Stock Update (NASDAQ:NFLX): How to Trade FANG Stocks as Netflix Reports Earnings — Plus Jim Cramer’s Take

[at TheStreet] – These technical charts will help you trade around the earnings reports for FANG stocks — Netflix, followed by Google’s Alphabet, Facebook, then Amazon. Read more on this. Netflix, Inc. (NFLX) , with a current value of $47.07B, started the session at $110.64. During today’s session, NFLX traded between $109.84 to $111.22 with its 52-week range being $78.89 to $133.27. NFLX shares are currently priced at 408.96x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 13.03x forward p/e ratio. Consensus earnings for the current quarter by the 35 sell-side analysts covering the stock is an estimate of $0.03 per share, which would be $0.02 worse than the year-ago quarter and a $0.01 sequential increase. Investors should also note that the full-year EPS estimate of $0.27 is a $0.01 setback 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, Atlantic Equities upgraded NFLX from Neutral to Overweight (Apr 1, 2016). Previously, FBR Capital downgraded NFLX from Outperform to Mkt Perform. The average price target for NFLX shares is $123.32, which is 11.46% above where the stock opened this morning. See more in (NASDAQ:NFLX) Similar Articles: Stock Update: Netflix Inc (NASDAQ:NFLX) – Netflix Caps Video Streams on AT&T, Verizon Customers (NFLX, T) 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