Seaport Res Ptn Issues Negative Outlook for Netflix Earnings

Netflix, Inc. (NASDAQ:NFLX) – Equities research analysts at Seaport Res Ptn cut their FY2024 EPS estimates for shares of Netflix in a report released on Wednesday, January 15th. Seaport Res Ptn analyst D. Joyce now forecasts that the Internet television network will post earnings of $19.79 per share for the year, down from their previous estimate of $19.81. Seaport Res Ptn currently has a “Strong-Buy” rating on the stock. The consensus estimate for Netflix’s current full-year earnings is $19.76 per share. Seaport Res Ptn also issued estimates for Netflix’s Q1 2025 earnings at $5.95 EPS, Q3 2025 earnings at $6.64 EPS, Q4 2025 earnings at $5.30 EPS and FY2025 earnings at $23.89 EPS.

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

NFLX has been the topic of several other research reports. Barclays raised their target price on shares of Netflix from $550.00 to $715.00 and gave the company an “underweight” rating in a report on Tuesday, January 14th. The Goldman Sachs Group boosted their target price on shares of Netflix from $750.00 to $850.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 8th. Rosenblatt Securities restated a “neutral” rating and issued a $680.00 price target on shares of Netflix in a research note on Thursday, January 16th. Wedbush reiterated an “outperform” rating and issued a $950.00 price objective (up previously from $800.00) on shares of Netflix in a report on Monday, November 18th. Finally, Guggenheim boosted their target price on Netflix from $825.00 to $950.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Two equities research 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 data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $845.06.

Netflix Trading Up 1.3 %

Shares of NFLX stock opened at $869.68 on Monday. Netflix has a fifty-two week low of $479.90 and a fifty-two week high of $941.75. The company has a 50 day moving average price of $885.64 and a 200 day moving average price of $760.81. The stock has a market capitalization of $371.75 billion, a P/E ratio of 49.22, a price-to-earnings-growth ratio of 1.40 and a beta of 1.27. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13.

Institutional Trading of Netflix

A number of hedge funds have recently made changes to their positions in the stock. RPg Family Wealth Advisory LLC bought a new stake in Netflix in the third quarter valued at about $25,000. E Fund Management Hong Kong Co. Ltd. grew its position in shares of Netflix by 700.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after acquiring an additional 42 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new stake in shares of Netflix in the 3rd quarter valued at approximately $37,000. FSA Wealth Management LLC acquired a new stake in shares of Netflix during the 3rd quarter valued at approximately $38,000. Finally, First Personal Financial Services bought a new position in Netflix during the third quarter worth $40,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Activity at Netflix

In related news, 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 transaction of $204,433.89. Following the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $24,202,828.70. The trade was a 0.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Richard N. Barton sold 5,698 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $756.00, for a total value of $4,307,688.00. Following the completion of the transaction, the director now owns 246 shares of the company’s stock, valued at approximately $185,976. This represents a 95.86 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 152,198 shares of company stock worth $127,616,898. 1.76% of the stock is owned by 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.