Netflix Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Netflix, Inc. NFLX will release earnings results for its third quarter after the closing bell on Thursday, Oct. 17.

Analysts expect the Los Gatos, California-based bank to report quarterly earnings at $5.12 per share, up from $3.73 per share in the year-ago period. Netflix projects to report revenue of $9.77 billion for the recent quarter, compared to $8.54 billion a year earlier, according to data from Benzinga Pro.

Netflix shares fell 0.6% to close at $702.00 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

• Guggenheim analyst Michael Morris maintained a Buy rating and boosted the price target from $735 to $810 on Oct. 11. This analyst has an accuracy rate of 75%.
• Oppenheimer analyst Jason Helfstein maintained an Outperform rating and raised the price target from $725 to $775 on Oct. 10. This analyst has an accuracy rate of 77%.
• Morgan Stanley analyst Benjamin Swinburne maintained an Overweight rating and increased the price target from $780 to $820 on Oct. 10. This analyst has an accuracy rate of 75%.
• Deutsche Bank analyst Bryan Kraft maintained a Hold rating and boosted the price target from $590 to $650 on Oct. 9. This analyst has an accuracy rate of 75%.
• JP Morgan analyst Doug Anmuth reiterated an Overweight rating with a price target of $750 on Oct. 8. This analyst has an accuracy rate of 84%.

Considering buying NFLX stock? Here’s what analysts think:

Read This Next:

• Wall Street’s Most Accurate Analysts Give Their Take On 3 Consumer Stocks Delivering High-Dividend Yields