Netflix Inc (NASDAQ: NFLX) has reported E.P.S. of $4.99 for its second fiscal quarter (ending June 30) versus $3.35 for the same period a year ago — an increase of 49%. Relative to the consensus estimate of $4.77, this was a premium of $0.22. For the latest four quarters through June 30, E.P.S. were $16.34 compared to $9.54 a year ago — an increase of 71%.
Recent Price Action
Netflix Inc (NASDAQ: NFLX) stock closed at $643.04 on 7/18/24 after a slight decline of -0.7%. Moreover, exceptionally high trading volume at 242% of normal accompanied the decline. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -5.1% during the last week.
Current PriceTarget Research Rating
NFLX is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Netflix has a current Value Trend Rating of B (Positive). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Netflix has a poor Appreciation Score of 29 but a very high Power Rating of 99, resulting in the Positive Value Trend Rating.
Rating Review
In light of this encouraging new earnings information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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