Netflix: Analysts Call For Q2 Revenues Of $8.0 Billion

Netflix (NASDAQ: NFLX) will be reporting its second quarter financial results on July 19 after markets close. Analysts have a consensus $283.18 12-month price target on the company, via a total of 47 analysts, with 7 analysts having strong buy ratings.

5 analysts meanwhile have buy ratings, 29 have hold ratings, 5 analysts have sell ratings, and one analyst has a strong sell rating. The street high comes from KGI Greater China with a $735 price target, and the lowest target sits at $150 from Macquarie Research.

32 analysts have revenue estimates for the second quarter. The company has guided for revenues of $8 billion. The mean between all 32 is $8 billion; this number has been revised downwards from $8.35 billion at the start of the year. The highest revenue estimate is $8.15 billion, while the lowest is $7.84 billion.

Onto EBITDA estimates, there are currently 23 analysts who have second-quarter EBITDA estimates. The mean is currently $1.89 billion, with this number having been revised down from $2.25 billion at the start of the year. Street high is a $1.99 billion EBITDA estimate, and the lowest estimate is currently sitting at $1.66 billion.

Analysts estimate that quarterly earnings per share will come in at $2.95, with this number being revised down from $3.62 at the start of the year. Street high is $3.33, and the lowest estimate is $2.57 per share for the quarter.


Information for this briefing was found via Sedar and Refinitiv. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

2026 Could Be Gold’s Biggest Year Yet!? | Ryan King – Equinox Gold

Gold Is Screaming Higher While Currencies Burn | Simon Ridgway – Rackla Metals

We Have the Highest-Grade Antimony Deposit in North America!? | Jim Atkinson -Antimony Resources

Recommended

Canadian Copper Secures $8 Million Lead Order From Ocean Partners As Part Of Larger Funding Round

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Related News

Silvercorp Metals: Bank of Montreal Raises Revenues Estimates, Price Target Following Earnings Beat

On Friday, Silvercorp Metals (TSX: SVM) reported their first quarter of fiscal 2021 with revenue...

Monday, August 10, 2020, 05:42:00 PM

Alamos Gold: BMO Production Estimates For Q4 Comes In High

On January 17th, Alamos Gold Inc. (TSX: AGI) reported its fourth quarter and full-year production...

Sunday, February 6, 2022, 11:13:00 AM

Netflix Moves to Block Password Sharing — Here’s What You Should Know

After months of speculation, and without an official announcement — at least not yet —...

Thursday, February 2, 2023, 02:20:00 PM

Cronos Group: Canaccord, PI Reiterate Ratings, Adjust Revenue Estimates

Cronos Group (TSX: CRON) (NASDAQ: CRON) reported its second quarter financials on August 6 pre-market,...

Sunday, August 9, 2020, 04:20:00 PM

Green Thumb: Analyst Consensus Estimates For Q3 2021

Green Thumb Industries (CSE: GTII) announced that they will be reporting their third quarter financials...

Wednesday, November 10, 2021, 12:48:40 PM