William Blair Has Positive Forecast for Netflix Q4 Earnings

Netflix, Inc. (NASDAQ:NFLX) – Investment analysts at William Blair increased their Q4 2025 earnings per share (EPS) estimates for Netflix in a research note issued on Wednesday, October 22nd. William Blair analyst R. Schackart now expects that the Internet television network will post earnings of $5.45 per share for the quarter, up from their previous forecast of $5.18. The consensus estimate for Netflix’s current full-year earnings is $24.58 per share. William Blair also issued estimates for Netflix’s Q1 2026 earnings at $8.00 EPS, Q2 2026 earnings at $8.48 EPS, Q3 2026 earnings at $8.45 EPS, Q4 2026 earnings at $6.87 EPS and FY2026 earnings at $31.79 EPS.

Netflix (NASDAQ:NFLX) last announced its earnings results on Tuesday, October 21st. The Internet television network reported $5.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.88 by ($1.01). The firm had revenue of $11.51 billion during the quarter, compared to analyst estimates of $11.52 billion. Netflix had a net margin of 24.05% and a return on equity of 42.45%. The firm’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same period last year, the company earned $5.40 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS.

Several other analysts also recently commented on the company. Wall Street Zen downgraded Netflix from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. Needham & Company LLC reaffirmed a “buy” rating and set a $1,500.00 price objective on shares of Netflix in a report on Wednesday. The Goldman Sachs Group reduced their price objective on Netflix from $1,310.00 to $1,300.00 and set a “neutral” rating for the company in a report on Tuesday, September 30th. TD Cowen reduced their price objective on Netflix from $1,450.00 to $1,425.00 and set a “buy” rating for the company in a report on Tuesday, October 7th. Finally, Phillip Securities cut Netflix from a “hold” rating to a “strong sell” rating in a report on Monday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,341.22.

Netflix Stock Down 10.1%

NFLX opened at $1,116.37 on Thursday. The business has a 50 day moving average price of $1,212.43 and a two-hundred day moving average price of $1,182.04. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. The company has a market cap of $474.38 billion, a PE ratio of 46.63, a P/E/G ratio of 2.09 and a beta of 1.59. Netflix has a 52 week low of $744.26 and a 52 week high of $1,341.15.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of NFLX. Norges Bank acquired a new position in shares of Netflix in the second quarter worth about $7,929,645,000. Laurel Wealth Advisors LLC lifted its stake in shares of Netflix by 128,553.9% in the second quarter. Laurel Wealth Advisors LLC now owns 4,881,129 shares of the Internet television network’s stock worth $6,536,466,000 after acquiring an additional 4,877,335 shares in the last quarter. Nuveen LLC acquired a new position in shares of Netflix in the first quarter worth about $2,385,585,000. Kingstone Capital Partners Texas LLC increased its holdings in Netflix by 343,058.2% in the second quarter. Kingstone Capital Partners Texas LLC now owns 2,463,876 shares of the Internet television network’s stock valued at $3,299,450,000 after buying an additional 2,463,158 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in Netflix by 57.3% in the first quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network’s stock valued at $3,164,134,000 after buying an additional 1,236,251 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Spencer Adam Neumann sold 2,600 shares of Netflix stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $1,172.51, for a total value of $3,048,526.00. Following the completion of the sale, the chief financial officer owned 3,691 shares of the company’s stock, valued at $4,327,734.41. The trade was a 41.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gregory K. Peters sold 2,026 shares of Netflix stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the completion of the sale, the chief executive officer directly owned 12,781 shares of the company’s stock, valued at approximately $14,793,240.64. This represents a 13.68% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 104,100 shares of company stock valued at $122,710,980. 1.37% of the stock is currently owned by company insiders.

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.