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News Breaks
January 22, 2013
12:54 EDTNFLXEarnings Preview: Netflix shares up over 42% since last earnings report
Netflix (NFLX) is expected to report Q4 earnings after the market close on Wednesday, January 23 with a conference call scheduled for 6:00 pm ET. Netflix is an Internet subscription service that allows members to watch TV shows and movies through DVD and on-demand streaming... EXPECTATIONS: Analysts are looking for EPS of (60c) on revenue of $934.37M. The consensus range is ($13.00)-2c for EPS, and $924.2M-$946M for revenue, according to First Call... LAST QUARTER: Netflix reported Q3 EPS 13c against estimates of 4c on revenue of $905M against estimates of $908.89. The company gave a forecast of Q4 EPS (23c)-4c, expecting Domestic Streaming subscribers to reach 26.4M-27.1M and International Streaming subscribers to reach 5.2M-5.9M. At the Q3 earnings conference call, Netflix said the 7M subscription growth prediction was a "forecasting error". It also expected greater subscriber additions in Q4 and Q1 than in Q2 and Q3. It had no plans to raise subscription prices or change its price point at this time... STREET RESEARCH: Analysts in recent weeks have raised Netflix's price target and upgraded the company's rating. Janney Capital and Morgan Stanley, for example, cited the company's "positive" deal with Disney (D) and their reduced expectations in the past few quarters. Piper Jaffray also noted an increase confidence in the company's ability to maintain competitive differentiation while holding the best movie and TV subscription library. BofA/Merrill, however, remains skeptical given Netflix's fundamentals and overblown acquisition speculation. Northland Securities reiterated Netflix at Underperform, saying HBO's (TWX) extension with Universal increases the competitive environment for content... PRICE ACTION: Netflix shares have risen more than 42%, since the first day of trading following the company's Q3 report. In Tuesday mid-day trading ahead of the Q4 report, Netflix shares are down almost 2%.
News For NFLX From The Last 14 Days
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September 29, 2014
16:54 EDTNFLXNetflix in talks on feature film with Weinstein Co., Bloomberg says
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11:40 EDTNFLXOptions with increasing implied volatility
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09:37 EDTNFLXActive equity options trading on open
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September 26, 2014
09:37 EDTNFLXActive equity options trading on open
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September 25, 2014
17:50 EDTNFLXCompanies receive U.S. information requests on Comcast-TWC deal, Bloomberg says
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16:00 EDTNFLXOptions Update; September 25, 2014
iPath S&P 500 VIX Short-Term Futures up 2.09 to 30.38. Option volume leaders: AAPL TSLA NFLX BAC TWTR AMZN BP PBR GILD DOW according to Track Data.
10:03 EDTNFLXNetflix, Rainbow Studios announce spin-off of Winx Club as original TV series
Netflix and Rainbow Studios announced an expansion to the Winx Club franchise with a spin-off series, Winx Club WOW: World of Winx, that will be exclusively available in all Netflix territories including France and Germany. The first of the two all-new seasons will be available by early 2016 with the second following in the autumn.
09:36 EDTNFLXActive equity options trading on open
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September 24, 2014
12:29 EDTNFLX20th Century Fox signs TV deal with Canadian Shomi, The Hollywood Reporter says
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12:14 EDTNFLXNetflix responds to Comcast's extortion claims, Variety reports
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09:17 EDTNFLXComcast accuses TWC deal opponents of extortion, Re/code reports
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September 23, 2014
06:48 EDTNFLXNetflix declines providing CRTC subscriber information, Globe and Mail says
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05:54 EDTNFLXStocks with implied volatility movement; NFLX AMZN
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September 22, 2014
16:00 EDTNFLXOptions Update; September 22, 2014
iPath S&P 500 VIX Short-Term Futures up 91c to 28.14. Option volume leaders: AAPL TSLA NFLX C TWTR AMZN BP PBR CLF WLT according to Track Data.
September 19, 2014
16:00 EDTNFLXOptions Update; September 19, 2014
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09:37 EDTNFLXActive equity options trading on open
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05:18 EDTNFLXNetflix now available in France, Germany, four other European countries
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September 18, 2014
16:00 EDTNFLXOptions Update; September 18, 2014
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09:32 EDTNFLXNetflix domestic estimates raised at ITG Research
ITG raised Netflix's domestic estimates given an acceleration in August. The firm's data indicates a faster than expected improvement in ASP and improved churn trends. The analyst raised its Q3 domestic streaming revenue of $881.3M from $877.3M, above guidance of $877M and consensus of $876.3M.
06:00 EDTNFLXNetflix implied volatility of 26 at lower end of index mean range
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