Netflix (NFLX - Free Report) closed the most recent trading day at $367.72, moving +0.21% from the previous trading session. The stock outpaced the S&P 500's daily of 0%. At the same time, the Dow lost 0.3%, and the tech-heavy Nasdaq gained 0.25%.
Prior to today's trading, shares of the internet video service had gained 4.54% over the past month. This has outpaced the Consumer Discretionary sector's of 0% and the S&P 500's gain of 2.36% in that time.
Investors will be hoping for strength from NFLX as it approaches its next earnings release, which is expected to be April 16, 2019. The company is expected to report EPS of $0.57, down 10.94% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.49 billion, up 21.41% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.98 per share and revenue of $20.20 billion. These totals would mark changes of +48.51% and +27.92%, respectively, from last year.
Any recent changes to analyst estimates for NFLX should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 0.38% lower. NFLX currently has a Zacks Rank of #3 (Hold).
In terms of valuation, NFLX is currently trading at a Forward P/E ratio of 92.14. Its industry sports an average Forward P/E of 17.12, so we one might conclude that NFLX is trading at a premium comparatively.
Meanwhile, NFLX's PEG ratio is currently 3.07. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Broadcast Radio and Television industry currently had an average PEG ratio of 1.08 as of yesterday's close.
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 56, which puts it in the top 22% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.