On Thursday, investors will receive another much-anticipated earnings report from Netflix Inc., with some analysts are overwhelmingly confident that the video streaming service firm will beat its earnings forecasts. The Los Gatos-based streaming giant is expected to announce that earnings went up 13.6% to $9.275 billion from last year's $8.16 billion.
Market analysts, studying the data, have estimated its earnings per share (EPS) to touch $4.52, showing a buoyant growth phase for the company. Most analysts maintain their bullish view on Netflix, with an average rating by the analyst tending towards a "buy." Of 31 analysts polled on the subject, 29 were in favor of a "strong buy" or "buy" recommendation, while 15 suggested a "hold" position, and only one advised against investing. The mean earnings estimate over the last three months has seen an increase of just 0.5%—that's a clear signal of growing optimism in the company's financial performance at Netflix.
Furthermore, the streaming giant comes with a Median 12-month Price Target from Wall Street at $638.00, reflecting an apparent upside from its closing value of $607.15.
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