Netflix: Second Quarter Earnings Estimates

Netflix (NASDAQ: NFLX) will be reporting their second quarter financial results on July 20th after markets close. Analysts have a consensus $615.06 12-month price target on the company, via a total of 46 analysts, with 14 analysts having strong buy ratings.

22 analysts meanwhile have buy ratings, six have hold ratings, three analysts have sell ratings and one analyst has a strong sell rating. The street high comes from Elazar Advisors with a $1,154 price target, and the lowest target sits at $340 from Societe Generale.

33 analysts have revenue estimates for the second quarter. The company has guided for revenues of $7.302 billion. The mean between all 33 is $7.324 billion; this number has been revised upwards from $7.283 billion at the start of the year. The highest revenue estimate is $7.475 billion, while the lowest is $7.282 billion.

Onto EBITDA estimates, there are currently 25 analysts who have second-quarter EBITDA estimates. The mean is currently $2.016 billion, with this number having been revised up from $1.689 billion at the start of the year. Street high is a $2.054 billion EBITDA estimate and the lowest estimate is currently sitting at $1.994 billion.

Analysts estimate that quarterly earnings per share will come in at $3.15, with this number being revised up from $2.51 at the start of the year. Street high is $3.27 and the lowest estimate is $3.01 per share for the quarter.

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

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