Market Update: Netflix Inc (NASDAQ:NFLX) – Finding Value in Flicks– Netflix, Liberty Global, Cablevision Systems, and Liberty Global

[Accesswire] – NEW YORK, NY / ACCESSWIRE / February 09, 2016 / Everyone is talking about Netflix Inc. (NASDAQ: NFLX) these days but what is in store for the Company in the coming months now that the fanfare is over? … Read more on this. Netflix, Inc. (NFLX) , with a current value of $37.47B, started trading this morning at $81.75. Looking at the stock, its one day range is $81.55 to $88.40 with a trailing 52-week range being $58.46 to $133.27. NFLX shares are currently priced at 333.28x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s -1.79x earnings multiple. Consensus earnings for the current quarter by the 35 sell-side analysts covering the stock is an estimate of $0.04 per share, which would be $0.01 worse than the year-ago quarter and a $0.01 sequential increase. In looking at the bigger picture, the full-year EPS estimate of $0.25 would be a $0.03 setback when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $1.97 Billion. If reported, that would be a 25.48% increase over the year-ago quarter. In terms of ratings, Piper Jaffray upgraded NFLX from Neutral to Overweight (Feb 2, 2016). Previously, Drexel Hamilton Initiated NFLX at to Buy. The average price target for NFLX shares is $125.83, which is 53.92% above where the stock opened this morning. See more in (NASDAQ:NFLX) Similar Articles: Market Update: Netflix Inc (NASDAQ:NFLX) – Netflix global push grabs more customers Market Update: Netflix Inc (NASDAQ:NFLX) – [$$] If Netflix Sinks or Soars, This Trade Will Pay Off Company Update: Netflix Inc (NASDAQ:NFLX) – Did You Experience The Netflix Outage?