Summary:
- Netflix (NFLX, Financial) is set to release Q1 earnings, anticipated at $5.68 EPS on $10.50 billion revenue.
- For the first time, Netflix will not disclose subscriber numbers, shifting focus from this key metric.
- Analysts suggest a potential 12.33% upside from the current stock price, with an "Outperform" consensus rating.
Shares of Netflix (NFLX) are catching significant attention as the company gears up to unveil its first-quarter earnings. Analysts are forecasting earnings of $5.68 per share on revenue amounting to $10.50 billion. In a noteworthy strategic change, Netflix will not provide subscriber numbers, marking a departure from a historically pivotal performance indicator. Year-to-date, Netflix shares have experienced a 7.9% increase.
Wall Street Analysts Forecast
The one-year price targets from 43 analysts reveal an average target price of $1,079.11 for Netflix Inc (NFLX, Financial), with projections ranging from a high of $1,494.00 to a low of $644.50. This average target price indicates a potential 12.33% upside from the current stock price of $960.63. For further details, visit the Netflix Inc (NFLX) Forecast page.
Reflecting positive sentiment, 49 brokerage firms have given Netflix Inc (NFLX, Financial) an average recommendation of 2.0, which falls under the "Outperform" category. The rating scale spans from 1 (Strong Buy) to 5 (Sell).
According to GuruFocus estimates, the one-year GF Value for Netflix Inc (NFLX, Financial) is $630.23. This suggests a potential downside of 34.39% from the current market price of $960.63. The GF Value represents GuruFocus' calculated estimate of the stock's fair trading value, derived from historical multiples and projected business performance. For a deeper dive into these insights, visit the Netflix Inc (NFLX) Summary page.
