Published: Tue, October 17, 2017
Business | By Max Garcia

Netflix, Inc. 3Q 17 Earnings Send Shares Higher After Hours

Netflix, Inc. 3Q 17 Earnings Send Shares Higher After Hours

Q3 United States subscriber growth (net additions): Wall Street expects 774,000, slightly above company guidance of 750,000.Q3 global subscriber growth (net additions): Wall Street expects 3.72 million, slightly above company guidance of 3.65 million.

Several institutional investors have recently added to or reduced their stakes in NFLX. It brought in earnings of 29 cents per share, up from 12 cents per share during the third quarter of 2016. Finally, Robert W. Baird reaffirmed a "hold" rating and issued a $175.00 target price on shares of Netflix in a report on Friday, September 1st.

Netflix has doubled down on comedy with the recent release of a Jerry Seinfeld special. Wedbush reaffirmed an "underperform" rating and set a $180.00 target price (up from $165.00) on shares of Netflix in a research report on Sunday, October 8th. Sanford C. Bernstein reissued an outperform rating and set a $203.00 price target (up from $178.00) on shares of Netflix in a research report on Tuesday, July 18th. The stock now has a consensus rating of "Buy" and a consensus target price of $191.42.

Two equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and thirty-one have assigned a buy rating to the company's stock.

Right before the start of the third quarter, Netflix released the latest season of its perennially popular program "Orange Is the New Black". The fund owned 21,435 shares of the Internet television network's stock after selling 10,544 shares during the period.

If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course. FactSet's earnings consensus was for 32 cents per share. On October 12 Stifel Nicolaus maintained a stock rating of "Buy" and moved up the price target from $143.00 to $230.00. "So that means Netflix has to keep reinventing itself virtually every year, and that costs money". There are some examples like Netflix's "3%", and it looks like the content it's already produced is helping buoy its growth overseas. The company's revenue for the quarter was up 30.3% on a year-over-year basis. During the same quarter a year ago, the firm earned $0.12 EPS. If you are reading this report on another publication, it was illegally stolen and reposted in violation of USA & worldwide trademark and copyright law. FMR LLC now owns 23,633,237 shares of the Internet television network's stock worth $3,531,042,000 after purchasing an additional 2,605,731 shares during the last quarter.

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