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.

Leave a Reply