Netflix Inc (NFLX)

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Zacks: Brokerages Anticipate Netflix, Inc. (NASDAQ:NFLX) Will Post Quarterly Sales of $6.60 Billion
By: MarketBeat | January 1, 2021

Wall Street brokerages forecast that Netflix, Inc. (NASDAQ:NFLX) will announce $6.60 billion in sales for the current quarter, Zacks reports. Fourteen analysts have issued estimates for Netflix's earnings, with the highest sales estimate coming in at $6.76 billion and the lowest estimate coming in at $6.54 billion. Netflix reported sales of $5.47 billion during the same quarter last year, which would suggest a positive year over year growth rate of 20.7%. The business is scheduled to announce its next quarterly earnings results after the market closes on Tuesday, January 19th.

On average, analysts expect that Netflix will report full year sales of $24.96 billion for the current year, with estimates ranging from $24.89 billion to $25.12 billion. For the next year, analysts expect that the firm will post sales of $29.48 billion, with estimates ranging from $27.88 billion to $30.71 billion. Zacks Investment Research's sales averages are a mean average based on a survey of research firms that follow Netflix.

Netflix (NASDAQ:NFLX) last released its earnings results on Tuesday, October 20th. The Internet television network reported $1.74 earnings per share for the quarter, missing the consensus estimate of $2.13 by ($0.39). Netflix had a return on equity of 31.48% and a net margin of 11.78%. The business had revenue of $6.44 billion for the quarter, compared to the consensus estimate of $6.38 billion. During the same quarter in the previous year, the company earned $1.47 earnings per share. The firm's revenue for the quarter was up 22.7% on a year-over-year basis.

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