Tag Archives: nflx

Netflix Stock Is Near A Buy Point As Q1 Earnings Loom

Netflix (NFLX) reports first-quarter results after the market close. The streaming media giant is expected to report a 20% earnings per share decline to 69 cents, its second straight year-over-year drop. But Netflix shares have been on a tear and are near a possible buy point. Analysts expect Netflix subscriber growth of 1.8 million in the U.S. and 2.26 million overseas. That would push total streaming subscribers above 60 million, but would be a

Netflix stock gets price target hikes ahead of Q1 earnings

With Netflix (NFLX) putting the pedal to the metal on its global expansion, profits are taking a back seat to subscriber growth. Analysts will be focused on net new subscribers when the on-demand Internet television service reports its Q1 earnings after the market close on Wednesday. Canaccord Genuity analyst Gregory Miller on Monday reiterated his buy rating on Netflix stock and raised his price target to 530 from 450, based on the company’s long-term growth potential. Miller also lowered his earnings estimates for Netflix in light of the company’s accelerated global rollout. Netflix plans to complete its global rollout by the end of 2016. “While we agree with

Netflix Q1 earnings, possible stock split excite investors

Netflix (NFLX) stock is surging ahead of its first-quarter earnings report on talk of a possible stock split. Netflix shares gapped up for the second straight trading session Monday after the streaming video company’s announcement Friday that it plans to increase its share authorization. Netflix was up 6% to near 483 in midday trading on the stock market today. It’s approaching record high territory again. Netflix hit an all-time high of 489.29 on Sept. 9. In a filing Friday with the Securities and Exchange Commission, Netflix said that it will seek shareholder permission in June to increase its share authorization to 5 billion shares from 170 million. The measure could indicate that the company is planning for a stock split. Netflix is scheduled to report is Q1 earnings after the market close Wednesday. Analysts polled by Thomson Reuters expect the company to earn 69 cents…