Stock Update (NASDAQ:NFLX): Netflix Finds 9:00 p.m. is the New Midnight This New Year’s Eve

[PR Newswire] – BEVERLY HILLS, Calif., Dec. 28, 2015 /PRNewswire/ — Midnight, shmidnight. This year you can celebrate as a family and still have time for a parents-only party with a whole new set of New Year’s Eve countdowns on Netflix designed for preschoolers, tweens and everyone in between. Kids can pick their favorite character or ring in the new year again and again with countdowns featuring Oona and Baba of Puffin Rock, Care Bears & Cousins, Inspector Gadget, the Project Mc2 girls, and all of their DreamWorks Animation friends including King Julien and Mr. Peabody & Sherman. According to new research from Netflix, more than half of parents around the world (58%) would jump at the chance to put their kids to bed before the clock strikes twelve on New Year’s Eve. With six on-demand countdown specials launching today, you can make 10, 9, 8 or any time midnight. Read more on this. Netflix, Inc. (NFLX) , currently valued at $50.05B, started the session at $117.03. During today’s session, NFLX traded between $113.85 to $117.35 with a trailing 52-week range being $45.26 to $133.27. Netflix (NFLX) shares are currently priced at 558.71x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 1.22x earnings multiple for the same period. In a review of the consensus earnings estimate this quarter, 34 sell-side analysts are looking at $0.02 per share, which would be $0.08 worse than the year-ago quarter and a $0.02 sequential decrease. The full-year EPS estimate is $0.21, which would be a $0.32 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $1.83 Billion. If reported, that would be a 23.65% increase over the year-ago quarter. In terms of ratings, Guggenheim Initiated NFLX at Buy (Aug 4, 2015). Previously, Rosenblatt upgraded NFLX from Neutral to Buy. With the above information in mind, readers should note that the average price target is $123.03, which is 5.13% above where the stock opened this morning. See more in (NASDAQ:NFLX) Similar Articles: Company Update: Netflix Inc (NASDAQ:NFLX) – Did You Experience The Netflix Outage? Company Update: Netflix Inc (NASDAQ:NFLX) – Netflix and Google are streaming into overdrive Stock Update: Netflix Inc (NASDAQ:NFLX) – Cramer — Netflix Could Go Even Higher but Avoid Barracuda After Billings Blunder
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