Company Update (NASDAQ:NFLX): Families Around The World Will Come Together with BEAT BUGS, the Netflix Original Series for Kids Inspired By The Music Of The Beatles

[PR Newswire] – LOS ANGELES, Feb. 10, 2016 /PRNewswire/ — Netflix, Grace: A Storytelling Company (Grace), Thunderbird and Beyond Screen Production announced today that the highly anticipated children’s series BEAT BUGS will come to Netflix this summer. BEAT BUGS features original characters and a world created by Josh Wakely, who will direct, write and produce the series, following a deal with Sony/ATV Music Publishing for worldwide rights to record covers of the Beatles song catalogue for this production. Australian Netflix members will be able to enjoy the series on Netflix soon after its premier on Seven Network. Read more on this. Netflix, Inc. (NFLX) , with a current value of $38.70B, opened this morning at $88.73. Today, shares have traded between $87.42 and $92.21 per share and has traded between $58.46 and $133.27 over the past 12 months. NFLX shares are currently priced at 333.28x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s -1.79x earnings multiple. According to a consensus of 35 analysts, the earnings estimate of $0.04 per share would be $0.01 worse than the year-ago quarter and a $0.01 sequential increase. What we find to be interesting is 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 predicated on a consensus revenue forecast of $1.97 Billion. If reported, that would be a 25.48% increase over the year-ago quarter. Recently, Piper Jaffray upgraded NFLX from Neutral to Overweight (Feb 2, 2016). Previously, Drexel Hamilton Initiated NFLX at to Buy. Given all the information above, we should disclose to readers that the average price target is $125.83, which is 41.81% above than it opened this morning. See more in (NASDAQ:NFLX) Similar Articles: Market Update: Netflix Inc (NASDAQ:NFLX) – Finding Value in Flicks– Netflix, Liberty Global, Cablevision Systems, and Liberty Global Company Update: Netflix Inc (NASDAQ:NFLX) – PewDiePie, others set to star in YouTube’s first original shows Stock Update (NASDAQ:NFLX): Netflix Adds Seven New Original Series For Older Kids Bringing Its Global Original Line Up To More Than 35 Series For Kids Of All Ages