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Netflix (NFLX) Stock Moves -1.51%: What You Should Know
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Netflix (NFLX - Free Report) closed the most recent trading day at $262.80, moving -1.51% from the previous trading session. This move was narrower than the S&P 500's daily loss of 2.08%. Meanwhile, the Dow lost 2.11%, and the Nasdaq, a tech-heavy index, lost 2.27%.
Coming into today, shares of the internet video service had lost 8.01% in the past month. In that same time, the Consumer Discretionary sector lost 4.48%, while the S&P 500 lost 3.6%.
NFLX will be looking to display strength as it nears its next earnings release, which is expected to be January 28, 2019. The company is expected to report EPS of $0.25, down 39.02% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $4.21 billion, up 28.05% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.63 per share and revenue of $15.81 billion, which would represent changes of +110.4% and +35.24%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for NFLX. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.1% higher. NFLX currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that NFLX has a Forward P/E ratio of 101.46 right now. This valuation marks a premium compared to its industry's average Forward P/E of 12.85.
Investors should also note that NFLX has a PEG ratio of 3.38 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Broadcast Radio and Television industry currently had an average PEG ratio of 0.97 as of yesterday's close.
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 102, putting it in the top 40% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow NFLX in the coming trading sessions, be sure to utilize Zacks.com.
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Netflix (NFLX) Stock Moves -1.51%: What You Should Know
Netflix (NFLX - Free Report) closed the most recent trading day at $262.80, moving -1.51% from the previous trading session. This move was narrower than the S&P 500's daily loss of 2.08%. Meanwhile, the Dow lost 2.11%, and the Nasdaq, a tech-heavy index, lost 2.27%.
Coming into today, shares of the internet video service had lost 8.01% in the past month. In that same time, the Consumer Discretionary sector lost 4.48%, while the S&P 500 lost 3.6%.
NFLX will be looking to display strength as it nears its next earnings release, which is expected to be January 28, 2019. The company is expected to report EPS of $0.25, down 39.02% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $4.21 billion, up 28.05% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.63 per share and revenue of $15.81 billion, which would represent changes of +110.4% and +35.24%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for NFLX. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.1% higher. NFLX currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that NFLX has a Forward P/E ratio of 101.46 right now. This valuation marks a premium compared to its industry's average Forward P/E of 12.85.
Investors should also note that NFLX has a PEG ratio of 3.38 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Broadcast Radio and Television industry currently had an average PEG ratio of 0.97 as of yesterday's close.
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 102, putting it in the top 40% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow NFLX in the coming trading sessions, be sure to utilize Zacks.com.