Wedbush Issues Positive Forecast for Netflix Earnings

Netflix, Inc. (NASDAQ:NFLX) – Research analysts at Wedbush upped their Q1 2026 EPS estimates for shares of Netflix in a research report issued on Tuesday, October 15th. Wedbush analyst A. Reese now expects that the Internet television network will post earnings per share of $6.84 for the quarter, up from their previous estimate of $6.83. Wedbush has a “Overweight” rating and a $775.00 price target on the stock. The consensus estimate for Netflix’s current full-year earnings is $19.08 per share.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share for the quarter, beating the consensus estimate of $4.74 by $0.14. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The business had revenue of $9.56 billion for the quarter, compared to analysts’ expectations of $9.53 billion. During the same quarter last year, the firm earned $3.29 EPS. The firm’s revenue for the quarter was up 16.8% compared to the same quarter last year.

Several other research firms have also recently commented on NFLX. Morgan Stanley lifted their target price on shares of Netflix from $820.00 to $830.00 and gave the stock an “overweight” rating in a research report on Friday. The Goldman Sachs Group set a $750.00 target price on shares of Netflix in a research report on Friday. Sanford C. Bernstein lifted their target price on shares of Netflix from $625.00 to $780.00 and gave the stock a “market perform” rating in a research report on Friday. Loop Capital lifted their target price on shares of Netflix from $750.00 to $800.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Citigroup lifted their target price on shares of Netflix from $660.00 to $675.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-six have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $739.38.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $763.89 on Friday. Netflix has a fifty-two week low of $392.26 and a fifty-two week high of $766.28. The stock has a market cap of $329.24 billion, a price-to-earnings ratio of 53.01, a PEG ratio of 1.49 and a beta of 1.26. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.95. The firm’s 50-day simple moving average is $696.38 and its 200 day simple moving average is $654.66.

Insider Buying and Selling at Netflix

In other Netflix news, Chairman Reed Hastings sold 25,599 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $631.43, for a total value of $16,163,976.57. Following the completion of the transaction, the chairman now directly owns 57 shares of the company’s stock, valued at $35,991.51. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Netflix news, insider David A. Hyman sold 20,656 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total value of $12,499,565.28. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at $19,128,159.30. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Reed Hastings sold 25,599 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $631.43, for a total transaction of $16,163,976.57. Following the completion of the transaction, the chairman now directly owns 57 shares of the company’s stock, valued at approximately $35,991.51. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 225,167 shares of company stock valued at $150,492,460 in the last three months. Company insiders own 1.76% of the company’s stock.

Institutional Trading of Netflix

A number of hedge funds have recently made changes to their positions in NFLX. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Netflix by 7.8% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,191 shares of the Internet television network’s stock worth $723,000 after acquiring an additional 86 shares during the last quarter. Perpetual Ltd lifted its holdings in shares of Netflix by 216.8% during the 1st quarter. Perpetual Ltd now owns 3,054 shares of the Internet television network’s stock worth $1,855,000 after acquiring an additional 2,090 shares during the last quarter. American National Bank lifted its holdings in shares of Netflix by 103.2% during the 1st quarter. American National Bank now owns 378 shares of the Internet television network’s stock worth $230,000 after acquiring an additional 192 shares during the last quarter. Park Avenue Securities LLC lifted its holdings in shares of Netflix by 18.2% during the 1st quarter. Park Avenue Securities LLC now owns 12,571 shares of the Internet television network’s stock worth $7,635,000 after acquiring an additional 1,932 shares during the last quarter. Finally, PFW Advisors LLC bought a new stake in shares of Netflix during the 1st quarter worth $244,000. 80.93% of the stock is owned by institutional investors.

About Netflix

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company 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.