Netflix, Inc. Forecasted to Earn Q4 2024 Earnings of $3.82 Per Share (NASDAQ:NFLX)

Netflix, Inc. (NASDAQ:NFLX) – Equities research analysts at William Blair boosted 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 prior 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.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $9.28 billion. During the same quarter in the previous year, the firm earned $2.88 earnings per share. The firm’s quarterly revenue was up 14.8% on a year-over-year basis.

A number of other analysts have also recently weighed in on NFLX. Morgan Stanley raised their price objective on shares of Netflix from $600.00 to $700.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. Canaccord Genuity Group reissued a “hold” rating and set a $585.00 price objective (down previously from $720.00) on shares of Netflix in a report on Friday, April 19th. Barclays raised their price objective on shares of Netflix from $475.00 to $550.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. The Goldman Sachs Group raised their price objective on shares of Netflix from $500.00 to $565.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Finally, Rosenblatt Securities cut their price objective on shares of Netflix from $554.00 to $540.00 and set a “neutral” rating on the stock in a report on Friday, April 19th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $630.58.

Netflix Stock Up 4.2 %

Shares of Netflix stock opened at $577.75 on Monday. Netflix has a 52-week low of $315.62 and a 52-week high of $639.00. The company has a 50 day moving average of $606.05 and a 200 day moving average of $517.65. The company has a quick ratio of 1.12, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $248.95 billion, a P/E ratio of 40.09, a P/E/G ratio of 1.49 and a beta of 1.22.

Insiders Place Their Bets

In related news, CEO Gregory K. Peters sold 5,533 shares of the business’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $575.00, for a total value of $3,181,475.00. Following the sale, the chief executive officer now directly owns 13,090 shares in the company, valued at approximately $7,526,750. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Chairman Reed Hastings sold 20,734 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $567.16, for a total value of $11,759,495.44. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Gregory K. Peters sold 5,533 shares of the business’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $575.00, for a total transaction of $3,181,475.00. Following the completion of the sale, the chief executive officer now owns 13,090 shares in the company, valued at $7,526,750. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 160,106 shares of company stock worth $92,729,716. Corporate insiders own 2.45% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. BSW Wealth Partners raised its stake in Netflix by 23.0% in the 1st quarter. BSW Wealth Partners now owns 1,486 shares of the Internet television network’s stock valued at $902,000 after purchasing an additional 278 shares during the last quarter. Bfsg LLC raised its stake in Netflix by 37.3% in the 1st quarter. Bfsg LLC now owns 151 shares of the Internet television network’s stock valued at $92,000 after purchasing an additional 41 shares during the last quarter. Eads & Heald Wealth Management increased its stake in shares of Netflix by 48.8% during the 1st quarter. Eads & Heald Wealth Management now owns 2,372 shares of the Internet television network’s stock valued at $1,441,000 after acquiring an additional 778 shares during the last quarter. Global Retirement Partners LLC increased its stake in shares of Netflix by 6.8% during the 1st quarter. Global Retirement Partners LLC now owns 3,048 shares of the Internet television network’s stock valued at $1,851,000 after acquiring an additional 194 shares during the last quarter. Finally, Cookson Peirce & Co. Inc. increased its stake in shares of Netflix by 241.2% during the 1st quarter. Cookson Peirce & Co. Inc. now owns 5,636 shares of the Internet television network’s stock valued at $3,423,000 after acquiring an additional 3,984 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

About Netflix

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.