Stock Update: Netflix, Inc. (NASDAQ:NFLX) Continues to Expand

[Guru Focus] Television and video streaming website Netflix, Inc. (NASDAQ:NFLX) has come a long way since it was founded in 1997. The company is on its way to becoming a network in its own right with a slate of exclusive new, original content rolling out in the next year in addition to its already huge and diverse portfolio.

One of Netflix’s new shows, The Unbreakable Kimmy Schmidt, was originally slated to premier on NBC in the mid-fall season. However, Netflix announced last Friday that it acquired the series created by popular Saturday Night Live alumna Tina Fey and doubled its order from one season to two seasons. This is the fifth big series pickup that Netflix has made in the past two weeks.  Read the full article here.

Analysis

Netflix, Inc. (NASDAQ:NFLX) last released quarterly earnings on October 15th for the period ending September 30th 2014.  The company reported actual earnings per share of $0.96 against Zack’s Research estimate of $0.91.  This represents a 5.49% surprise upside to the expected number.

The average broker recommendation according to Zacks is 2.21 based on 29 recommendations. On a consensus basis, analysts have a short term target price of $412 and expect a long term growth rate of 21%. Out of 265 companies within the Internet Commerce industry, the company sits at 106. Zacks gives a current quarter EPS estimate of 0.44 and a Strong Sell rating of 5 which is based on short term performance over the next one to three months.  Of the companies included in the Zack’s consensus rating, 12 rate the stock a Strong Buy, 2 rate it a buy, 13 see it as a Hold, 1 a Sell and 1 a Strong Sell.

Profile

Netflix, Inc. (NASDAQ:NFLX) is an Internet television network with more than 44 million members in over 40 countries. Its members can watch as much as they want, anytime, anywhere, on nearly any Internet-connected screen. Members can play, pause and resume watching, all without commercials or commitments. Additionally, in the United States (U.S.), its members can receive digital versatile discs (DVDs) delivered quickly to their homes. The Company has three operating segments: Domestic streaming, International streaming and Domestic DVD. The Domestic and International streaming segments derive revenues from monthly membership fees for services consisting solely of streaming content. The Domestic DVD segment derives revenues from monthly membership fees for services consisting solely of DVD-by-mail. The Company focuses grow its streaming subscription business domestically and internationally.

 

Stock Update: Netflix, Inc. (NASDAQ:NFLX) Continues to Expand was last modified: November 28th, 2014 by Seth Talluto

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