Current Developments About Netflix

  Current Developments About Netflix Netflix (NFLX) closed at $499.24 in the most recent trading session, +0.03 percent from the previous day. This change lagged behind the S&P 500's daily gain of 0.15 %. Investors will expect strength from NFLX as it nears its next earnings release. Zacks Consensus estimates show analysts are expecting earnings per share of $10.44 and revenue of $29.72 billion. It would be helpful for traders to also note the recent changes to analyst forecasts for Netflix NFLX (NasdaqGS) $499.24 +0.16(+0.03%). These recent revisions tend to reflect the evolving nature of short-term business trends. We can view positive forecast revisions as a sign of optimism about the company's business outlook. The Zacks Consensus EPS estimate rose 0.68 % last month. Currently, NFLX's Zacks rankings are at #3 (Hold). The company's PEG ratio is 1.47. The PEG ratio is used similarly to the famous P/E ratio, but it also takes into account the expected earnings growth rate of the stock.

Current Developments About Netflix

The average PEG ratio of Broadcast Radio and Television's closing price yesterday was 1.31. The broadcast, radio and television industry is part of the consumer demand industry. This group has a Zacks Industry Rating of 94, placing it in the top 38 % of over 250 industries. The Zacks Industry Rank measures the strength of our individual industry groups by measuring the average Zacks Rank of individual stocks within groups. Research shows that industries rated in the top 50 % outperform the bottom half by 2 to 1. According to Zacks Consensus, whose reviews are pretty credible, Netflix is ​​still a lucrative stock.   Source: Yahoo.Finance