Investors will be hoping for strength from NFLX
as it approaches its next earnings release, which is expected to be July 16,
2020. The company is expected to report EPS of $1.83, up 205% from the
prior-year quarter. Our most recent consensus estimate is calling for quarterly
revenue of $6.07 billion, up 23.37% from the year-ago period.
NFLX’s full-year Zacks Consensus Estimates are
calling for earnings of $6.43 per share and revenue of $24.73 billion. These
results would represent year-over-year changes in +55.69% and +22.69%,
respectively.
Any recent changes to analyst estimates for NFLX
should also be noted by investors. These recent revisions tend to reflect the
evolving nature of short-term business trends. As such, positive estimate
revisions reflect analyst optimism about the company’s business and
profitability.
Our research shows that these estimate changes
are directly correlated with near-term stock prices. We developed the Zacks
Rank to capitalize on this phenomenon. Our system takes these estimate changes
into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1
(Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track
record of outperformance, with #1 stocks generating an average annual return of
+25% since 1988. Within the past 30 days, our consensus EPS projection has
moved 0.04% higher. NFLX is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note NFLX’s current valuation
metrics, including its Forward P/E ratio of 71.26. For comparison, its industry
has an average Forward P/E of 7.19, which means NFLX is trading at a premium to
the group.
We can also see that NFLX currently has a PEG
ratio of 2.38. This popular metric is similar to the widely-known P/E ratio,
with the difference being that the PEG ratio also takes into account the
company’s expected earnings growth rate. The Broadcast Radio and Television
industry currently had an average PEG ratio of 0.65 as of yesterday’s close.
The Broadcast Radio and Television industry is
part of the Consumer Discretionary sector. This group has a Zacks Industry Rank
of 102, putting it in the top 41% of all 250+ industries.
The Zacks Industry Rank includes is listed in
order from best to worst in terms of the average Zacks Rank of the individual
companies within each of these sectors. Our research shows that the top 50%
rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these
metrics, and much more, on Zacks.com.
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