Netflix Inc reports results for the quarter ended December 31 - Earnings Summary

• Netflix Inc NFLX.OQ reported quarterly adjusted earnings of $4.27​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of $2.11. The mean expectation of thirty seven analysts for the quarter was for earnings of $4.20 per share. Wall Street expected results to range from $3.80 to $4.46 per share.
• Revenue rose 16% to $10.25 billion from a year ago; analysts expected $10.11 billion.
• Netflix Inc's reported EPS for the quarter was $4.27​.
• The company reported quarterly net income of $1.87 billion.
• Netflix Inc shares had fallen by 3.7% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.4% in the last three months.​
• In the last 30 days, seven analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 32 "strong buy" or "buy," 13 "hold" and 3 "sell" or "strong sell."
• The average consensus recommendation for the online services peer group is also "buy"

Wall Street's median 12-month price target for Netflix Inc is $922.50

This summary was machine generated from LSEG data January 22 at 01:53 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)