earnings per share (EPS) and $4.0 billion in revenue. The third quarter of last year reportedly had EPS of $0.29 and $2.98 billion in revenue.
Netflix has plans to roll out even more international content in the coming years, In fact, the online streaming service plans to double its investments in France and produce 14 local shows, twice as many as previously planned, according to CEO Hastings in September.
Earlier this quarter it was announced that Netflix’s chief financial officer, David Wells, will be stepping down. Wells joined Netflix in 2004 and has served as CFO since 2010. He has not yet set a date for when he will depart, but until then he plans to help the company choose his successor.
Netflix has been wildly successful under Wells’s guidance. Keep in mind that Netflix was only about a $10 stock at the end of 2011, and since then it has grown over 3,300% to the current price level.
Excluding Tuesday’s move, Netflix has outperformed the broad markets, with its stock up about 67% in the past 52 weeks. In just 2018 alone, the stock is up closer to 74%.
A few analysts weighed in on Netflix ahead of the report:
- Citigroup has a Neutral rating.
- Morgan Stanley has a Buy rating with a $450 price target.
- Raymond James has an Outperform rating and a $400 target.
- Goldman Sachs has a Buy rating with a $430 target price.
- Wedbush has a Sell rating with a $125 target price.
- JPMorgan has a Buy rating and a $415 price target.
- Stifel has a Buy rating with a $395 price target.
Shares of Netflix were last seen up less than 1% at $335.49 on Tuesday, with a consensus analyst price target of $379.73 and a 52-week trading range of $178.38 to $423.21.
24/7 Wall St.It’s Your Money, Your Future—Own It (sponsor)
Retirement can be daunting, but it doesn’t need to be.
Imagine having an expert in your corner to help you with your financial goals. Someone to help you determine if you’re ahead, behind, or right on track. With SmartAsset, that’s not just a dream—it’s reality. This free tool connects you with pre-screened financial advisors who work in your best interests. It’s quick, it’s easy, so take the leap today and start planning smarter!
Don’t waste another minute; get started right here and help your retirement dreams become a retirement reality.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.