Market Overview

Imperial Capital's Bullish Stance On Netflix Unchanged Ahead Of Q3 Print

Share:
Imperial Capital's Bullish Stance On Netflix Unchanged Ahead Of Q3 Print

Netflix, Inc. (NASDAQ: NFLX) plummeted immediately following its second quarter-earnings release due to a big miss on subscriber growth. Heading into the company's third-quarter print, Imperial Capital is modeling for upside and holding on to a bullish stance on the stock.

The Analyst

Imperial Capital's David Miller maintains an Outperform rating on Netflix with an unchanged $494 price target.

The Thesis

Netflix is scheduled to report its third-quarter results Oct. 16 after market close and Miller is modeling the company to report the following:

  • Total net subscriber adds of 4.91 million.
  • Total U.S. net subscriber adds of 0.65 million.
  • Total international net subscriber adds of 4.46 million.
  • Total global streaming subscribers of 135.3 million.
  • Total revenue of $3.99 billion.
  • Non-GAAP EPS of 70 cents.
  • The company should show a "measurable rise" in average selling price.
  • The international business should show strong traction in Europe and momentum in Australia and New Zealand.
  • Fourth quarter revenue guidance of $4.24 billion, $348.7 million in EBIT, 48 cents per share in EPS.

Price Action

Shares of Netflix were trading around $342 at time of publication.

Related Links:

SunTrust Continues To See Upside Potential In Netflix's Q3

Guggenheim: Netflix Subscriber Penetration Will Outpace Street Expectations

Posted-In: David Miller imperial capital Netflix International streaming videoAnalyst Color Previews Analyst Ratings Trading Ideas Best of Benzinga

 

Related Articles (NFLX)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
CASADA DavidsonInitiates Coverage On12.0
RCIIJefferiesMaintains22.0
DPLOMorgan StanleyMaintains8.0
QLYSSummit Insights GroupDowngrades0.0
ECACitigroupReinstates0.0
View the Latest Analytics Ratings
Don't Miss Out!
Join Our Newsletter
Subscribe to:
Trader Essentials
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You
for registering for Benzinga’s newsletters and alerts.
• The Daily Analysts Ratings email will be received daily between 7am and 10am.
• The Market in 5 Minutes email will be received daily between 7am and 8am.
• The Fintech Focus email will be received every Friday between 2pm and 5pm.

Beacon Roofing On Shaky Foundation As Analyst's Survey Points To Softness

KeyBanc Says Stitch Fix Provides Attractive Entry Point In Light Of Product Launches