For its first fiscal quarter (ending March 31), Netflix Inc (NASDAQ: NFLX) has reported E.P.S. of $5.40 compared to $2.93 a year ago. E.P.S. were $14.70 for the latest four quarters through March 31 versus $9.43 for the same period a year ago.
Recent Price Action
Netflix Inc (NASDAQ: NFLX) stock closed at $610.56 on 4/18/24 after a slight decline of -0.5%. Moreover, trading volume in this decline was exceptionally high at 250% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -1.3% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, NFLX is expected to continue to be a major Value Builder.
Netflix has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Netflix has a poor Appreciation Score of 26 but a very high Power Rating of 99, producing the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment