Analysts Offer Predictions for Netflix, Inc.’s Q4 2022 Earnings (NASDAQ:NFLX)

Netflix, Inc. (NASDAQ:NFLX – Get Rating) – Research analysts at KeyCorp boosted their Q4 2022 earnings estimates for shares of Netflix in a note issued to investors on Tuesday, January 17th. KeyCorp analyst J. Patterson now anticipates that the Internet television network will post earnings of $0.53 per share for the quarter, up from their previous estimate of $0.35. The consensus estimate for Netflix’s current full-year earnings is $10.31 per share. KeyCorp also issued estimates for Netflix’s FY2023 earnings at $11.61 EPS and FY2024 earnings at $14.18 EPS.

NFLX has been the subject of a number of other reports. Truist Financial boosted their price target on shares of Netflix from $210.00 to $339.00 and gave the company a “hold” rating in a research report on Tuesday. Morgan Stanley boosted their price target on shares of Netflix from $275.00 to $300.00 and gave the company an “equal weight” rating in a research report on Thursday. The Goldman Sachs Group boosted their price target on shares of Netflix from $225.00 to $230.00 and gave the company a “sell” rating in a research report on Friday. Evercore ISI boosted their price target on shares of Netflix from $340.00 to $400.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Societe Generale boosted their price target on shares of Netflix from $170.00 to $215.00 and gave the company a “sell” rating in a research report on Wednesday, November 30th. Three research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $338.47.

Netflix Price Performance

Netflix stock opened at $342.50 on Friday. The stock has a market cap of $152.42 billion, a P/E ratio of 30.69, a price-to-earnings-growth ratio of 3.69 and a beta of 1.27. The company has a fifty day simple moving average of $304.91 and a 200-day simple moving average of $259.17. Netflix has a 12-month low of $162.71 and a 12-month high of $458.48. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.68.

Netflix (NASDAQ:NFLX – Get Rating) last released its quarterly earnings data on Thursday, January 19th. The Internet television network reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.30). The firm had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.85 billion. Netflix had a return on equity of 27.64% and a net margin of 16.03%. Netflix’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period last year, the firm posted $1.33 earnings per share.

Institutional Trading of Netflix

Institutional investors have recently added to or reduced their stakes in the stock. Phocas Financial Corp. purchased a new stake in Netflix during the fourth quarter worth about $29,000. Yarbrough Capital LLC purchased a new stake in Netflix during the fourth quarter worth about $29,000. Gould Capital LLC purchased a new stake in Netflix during the second quarter worth about $26,000. Carolinas Wealth Consulting LLC boosted its holdings in Netflix by 27.6% during the third quarter. Carolinas Wealth Consulting LLC now owns 162 shares of the Internet television network’s stock worth $38,000 after buying an additional 35 shares in the last quarter. Finally, EWG Elevate Inc. purchased a new stake in shares of Netflix in the fourth quarter valued at about $48,000. Hedge funds and other institutional investors own 77.26% of the company’s stock.

About Netflix

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Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and mobile games across various genres and languages. The company provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, television set-top boxes, and mobile devices.