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Netflix, Inc. (NASDAQ:NFLX) Brings Wall Street to Tears With Q3 Earnings

Netflix Inc (NASDAQ:NFLX)

Netflix, Inc. showed off its earnings numbers for the three months ending September 2015 on Wednesday, October 14 after the bell for the day on in New York. The firm’s earnings came in at $0.07 per share for the quarter while revenue came in at $2.00B.  Wall Street is not impressed.

In the same period of last year, Netflix, Inc. managed to earn $0.14 per share. Sales for the same quarter in 2014 came in at $1.41B. In the three months heading into the release of today’s results, Netflix, Inc. stock has gained 9.82% of their value.

Netflix Inc (NASDAQ:NFLX)

Here’s what Wall Street expected from Netflix, Inc.

Heading into the publication of these numbers, Wall Street forecast that Netflix, Inc. had earned $0.08 per share by consensus. Revenue was thought to have hit $1.86B for the quarter.

45 analysts were following Netflix, Inc. in the months before the firm put out these numbers. 11 analysts told clients the firms were a Buy, 14 analysts said they thought investors should make the stock Overweight, 15 analysts reported that the best strategy was to Hold the shares. 4 analysts advised that their readers hold the firm Underweight and 1 analyst thought the best move was to Sell the stock ahead of earnings.

Netflix, Inc. earnings in context

Netflix, Inc. is a provider of Internet television network. The Company has over 57 million streaming members in over 50 countries. Its members can watch more than two billion hours of television (TV) shows and movies per month, including original series, documentaries, and feature films on Internet-connected screen. The Company has three operating segments: Domestic streaming, International streaming, and Domestic DVD. The Domestic and International streaming segments derive revenues from monthly membership fees for services consisting of streaming content.

For the twelve months in 2015 Wall Street thinks that Netflix, Inc. will manage a profit of $0.24 per share. The full sales number for the fiscal year is expected to amount to $6.83B. In its prior fiscal year Netflix, Inc. made $0.53 per share. Total revenue for the firm’s last fiscal year came in at $5.50B.

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Victor Alagbe is a seasoned business and finance writer with a specialty in writing about how to invest for the long-term in healthcare, pharmacology, energy and tech stocks. His long-term focus is on stocks that provide a nice mix of growth and income. For the short term, he passionately writes about trading stock options for the excitement and leverage that stock options offer.

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