Netflix (NFLX) announced its results for the most recent quarter on July 25, 2011. Let's take a closer look at the company's industry, financials, and commentary and see what steps you can take next.
Earnings and Revenue:
Netflix posted an EPS above analyst expectations, though revenues fell short of predictions. The company reported EPS of $1.26/share versus the $1.11/share estimate and revenues of $788.6 million versus the $790.5 million estimate. EPS rose 57.5% while revenue climbed 51.7% from the same period last year.
The company has now seen three quarters in a row of rising net income. Netflix has enjoyed double-digit year-over-year revenue growth for the past five quarters. During that time, Netflix has averaged growth of 37.9%, with the biggest boost coming in the most recent quarter when revenue rose 51.7% from the year earlier quarter.
Income:
For the year, Netflix reported net income of $3.94 per share. The company trumped analyst projections of $3.65 by 7.9%. According to the reported number, the company's income rose 56.7% from last year's levels.
Conference Call:
The conference call for second quarter earnings can be accessed here.
Industry:
Netflix is in the internet commerce industry. That industry is currently enjoying price/earnings growth of 1.4%. With its recently reported EPS, the company is outpacing the industry's estimated average by 60.7%.
What to Do Next:
Now you're all set to decide what to do with those Netflix shares until the next earnings announcement. Whether you buy, sell or hold, check back with before the company's next earnings release for a full preview.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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