Netflix Stock Performance During Earnings
Among large corporations reporting earnings this week, Netflix will release second-quarter-figures on Monday after the bell. Shares of the online movie-rental company are up 162 percent in the past year.
The consensus First Call EPS estimate stands at $1.11 compared to last year's gain of $0.80, while revenue is expected to come in at $791.5 million, compared to a gain of $519.8 million during the same period last year.
What follows are some facts and figures on how the company's shares traded in the most recent earnings reports.
Netflix
Beat revenue estimates 4 of the past 8 quarters
Beat EPS estimates 7 of the last 8 quarters
Beat annual EPS estimates for 5 straight years
In 2010, 100 percent of Netflix revenue derived from the United States. In the fall of that year, however, netflix started offering unlimited streaming-only in Canada and on July 5, 2011, the company announced it will launch internet streaming services in 43 Latin American and Caribbean countries later this year.
Netflix shares are up about 61 percent year-to-date, after rising 219 percent in 2010
Competitors' Performance so far in 2011: Apple +24%, Disney +9%, Oracle +4%, Amazon +19% and Coinstar +32%
Netflix shares closed at a record high of $298.73 on July 13, 2011, and are currently trading down about 6% from that level
Short-interest as a percent of float stands at 19.5 percent
According to Thomson Reuters estimates, the mean price target among 23 financial analysts is $264.45
Stock Performance By The Numbers
- In the past 8 quarters, Netflix shares rose 5.73 percent, on average, the day after the company reported its quarterly results
- In 5 of the last 8 earnings reports, the stock trended up within 11 days, gaining more than 8 percent
S&P Consumer Discretionary Sector:
- Third best performing sector so far in 2011, up 9.5 percent
- Netflix is the best performing stock in this sector year-to-date, with a gain of 61 percent, followed by Wynn Resorts, up 59 percent, and Chipotle Mexican Grill, up 57 percent
Source: CNBC Analytics & Thomson Reuters
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