Seaport Res Ptn Issues Negative Outlook for Netflix Earnings

Netflix, Inc. (NASDAQ:NFLX) – Equities researchers at Seaport Res Ptn lowered their Q4 2024 earnings estimates for shares of Netflix in a report issued on Wednesday, January 15th. Seaport Res Ptn analyst D. Joyce now anticipates that the Internet television network will post earnings of $4.22 per share for the quarter, down from their previous forecast of $4.25. Seaport Res Ptn has a “Strong-Buy” rating on the stock. The consensus estimate for Netflix’s current full-year earnings is $19.78 per share. Seaport Res Ptn also issued estimates for Netflix’s Q2 2025 earnings at $5.99 EPS and FY2026 earnings at $28.36 EPS.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, topping analysts’ consensus estimates of $5.09 by $0.31. The company had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%.

A number of other research analysts have also weighed in on the stock. Argus raised their target price on shares of Netflix from $840.00 to $1,040.00 and gave the company a “buy” rating in a report on Monday, January 6th. Barclays increased their price objective on shares of Netflix from $550.00 to $715.00 and gave the company an “underweight” rating in a research report on Tuesday. Evercore ISI boosted their target price on shares of Netflix from $775.00 to $950.00 and gave the stock an “outperform” rating in a report on Monday, December 2nd. Guggenheim increased their price target on shares of Netflix from $825.00 to $950.00 and gave the company a “buy” rating in a report on Monday, January 13th. Finally, KeyCorp lifted their price target on Netflix from $760.00 to $785.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $845.06.

Netflix Stock Performance

NASDAQ NFLX opened at $858.10 on Friday. The stock has a market capitalization of $366.80 billion, a PE ratio of 48.56, a P/E/G ratio of 1.35 and a beta of 1.27. Netflix has a 1-year low of $476.06 and a 1-year high of $941.75. The business has a 50 day simple moving average of $883.32 and a two-hundred day simple moving average of $757.20. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13.

Hedge Funds Weigh In On Netflix

A number of large investors have recently bought and sold shares of the business. Cerro Pacific Wealth Advisors LLC lifted its stake in shares of Netflix by 3.7% during the 4th quarter. Cerro Pacific Wealth Advisors LLC now owns 971 shares of the Internet television network’s stock worth $865,000 after purchasing an additional 35 shares during the last quarter. FCG Investment Co raised its holdings in Netflix by 9.2% in the fourth quarter. FCG Investment Co now owns 2,325 shares of the Internet television network’s stock worth $2,072,000 after purchasing an additional 195 shares in the last quarter. Yeomans Consulting Group Inc. lifted its position in shares of Netflix by 39.7% during the fourth quarter. Yeomans Consulting Group Inc. now owns 704 shares of the Internet television network’s stock valued at $627,000 after buying an additional 200 shares during the last quarter. Donoghue Forlines LLC boosted its holdings in shares of Netflix by 6.5% in the 4th quarter. Donoghue Forlines LLC now owns 2,279 shares of the Internet television network’s stock valued at $2,031,000 after buying an additional 139 shares in the last quarter. Finally, Goldstein Advisors LLC grew its position in shares of Netflix by 20.0% in the 4th quarter. Goldstein Advisors LLC now owns 511 shares of the Internet television network’s stock worth $455,000 after buying an additional 85 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Insiders Place Their Bets

In related news, insider David A. Hyman sold 267 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total value of $204,433.89. Following the completion of the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at $24,202,828.70. This represents a 0.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard N. Barton sold 5,698 shares of the firm’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $756.00, for a total transaction of $4,307,688.00. Following the transaction, the director now directly owns 246 shares in the company, valued at $185,976. This trade represents a 95.86 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 152,198 shares of company stock worth $127,616,898 in the last ninety days. 1.76% of the stock is owned by company insiders.

Netflix Company Profile

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.