Company Update (NASDAQ:NFLX): Netflix to Announce Second-Quarter 2016 Financial Results

[PR Newswire] – LOS GATOS, Calif., June 17, 2016 /PRNewswire/ — Netflix, Inc. (NASDAQ: NFLX) today announced it will post its second-quarter 2016 financial results and business outlook on its investor relations website … Read more on this. Netflix, Inc. (NFLX) , currently valued at $40.44B, opened this morning at $95.75. Looking at the equity, the company’s one day range is $94.20 to $95.77 with a trailing 52-week range being $79.95 to $133.27. NFLX shares are currently priced at 353.48x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s -0.38x forward p/e ratio. According to a consensus of 34 analysts, the earnings estimate of $0.02 per share would be $0.04 worse than the year-ago quarter and a $0.03 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $0.27, which would be a $0.01 setback when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.11 Billion. If reported, that would be a 28.66% increase over the year-ago quarter. More recently, Atlantic Equities upgraded NFLX from Neutral to Overweight (Apr 1, 2016). Previously, FBR Capital downgraded NFLX from Outperform to Mkt Perform. The average price target for NFLX shares by the analysts covering the stock is $117.41, which is 22.62% above where the stock opened this morning. See more in (NASDAQ:NFLX) Similar Articles: Company Update: Netflix Inc (NASDAQ:NFLX) – Netflix Didn’t Violate Net Neutrality Rules, Says FCC (NFLX, VZ) Stock Update: Netflix Inc (NASDAQ:NFLX) – Netflix Caps Video Streams on AT&T, Verizon Customers (NFLX, T) Stock Update (NASDAQ:NFLX): Netflix to Announce First-Quarter 2016 Financial Results