Netflix 2Q Earnings Pregame Scorecard
Netflix (NASDAQ:NFLX) has beaten estimates for five straight quarters and will go for a sixth when it reports again on Tuesday, July 24, 2012.
Expectations
Analysts currently expect Netflix to come in with earnings of 4 cents per share on revenues of $888.9 million. Analyst estimates range from -13 cents per share to 14 cents per share. Over the past three months, the average estimate has moved up from a loss of 17 cents.
Stock Movement
The stock price has been falling recently The share price has fallen $3.70 since July 12, 2012. Looking at change over the last three months, April 23, 2012 and July 18, 2012, the stock price fell $20.57 (-20.2%), from $101.84 to $81.27.
Company Fundamental Trends
Stock Ratings
Analysts think investors should stand pat on Netflix with 17 of 28 analysts rating it hold. Analyst sentiment has been waning recently, as the average rating has dropped slightly over the past three months.
Last Quarter's Results
Revenue rose 21% to $869.8 million from $718.6 million.
Summary
Reporting Period: 2Q
Date of Release: Tuesday, July 24, 2012
EPS: 4 cents
Revenue Estimate: $888.9 million
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)