Stock Update: Netflix Inc (NASDAQ:NFLX) – Must-See Charts for Trading Alphabet and Netflix Amid Earnings Volatility

[at TheStreet] – FANG stocks are known for their extreme volatility in reaction to earnings. Here’s how to trade Google and Netflix smartly. Read more on this. Netflix, Inc. (NFLX) , valued at $40.83B, opened at $97.31. Looking at today’s trading action, the company’s one day range from $95.05 to $97.38 and has traded between $78.89 and $133.27 over the past year. Netflix (NFLX) shares are currently priced at 345.61x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 15.38x earnings multiple for the same period. In a review of the consensus earnings estimate this quarter, 36 sell-side analysts are looking at $0.03 per share, which would be $0.03 worse than the year-ago quarter and a $0.01 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $0.28 is a $0.00 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 $2.11 Billion. If realized, that would be a 28.66% increase over the year-ago quarter. More recently, Atlantic Equities upgraded NFLX from Neutral to Overweight (Apr 1, 2016). Previously, FBR Capital downgraded NFLX from Outperform to Mkt Perform. With the above information in mind, readers should note that the average price target is $118.17, which is 21.44% above where the stock opened this morning. See more in (NASDAQ:NFLX) Similar Articles: Company Update: Netflix Inc (NASDAQ:NFLX) – Netflix Didn’t Violate Net Neutrality Rules, Says FCC (NFLX, VZ) Stock Update: Netflix Inc (NASDAQ:NFLX) – Netflix Caps Video Streams on AT&T, Verizon Customers (NFLX, T) Market Update: Netflix Inc (NASDAQ:NFLX) – [$$] Smartphone Stars: Netflix, Facebook and Alphabet
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