Topeka Capital Markets Previews Netflix Q4 Earnings

In a report published Thursday, Topeka Capital Markets analyst David W. Miller reiterated a Buy rating and $494.00 price target on Netflix, Inc. (NASDAQ: NFLX).

In the report, Topeka Capital Markets noted, “We are previewing NFLX's Q4 earnings, which will be reported after the close next Tuesday. While overall margin improvement within the U.S. Streaming side of the business will definitely get some play on this call, all eyes will really be on the international sub result, which by our calculations, should come in at 2.17mm. That estimate, representing 24.7% growth YOY, is a combination of strong traction in the UK and Canada, continued uplift in Latin America, but also initial sub adds out of the new markets launched at the beginning of last quarter, which are France, Luxembourg, Belgium, Switzerland, Germany, and Austria.”

Netflix closed on Wednesday at $324.24.