Company Update: Netflix Inc (NASDAQ:NFLX) – PewDiePie, others set to star in YouTube’s first original shows

[Reuters] – Other YouTube stars such as comedian Lilly Singh and comedy producer Rooster Teeth and teen network Awesomeness TV will be involved in full-length movies that will premiere on YouTube Red on Feb. 10. The original movies and show are part of Google parent Alphabet Inc’s (GOOGL.O) efforts to offer more to customers on YouTube Red, the $10-a-month service that allows viewers to watch videos across YouTube without ad breaks. The move will pit YouTube against video streaming pioneer Netflix (NFLX.O), whose standard plan in the United States also costs $10 per month. Read more on this. Netflix, Inc. (NFLX) , valued at $38.84B, started the session at $92.53. Shares have traded today between $86.14 and $92.69 per share with a trailing 52-week range being $58.46 to $133.27. NFLX shares are currently priced at 365.96x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s -1.79x earnings multiple for the same period. In a review of the consensus earnings estimate this quarter, 34 sell-side analysts are looking at $0.04 per share, which would be $0.01 worse than the year-ago quarter and a $0.01 sequential increase. Investors should also note that the full-year EPS estimate of $0.25 is a $0.03 worse when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $1.97 Billion. If realized, that would be a 25.48% increase over the year-ago quarter. More recently, Piper Jaffray upgraded NFLX from Neutral to Overweight (Feb 2, 2016). Previously, Drexel Hamilton Initiated NFLX at to Buy. Investors should keep in mind is that the average price target is $126.12, which is 36.30% above where the stock opened this morning. See more in (NASDAQ:NFLX) Similar Articles: Market Update: Netflix Inc (NASDAQ:NFLX) – [$$] If Netflix Sinks or Soars, This Trade Will Pay Off Company Update: Netflix Inc (NASDAQ:NFLX) – Did You Experience The Netflix Outage? Company Update: Netflix Inc (NASDAQ:NFLX) – Jim Cramer Answers Tweets on Netflix, PepsiCo, Twitter and More