Published: Thu, January 19, 2017
Sci-tech | By Jose Becker

Netflix Shares Soar 8% On Subscriber Surprise


In midday trading, Netflix shares were down a fraction, near 132.75.

Fresh from winning a Golden Globe Award for best dramatic TV series with "The Crown, "Netflix (NFLX) hopes to keep the plaudits coming with its fourth-quarter earnings report, due out after the market close Wednesday". The 52 week high share price is 133.93 United States dollars while the year low stock price is now 79.95 USD. The High end of the Estimate is $2.7 Billion, while the Low end of the Estimate is $2.39 Billion.

They expect $0.13 EPS, up 46.15% or $0.06 from last year's $0.07 per share.

Earnings reaction history indicates that share price went down 15 times out of last 28 quarters. The growth estimate for the next five years is 75.6 percent (per annum). (NASDAQ:NFLX) by 0.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The stock has a 50-day moving average price of $125.62 and a 200 day moving average price of $108.72.

Previously for the quarter ended on 6/2016, Netflix, Inc.

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Analysts are also projecting an Average Revenue Estimate for Netflix, Inc.as $2.47 Billion in the Current Quarter. The stock gained 3.50% in total of its share price. However price change of the stock was -11.28% on seventh day of the earnings report. Short interest in the shares accounts for 5.7% of NFLX's float, which would take traders a week to cover, at NFLX's average daily volume - plenty of fuel for a short squeeze, should NFLX report another solid quarter. In the past 12 months, the share price floated in the $106.22 -$133.89 range. Earnings, with 37 analysts believing the company would generate an Average Estimate of $0.13. The company posted a positive surprise factor of 250.00% by 0.05. Loop Capital restated a "buy" rating and set a $151.00 target price on shares of Netflix in a research report on Saturday. Street expectations were for EPS of $0.14. The institutional holdings in the company makes up 88.00% while the Beta factor is 0.87.

Netflix, Inc. (NASDAQ:NFLX) soared 7.34% year-to-date. The stock now has an average rating of "Hold" and an average price target of $117.91. Canaccord Genuity reiterated a buy rating and issued a $140.00 target price on shares of Netflix in a research note on Wednesday, December 21st.

"Bubble basket stocks mostly don't have profits, which makes them unlikely to benefit from corporate tax cuts", Einhorn said, adding that "an accelerating economy should allow investors to find growth without needing to pay nosebleed prices for a narrow group of profitless top-line growth stocks".

The company's stock jumped 8% to a new all-time high in after hours trading following the earnings results. Company shares have been recently noted at -2.70% off of the 52 week high and 64.79% away from the 52 week low.

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