![]() ![]() Revenue growth is forecast to come in at 14.27% this year and 11.53% next year. ![]() Compare that to the broad market’s 20.71x earnings. Those are some solid growth numbers considering the stock is trading at 33.85x earnings. That means that current year EPS growth is now slated to come in at 40%, with next year coming in at 22.41%. The bullish move has increased our Zacks Consensus Estimate for the current year from $15.86 to $16.85 while next year’s number is up from $18.92 to $20.63. This big number has led eleven analysts to increase their earnings estimates for the current year and nine to do so for next year. The company added 13 million subscribers last quarter, far outpacing expectations. The company is coming off an impressive quarter with huge subscriber growth. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices. It offers TV series, documentaries, feature films, and games across various genres and languages. Today’s Bull of the Day is Zacks Rank #1 (Strong Buy) Netflix (NFLX). ![]() It’s the company that appears to have won the streaming wars. Among those names is today’s Bull of the Day. Before the Mag 7, we had a different group of leaders pushing the market higher. The headlines this year have been dominated by the “Magnificent Seven.” Seven large cap growth stocks that have been rocketing the market higher. By: Zacks Investment Research | January 30, 2024 ![]()
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