Netflix Earnings: Here’s Why Investors are Buying Shares Now
Netflix, Inc. (NASDAQ:NFLX) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 24.36%.
Netflix, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $0.31 in the quarter versus EPS of $-0.08 in the year-earlier quarter.
Revenue: Rose 17.73% to $1.02 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Netflix, Inc. reported adjusted EPS income of $0.31 per share. By that measure, the company beat the mean analyst estimate of $0.18. It beat the average revenue estimate of $1.02 billion.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…
Revenue increased 8.33% from $945.24 million in the previous quarter. EPS increased 138.46% from $0.13 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.09 to a profit $0.29. For the current year, the average estimate has moved up from a profit of $0.4 to a profit of $1.32 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)