Netflix (NFLX) Posts Quarterly Results - InvestingChannel

Netflix (NFLX) Posts Quarterly Results

Netflix (NASDAQ: NFLX) announced its earnings results on Wednesday. The company reported $0.13 earnings per share for the quarter, beating the analysts? consensus estimate of ($0.14) by $0.27. The company had revenue of $945.00 million for the quarter, compared to the consensus estimate of $934.85 million. During the same quarter last year, the company posted $0.73 earnings per share. Netflix?s revenue was up 7.9% compared to the same quarter last year. Netflix updated its Q1 guidance to $0.00-0.23 EPS.

A number of research firms have also recently commented on NFLX. Analysts at National Alliance Securities initiated coverage on shares of Netflix in a research note to investors on Tuesday. They set a ?market perform? rating and a $102.00 price target on the stock. On a related note, analysts at National Alliance Capital Mkts initiated coverage on shares of Netflix in a research note to investors on Tuesday. They set a ?market perform? rating and a $102.00 price target on the stock. Finally, analysts at Northland Securities reiterated an ?underperform? rating on shares of Netflix in a research note to investors on Friday, January 18th. They now have a $35.00 price target on the stock. Six analysts have rated the stock with a buy rating, nineteen have issued a hold rating, four have assigned an underweight rating, and six have given a sell rating to the company?s stock. Netflix presently has a consensus rating of ?hold? and an average price target of $74.29.

Shares of Netflix (NFLX) traded up 5.57% during mid-day trading on Wednesday, hitting $103.26. Netflix (NFLX) has a one year low of $52.81 and a one year high of $133.43. The stock?s 50-day moving average is currently $93.50. The company has a market cap of $5.736 billion and a P/E ratio of 126.21.

Netflix, Inc., formerly known as Netflix.com, Inc., is a United States-based company that offers internet subscription service.