Is Netflix (NFLX) a Buy Heading into its Upcoming Earnings Announcement? (2024)

FAQs

What is the earnings prediction for NFLX? ›

NFLX Financial Forecast

Next quarter's earnings estimate for NFLX is $4.74 with a range of $4.51 to $5.05. The previous quarter's EPS was $5.28. NFLX beat its EPS estimate 75.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 54.32% of the time in the same period.

For the current quarter, Netflix forecast earnings of $4.68 a share on sales of $9.49 billion. Wall Street was looking for earnings of $4.54 a share on sales of $9.52 billion in the second quarter. Netflix's guidance would translate to year-over-year growth of 42% in earnings and 16% in sales.

Stock Price Forecast

The 32 analysts with 12-month price forecasts for Netflix stock have an average target of 624.53, with a low estimate of 370 and a high estimate of 800. The average target predicts a decrease of -7.59% from the current stock price of 675.83.

Nowadays, Netflix is a sign of financial prowess, indicated by its ability to produce sizable profits. The company generated a 21% operating margin last year, with management forecasting a 25% margin in 2024. These figures are up considerably from the operating margin of 10% reported in 2018.

Netflix, Inc. - Buy. Zacks' proprietary data indicates that Netflix, Inc. is currently rated as a Zacks Rank 1 and we are expecting an above average return from the NFLX shares relative to the market in the next few months.

Netflix stock price stood at $675.83

According to the latest long-term forecast, Netflix price will hit $700 by the end of 2024 and then $1000 by the end of 2025. Netflix will rise to $1100 within the year of 2026, $1200 in 2027, $1400 in 2028, $1600 in 2029, $1700 in 2030, $1800 in 2031 and $2000 in 2034.

The Zacks Consensus Estimate for NFLX's 2024 streaming revenues is pegged at $39.04 billion, indicating 15% growth from the year-ago levels. The consensus mark for earnings is pegged at $18.31 per share, indicating 52.2% growth from the year-earlier actuals.

So, if you had invested in Netflix ten years ago, you're likely feeling pretty good about your investment today. A $1000 investment made in March 2014 would be worth $9,728.72, or a gain of 872.87%, as of March 4, 2024, according to our calculations. This return excludes dividends but includes price appreciation.

What will Netflix stock be in 2025? ›

Historical daily share price chart and data for Netflix since 2002 adjusted for splits and dividends. The latest closing stock price for Netflix as of June 17, 2024 is 675.83. The all-time high Netflix stock closing price was 691.69 on November 17, 2021.

What is NFLX EPS forecast? NFLX EPS forecast for the fiscal quarter 2024 (Q2) is $4.74.

As of today (2024-06-03), Netflix's share price is $633.97. Netflix's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2024 was $14.41. Therefore, Netflix's PE Ratio for today is 44.00.

Historical dividend payout and yield for Netflix (NFLX) since 1971. The current TTM dividend payout for Netflix (NFLX) as of June 07, 2024 is $0.00. The current dividend yield for Netflix as of June 07, 2024 is 0.00%. Netflix is considered a pioneer in the streaming space.