Jefferies Financial Research analysts issued a report on Netflix, Inc., (NASDAQ: NFLX) stocks this Thursday 19th January, 2021. The firm increased the earnings estimate of the popular online streaming platform. Jefferies analysts currently expect Netflix to post Q1 2021 earnings of $3.01. This has increased considerably from their last estimate of $2.12 for the ongoing quarter.

On the report issued by the firm, the Q2 2021 earnings estimate stands at $2.61 per share. They have also issued the rating of “Buy” on NFLX Stocks. The current price target issued by analysts at Jefferies is $650.00. The full year 2021 earnings are expected to be $10.06 per share and the FY2022 EPS currently stands at $12.13.

NFLX Stock Detailed Analysis

Netflix Inc. stocks traded at $579.84 this Friday. The company’ current market capitalization stands at $256.17 billion. It has a positive PE ratio of 93.52 along with a beta of 0.92 at the moment. The 12-monthly high to low ranges from $593.29 to $290.25. The 50SMA (50 Days Simple Moving Average) stands at $515.16 and its 200SMA stands at $503.32.

The quarterly earnings report for the previous quarter was released on the 18th of January. The earnings stood at $1.19 EPS as opposed to the general consensus of $1.38 proposed by analysts at Zacks Investment Research. The company’s return on equity stands at 31.48% along with the net margin of 11.78%. The estimated income for the firm was marked at $6.62 billion but it made $6.64 billion for the quarter. During the corresponding quarter previous year, the company posted an EPS of $1.30. Analysts demonstrate that NFLX stocks’ revenue has increased by approximately 21.5% based on a yearly evaluation.

NASDAQ: NFLX has recently been the subject of a lot of reports by research analysts. Some such as Banks of America, DZ Bank, Jefferies Financial Group, Credit Suisse Group, JPMorgan, Sanford C. Bernstein, and so on have posted reports on this company over the last few months.

The recent consensus on this company’s stocks stands at “Buy” rating with $575.00 as a consensus on the target price. Several hedge funds have also been involved in buying and selling of NASDAQ: NFLX shares recently.