The video streaming company is expected to report an EPS of $0.07 for the third quarter of the year
Netflix is ready to report its earnings for the third quarter of the financial year on Wednesday, October 14 and the investor sentiments towards the stock of the company has come around to be overwhelmingly positive, given how the video streaming firm has managed to carry out such a successful business over a period of 12 months only, as the increase in the share value has come around at 130 percent, on a year over year basis. The estimates that have emerged from the analysts’ side are coming around to be $1,708.30 million on the lower side, whereas the higher estimates are made around a revenue of $1.766.90 million. The EPS of for the lower end is expected to be $0.07 while at the higher end; it could turn out to be $0.11.
Netflix has managed to work wonders, not only in the country, but also in other countries and regions such as South America, Australia, North America, and the United States and also in the Scandinavian countries, along with some of the Asian countries like Japan as well. This investment being made by the media company in all these parts of the world increases expectations for the return to be received from it in a bigger amount than what was previously being gained by the giant, which might just help to increase the revenue on the whole.
As for the consensus rating, around 46 Bloomberg analysts covered Netflix stock and 23 of them have granted a ‘buy’ rating to the giant, whereas 17 of them have given the company a ‘hold’ rating. The price target, on the other hand, has come out to be $118.62.