The Sell-Side Sentiment On Netflix Ahead Of Q3 Results

Courtesy of Benzinga.

Ahead of the earnings announcement for the third quarter, investors sentiment on Netflix, Inc. (NASDAQ: NFLX) remained weak, with the stock trading down in Monday’s regular trading sessions.

One of the key focus areas would be the subscribers’ addition. Though the company’s EPS topped by 350 percent in the second quarter, below than estimated customer additions dragged down the stock by about 13 percent following the June quarter results announcement.

Netflix indicated 2.30 million net additions in the September quarter. In the United States, the company guided 0.3 million following 0.16 million additions in the second quarter.

In a research note, MKM Partners expect 1.8 million additions, while the consensus sees 2.1 million. The firm expects 0.4 million additions in the domestic market. As far as EPS and revenue forecast, the Street estimates $0.06 and $2.28 billion revenue.

Related Link: Netflix Subscriber Churn Could Make For Another Poorly Received Quarter

The following brokerages have according rating and target price:

• Deutsche Bank kept Sell rating and target price of $90.
• Dougherty & Company LLC maintains a Neutral rating.
• Loop Capital Markets retained Buy rating and price objective of $125.
• MKM Partners retained Buy rating and $130 price target.
• Wedbush maintains Underperform rating and $50 as the price objective.

At last check, the stock had fallen $1.29, or 1.27 percent, on the day to $100.18.

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