Netflix(US:NFLX) ZACKSยท2024-12-16 23:51Group 1: Company Performance - Netflix's stock closed at $921.08, with a daily increase of +0.24%, underperforming the S&P 500's gain of 0.38% [1] - Over the past month, Netflix's stock has risen by 11.52%, outperforming the Consumer Discretionary sector's gain of 4.56% and the S&P 500's gain of 1.17% [1] - Analysts expect Netflix to report earnings of $4.20 per share on January 21, 2025, reflecting a year-over-year growth of 99.05% [2] - The projected quarterly revenue for Netflix is $10.15 billion, which represents a 14.9% increase from the previous year [2] - For the full year, earnings are projected at $19.78 per share and revenue at $38.9 billion, indicating growth of +64.42% and +15.36% respectively [3] Group 2: Analyst Estimates and Valuation - Recent adjustments to analyst estimates for Netflix indicate evolving short-term business trends, with positive revisions suggesting confidence in the company's performance [4] - The Zacks Rank system, which assesses estimate changes, currently ranks Netflix at 3 (Hold), with a recent downward shift of 0.01% in the EPS estimate [5][6] - Netflix has a Forward P/E ratio of 46.46, significantly higher than the industry average of 9.5, indicating it is trading at a premium [7] - The company has a PEG ratio of 1.77, compared to the Broadcast Radio and Television industry's average PEG ratio of 0.79 [8] Group 3: Industry Context - The Broadcast Radio and Television industry, part of the Consumer Discretionary sector, has a Zacks Industry Rank of 130, placing it in the bottom 49% of over 250 industries [9] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [9]