Netflix and Symantec Shares in Spotlight as Earnings Reports Approach

Netflix, Inc. (NYSE:NFLX) will unveil its latest earnings on Wednesday, January 25, 2012. The average estimate of analysts is for profit of 54 cents per share, a decline of 37.9% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $1.11. Between one and three months ago, the average estimate moved down. It also has dropped from 56 cents during the last month. Analysts are projecting profit to rise by 37.5% versus last year to $4.07.

The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 21 cents, reporting net income of $1.16 per share against a mean estimate of profit of 95 cents per share. On average, analysts predict $857.6 million in revenue this quarter, a rise of 43.9% from the year ago quarter. Analysts are forecasting total revenue of $3.19 billion for the year, a rise of 47.7% from last year’s revenue of $2.16 billion.

Competitors to Watch: Coinstar, Inc. (NASDAQ:CSTR), DISH Network Corp. (NASDAQ:DISH), Comcast Corporation (NASDAQ:CMCSA), Time Warner Inc. (NYSE:TWX), The Walt Disney Company (NYSE:DIS), Apple Inc. (NASDAQ:AAPL), Amazon.com, Inc. (NASDAQ:AMZN), Google Inc. (NASDAQ:GOOG), and Time Warner Cable Inc. (NYSE:TWC).

Symantec Corp (NASDAQ:SYMC) will unveil its latest earnings on Wednesday, January 25, 2012. The average estimate of analysts is for net income of 37 cents per share, a rise of 23.3% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 15.7% versus last year to $1.47.

For the past four quarters, the company has met expectations. Last quarter, the company reported profit of 34 cents per share to fall in step with the mean estimate. On average, analysts predict $1.71 billion in revenue this quarter, a rise of 6.9% from the year ago quarter. Analysts are forecasting total revenue of $6.78 billion for the year, a rise of 9.5% from last year’s revenue of $6.19 billion.

Competitors to Watch: Microsoft Corporation (NASDAQ:MSFT), Websense Inc. (NASDAQ:WBSN), Oracle Corporation (NASDAQ:ORCL), CA, Inc. (NASDAQ:CA), VMware, Inc. (NYSE:VMW), Intl. Business Machines Corp. (NYSE:IBM), Hewlett-Packard Company (NYSE:HPQ), Novell, Inc. (NASDAQ:NOVL), Guidance Software, Inc. (NASDAQ:GUID), and Intel Corporation (NASDAQ:INTC).