Jefferies Financial Group Weighs in on Netflix, Inc.’s Q3 2022 Earnings (NASDAQ:NFLX)

Netflix, Inc. (NASDAQ:NFLXGet Rating) – Equities research analysts at Jefferies Financial Group upped their Q3 2022 earnings per share estimates for Netflix in a note issued to investors on Wednesday, September 7th. Jefferies Financial Group analyst A. Uerkwitz now forecasts that the Internet television network will earn $2.11 per share for the quarter, up from their previous estimate of $2.04. The consensus estimate for Netflix’s current full-year earnings is $10.04 per share. Jefferies Financial Group also issued estimates for Netflix’s FY2022 earnings at $10.66 EPS, FY2024 earnings at $13.71 EPS, FY2025 earnings at $17.39 EPS and FY2026 earnings at $22.61 EPS.

A number of other research firms have also recently issued reports on NFLX. Cfra cut Netflix from a “hold” rating to a “sell” rating and cut their price objective for the company from $245.00 to $238.00 in a research report on Monday, August 22nd. Guggenheim reduced their price objective on shares of Netflix from $350.00 to $265.00 and set a “buy” rating for the company in a research report on Thursday, June 2nd. Truist Financial dropped their price objective on shares of Netflix from $300.00 to $210.00 and set a “hold” rating on the stock in a research report on Thursday, June 30th. Credit Suisse Group reduced their target price on shares of Netflix from $350.00 to $263.00 and set a “neutral” rating for the company in a report on Wednesday, July 20th. Finally, Wedbush raised shares of Netflix from a “neutral” rating to an “outperform” rating and set a $280.00 price target on the stock in a report on Monday, May 16th. Six analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Netflix presently has a consensus rating of “Hold” and a consensus price target of $308.74.

Netflix Trading Up 2.7 %

Netflix stock opened at $233.57 on Friday. The stock has a 50-day simple moving average of $218.64 and a 200 day simple moving average of $248.68. The stock has a market capitalization of $103.87 billion, a P/E ratio of 20.76, a PEG ratio of 1.58 and a beta of 1.34. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.05 and a current ratio of 1.05. Netflix has a 52 week low of $162.71 and a 52 week high of $700.99.

Netflix (NASDAQ:NFLXGet Rating) last announced its quarterly earnings results on Tuesday, July 19th. The Internet television network reported $3.20 EPS for the quarter, beating analysts’ consensus estimates of $2.96 by $0.24. The firm had revenue of $7.97 billion during the quarter, compared to analysts’ expectations of $8.03 billion. Netflix had a net margin of 16.42% and a return on equity of 30.07%. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter last year, the company posted $2.97 earnings per share.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of NFLX. Qube Research & Technologies Ltd acquired a new position in shares of Netflix during the fourth quarter worth $28,659,000. Paradigm Financial Partners LLC increased its holdings in Netflix by 613.5% in the 4th quarter. Paradigm Financial Partners LLC now owns 4,074 shares of the Internet television network’s stock worth $2,203,000 after purchasing an additional 3,503 shares in the last quarter. Acadian Asset Management LLC raised its position in Netflix by 24.9% in the fourth quarter. Acadian Asset Management LLC now owns 16,287 shares of the Internet television network’s stock valued at $9,809,000 after purchasing an additional 3,252 shares during the last quarter. WealthShield Partners LLC acquired a new stake in shares of Netflix during the fourth quarter valued at about $237,000. Finally, Rafferty Asset Management LLC grew its holdings in shares of Netflix by 46.2% during the fourth quarter. Rafferty Asset Management LLC now owns 18,983 shares of the Internet television network’s stock worth $11,436,000 after purchasing an additional 6,001 shares during the last quarter. Institutional investors own 75.52% of the company’s stock.

About Netflix

(Get Rating)

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.

Further Reading

Earnings History and Estimates for Netflix (NASDAQ:NFLX)

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