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Netflix (NFLX) Stock Moves -1.34%: What You Should Know
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Netflix (NFLX - Free Report) closed at $266.98 in the latest trading session, marking a -1.34% move from the prior day. This change was narrower than the S&P 500's daily loss of 1.82%. At the same time, the Dow lost 2.21%, and the tech-heavy Nasdaq lost 1.7%.
Prior to today's trading, shares of the internet video service had lost 17.89% over the past month. This has lagged the Consumer Discretionary sector's loss of 3.95% and the S&P 500's loss of 2.57% in that time.
Wall Street will be looking for positivity from NFLX as it approaches its next earnings report date. This is expected to be January 28, 2019. In that report, analysts expect NFLX to post earnings of $0.24 per share. This would mark a year-over-year decline of 41.46%. Our most recent consensus estimate is calling for quarterly revenue of $4.21 billion, up 28.01% from the year-ago period.
NFLX's full-year Zacks Consensus Estimates are calling for earnings of $2.63 per share and revenue of $15.84 billion. These results would represent year-over-year changes of +110.4% and +35.5%, respectively.
Investors should also note any 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.07% higher. NFLX is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, NFLX currently has a Forward P/E ratio of 102.94. This valuation marks a premium compared to its industry's average Forward P/E of 14.07.
Meanwhile, NFLX's PEG ratio is currently 3.43. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Broadcast Radio and Television industry currently had an average PEG ratio of 0.87 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 89, putting it in the top 35% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Netflix (NFLX) Stock Moves -1.34%: What You Should Know
Netflix (NFLX - Free Report) closed at $266.98 in the latest trading session, marking a -1.34% move from the prior day. This change was narrower than the S&P 500's daily loss of 1.82%. At the same time, the Dow lost 2.21%, and the tech-heavy Nasdaq lost 1.7%.
Prior to today's trading, shares of the internet video service had lost 17.89% over the past month. This has lagged the Consumer Discretionary sector's loss of 3.95% and the S&P 500's loss of 2.57% in that time.
Wall Street will be looking for positivity from NFLX as it approaches its next earnings report date. This is expected to be January 28, 2019. In that report, analysts expect NFLX to post earnings of $0.24 per share. This would mark a year-over-year decline of 41.46%. Our most recent consensus estimate is calling for quarterly revenue of $4.21 billion, up 28.01% from the year-ago period.
NFLX's full-year Zacks Consensus Estimates are calling for earnings of $2.63 per share and revenue of $15.84 billion. These results would represent year-over-year changes of +110.4% and +35.5%, respectively.
Investors should also note any 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.07% higher. NFLX is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, NFLX currently has a Forward P/E ratio of 102.94. This valuation marks a premium compared to its industry's average Forward P/E of 14.07.
Meanwhile, NFLX's PEG ratio is currently 3.43. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Broadcast Radio and Television industry currently had an average PEG ratio of 0.87 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 89, putting it in the top 35% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.