Q4 2024 EPS Estimates for Netflix, Inc. (NASDAQ:NFLX) Lifted by William Blair

Netflix, Inc. (NASDAQ:NFLX) – Equities researchers at William Blair upped their Q4 2024 earnings estimates for Netflix in a note issued to investors on Friday, April 19th. William Blair analyst R. Schackart now anticipates that the Internet television network will post earnings of $3.82 per share for the quarter, up from their previous forecast of $3.69. The consensus estimate for Netflix’s current full-year earnings is $17.13 per share. William Blair also issued estimates for Netflix’s Q2 2025 earnings at $5.64 EPS and Q3 2025 earnings at $5.19 EPS.

A number of other analysts have also weighed in on NFLX. UBS Group upped their target price on shares of Netflix from $570.00 to $685.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th. Loop Capital upped their target price on shares of Netflix from $585.00 to $700.00 and gave the stock a “buy” rating in a report on Monday, March 18th. The Goldman Sachs Group upped their target price on shares of Netflix from $500.00 to $565.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Needham & Company LLC raised shares of Netflix from a “hold” rating to a “buy” rating and set a $700.00 target price on the stock in a report on Friday. Finally, Macquarie upped their target price on shares of Netflix from $595.00 to $685.00 and gave the stock an “outperform” rating in a report on Tuesday, April 16th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-two have given a buy rating to the company. According to MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and an average price target of $630.58.

Netflix Stock Performance

Netflix stock opened at $554.60 on Monday. The firm’s 50 day simple moving average is $605.58 and its 200 day simple moving average is $516.27. The company has a current ratio of 1.07, a quick ratio of 1.12 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $238.98 billion, a PE ratio of 38.49, a price-to-earnings-growth ratio of 1.49 and a beta of 1.22. Netflix has a 1-year low of $315.62 and a 1-year high of $639.00.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.51 by $0.77. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The company had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.28 billion. During the same quarter in the previous year, the firm posted $2.88 earnings per share. The company’s quarterly revenue was up 14.8% compared to the same quarter last year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. boosted its holdings in Netflix by 1.5% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 143,394 shares of the Internet television network’s stock worth $87,087,000 after buying an additional 2,120 shares during the period. Bristlecone Advisors LLC boosted its holdings in Netflix by 2.2% in the 1st quarter. Bristlecone Advisors LLC now owns 7,097 shares of the Internet television network’s stock worth $4,310,000 after buying an additional 155 shares during the period. Strategic Financial Concepts LLC bought a new position in Netflix in the 1st quarter worth $221,000. Confluence Wealth Services Inc. boosted its holdings in Netflix by 3.8% in the 1st quarter. Confluence Wealth Services Inc. now owns 2,187 shares of the Internet television network’s stock worth $1,328,000 after buying an additional 81 shares during the period. Finally, Byrne Asset Management LLC boosted its holdings in Netflix by 111.4% in the 1st quarter. Byrne Asset Management LLC now owns 241 shares of the Internet television network’s stock worth $146,000 after buying an additional 127 shares during the period. Institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In other news, Director Jay C. Hoag sold 47,000 shares of the company’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $550.50, for a total value of $25,873,500.00. Following the completion of the sale, the director now directly owns 431,034 shares in the company, valued at approximately $237,284,217. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Jay C. Hoag sold 47,000 shares of the company’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $550.50, for a total value of $25,873,500.00. Following the completion of the sale, the director now directly owns 431,034 shares in the company, valued at approximately $237,284,217. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David A. Hyman sold 47,574 shares of the company’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $537.92, for a total value of $25,591,006.08. Following the completion of the sale, the insider now owns 31,610 shares of the company’s stock, valued at $17,003,651.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 268,335 shares of company stock worth $151,619,811. Insiders own 2.45% of the company’s stock.

Netflix Company Profile

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.