Topeka Capital Markets Previews Netflix Q4 Earnings

Loading...
Loading...
In a report published Thursday, Topeka Capital Markets analyst David W. Miller reiterated a Buy rating and $494.00 price target on
Netflix, Inc.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.
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorReiterationAnalyst RatingsDavid W. MillerTopeka Capital Markets
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...