NFLX
Investors Don't Like Netflix's Latest OutlookOr the News that Reed Hastings Is Moving On
Article Summary
HOLD- Netflix Inc. (NASDAQ: NFLX) plunged more than 8% in extended trading after giving a softer-than-expected outlook and announcing that Co-founder and Chair Reed Hastings plans to leave Netflix's board in June to focus on philanthropy and other pursuits.
- Netflix pointed to rising content amortization tied to timing of title launches for holding back profits, despite reporting earnings per share of $1.23 on a 16% year-over-year jump in revenue to $12.25 billion for the first quarter ahead of analysts' expectations.
- Netflix expects 13% revenue growth in the current quarter, just short of the 14% analysts surveyed by Visible Alpha called for, and full-year revenue guidance was left unchanged at $50.7 billion to $51. 7 billion.
Free users see 3 BUY signals per day. Premium unlocks all of them, plus instant email alerts.
See Plans
Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 16.5% | 25% | 60.0 ptsModerate (16.5%) - Decent growth |
| EPS Growth Next 5Y ? | 21.9% | 25% | 70.0 ptsGood (21.9%) - Solid outlook |
| Target Price Upside ? | 6.2% | 20% | 35.0 ptsBelow Screener (6.2%) - Target: $114.48 vs Current: $107.79 |
| Gross Margin % ? | 48.6% | 15% | 60.0 ptsSolid (48.6%) - Decent margins |
| Drawdown from 52-Wk High ? | -19.6% | 15% | 40.0 ptsMild Pullback (-19.6%) - Light entry opportunity |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About NFLX
- Netflix, Inc. provides entertainment services worldwide.
- The company offers television (TV) series, documentaries, feature films, games, and live programming across various genres and languages.
- It also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.
- Netflix, Inc. was incorporated in 1997 and is headquartered in Los Gatos, California.