Netflix, Inc. reports results for the quarter ended September 30 - Earnings Summary

• Netflix, Inc. reported quarterly adjusted earnings of 87 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 59 cents. The mean expectation of thirty six analysts for the quarter was for earnings of 82 cents per share. Wall Street expected results to range from 79 cents to 85 cents per share.

• Revenue rose 11.8% to $12.87 billion from a year ago; analysts expected $12.87 billion.

• Netflix, Inc.'s reported EPS for the quarter was 87 cents​.

• The company reported quarterly net income of $3.66 billion.

• Netflix, Inc. shares had risen by 0.4% this quarter and lost 25.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.2% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 37 "strong buy" or "buy," 12 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the online services peer group is also "buy"

• Wall Street's median 12-month price target for Netflix, Inc. is $90.00, about 22.4% above its last closing price of $69.85

This summary was machine generated from LSEG data October 20 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)