Brokers Set Expectations for Netflix, Inc.’S Q2 2022 Earnings

Equities researchers at Willian Blair augmented their Q2 2022 earnings per share (EPS) estimates for Netflix in a research note issued on Wednesday, April 20th. William Blair analyst R. Schakart estimates that the internet television will garner earnings of US$ 2.99 per share for the quarter, against the previous estimations of US$ 2.93. William Blair also issued estimates for Netflix’s Q4 2022 earnings at US$ 1.11 EPSm Q4 2023 earnings at US$ 1.48 EPC, and FY2023 earnings at US$ 11.09 EPS.

Netflix posted its quarterly earnings data on Tuesday, April 19th. The internet television network US$ 3.53 earnings per share for the quarter, thumping the Thomson Reuters’ consensus observation of US$ 2.90 by US$ 0.63. The business secured revenue of US$ 7.87 Bn for the quarter, against the analysts’ analysis of US$ 7.94 Bn. Netflix had return equity of 32.01% and a net margin of 16.47%. The business revenue had touched 9.8% Y-o-Y growth. While the same timeframe in the previous year, the firm posted US$ 3.75 EPS.

Shares of NFLX opened at US$215.52 on Monday. The company consists of a quick ratio of 0.95, a current ratio of 1.05, and a debt-to-equity ratio of 0.83. The business’s 50-day moving average cost is US$ 360.29, and its 200-day moving average price is US$ 503.19. 

Established investors have recently sold and bought shares of the business. During the 3rd quarter, Larson Financial Group LLC enhanced its position in shares of Netflix by 4.3%. The player now owns 360 shares of the Internet television network’s stock worth US$ 220,000 after buying another 15 shares in the last quarter. In addition, private Portfolio Partners LLC augmented its place in shares of Netflix by 1.9% during the 3rd quarter. The firm now owns 984 shares of the Internet television network’s stock worth US$ 601,000 after buying other 18 shares in the last quarter. 

In another Netflix news, CEO Reed Hastings purchased 46,900 shares of the stock in a transaction on Thursday, January 27th. The shares were purchased at an average cost of US$ 390.08 per share, for a total transaction of US$ 18,294,752. The acquisition was concluded in a legal filing with the Securities & Exchange Commission. 3.40% of the stock is owned by insiders.