Equities Analysts Offer Predictions for Netflix Q3 Earnings

Key Points

• Wedbush has lowered its Q3 2026 earnings per share estimate for Netflix to $8.08 from $8.87, while maintaining an "Outperform" rating with a target price of $1,400.00.
• Netflix reported $5.87 EPS for the most recent quarter, missing consensus estimates by $1.01, and its revenue of $11.51 billion was slightly below analyst expectations.
• The stock currently has a consensus rating of "Moderate Buy," with 20 brokerages rating it as a buy and an average price target of $1,352.78.

Netflix, Inc. (NASDAQ:NFLX - Free Report) - Equities researchers at Wedbush dropped their Q3 2026 earnings per share estimates for shares of Netflix in a research report issued to clients and investors on Wednesday, October 22nd. Wedbush analyst A. Reese now anticipates that the Internet television network will post earnings per share of $8.08 for the quarter, down from their previous estimate of $8.87. Wedbush currently has a "Outperform" rating and a $1,400.00 target price on the stock. The consensus estimate for Netflix's current full-year earnings is $24.58 per share. Wedbush also issued estimates for Netflix's Q3 2027 earnings at $9.61 EPS.

A number of other brokerages have also recently commented on NFLX. Itau BBA Securities began coverage on Netflix in a research note on Tuesday, October 7th. They set an "outperform" rating and a $1,514.00 price objective for the company. BMO Capital Markets reiterated an "outperform" rating and set a $1,425.00 target price (up from $1,200.00) on shares of Netflix in a report on Tuesday, July 15th. Wall Street Zen lowered Netflix from a "buy" rating to a "hold" rating in a report on Saturday, October 4th. Pivotal Research reiterated a "buy" rating on shares of Netflix in a report on Thursday, July 10th. Finally, Sanford C. Bernstein reaffirmed a "buy" rating on shares of Netflix in a research report on Friday, October 17th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,352.78.

Netflix Stock Down 0.2%

Shares of Netflix stock opened at $1,113.59 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.33 and a debt-to-equity ratio of 0.56. Netflix has a 12 month low of $746.25 and a 12 month high of $1,341.15. The business has a fifty day simple moving average of $1,210.10 and a 200 day simple moving average of $1,183.73. The stock has a market cap of $473.19 billion, a PE ratio of 46.52, a price-to-earnings-growth ratio of 1.89 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data on Tuesday, October 21st. The Internet television network reported $5.87 EPS for the quarter, missing analysts' consensus estimates of $6.88 by ($1.01). Netflix had a return on equity of 41.86% and a net margin of 24.05%.The company had revenue of $11.51 billion for the quarter, compared to analyst estimates of $11.52 billion. During the same period last year, the firm earned $5.40 earnings per share. The firm's revenue for the quarter was up 17.2% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS.

Institutional Investors Weigh In On Netflix

Hedge funds have recently modified their holdings of the company. Retirement Wealth Solutions LLC bought a new position in shares of Netflix in the 3rd quarter worth about $28,000. Legacy Investment Solutions LLC bought a new stake in Netflix during the 2nd quarter worth approximately $31,000. Steph & Co. increased its holdings in Netflix by 188.9% during the 3rd quarter. Steph & Co. now owns 26 shares of the Internet television network's stock worth $31,000 after purchasing an additional 17 shares in the last quarter. Stephens Consulting LLC increased its holdings in Netflix by 150.0% during the 2nd quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network's stock worth $33,000 after purchasing an additional 15 shares in the last quarter. Finally, Rossby Financial LCC purchased a new position in shares of Netflix in the 2nd quarter worth approximately $35,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Insider Buying and Selling

In other Netflix news, CEO Theodore A. Sarandos sold 2,026 shares of Netflix stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the completion of the transaction, the chief executive officer directly owned 15,168 shares of the company's stock, valued at $17,604,284.16. The trade was a 11.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Reed Hastings sold 42,176 shares of the firm's stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $1,171.92, for a total value of $49,426,897.92. Following the completion of the sale, the director directly owned 394 shares in the company, valued at approximately $461,736.48. This represents a 99.07% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,100 shares of company stock valued at $122,710,980 in the last ninety days. 1.37% of the stock is currently owned by company insiders.

Netflix Company Profile

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. 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.

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