Stock Update (NASDAQ:NFLX): Netflix to Announce First-Quarter 2016 Financial Results

[PR Newswire] – LOS GATOS, Calif., March 16, 2016 /PRNewswire/ — Netflix, Inc. (NASDAQ: NFLX) today announced it will post its first-quarter 2016 financial results and business outlook on its investor relations website … Read more on this. Netflix, Inc. (NFLX) , valued at $42.53B, opened at $97.53. Looking at the stock, its one day range is $97.50 to $99.73 with the price of the stock fluctuating between $58.46 to $133.27 over the last 52 weeks. NFLX shares are currently priced at 376.38x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s -3.01x 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. In looking at the bigger picture, the full-year EPS estimate of $0.26 would be a $0.02 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. In terms of ratings, FBR Capital downgraded NFLX from Outperform to Mkt Perform (Feb 12, 2016). Previously, Piper Jaffray upgraded NFLX from Neutral to Overweight. When considering if the stock is under or overvalued, the average price target is $124.95, which is 28.11% above where the stock opened this morning. See more in (NASDAQ:NFLX) Similar Articles: Market Update (NASDAQ:NFLX): Will 2016 De-FANG Facebook, Amazon, Netflix, Google? 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?