Wedbush Has Pessimistic Outlook of Netflix Q3 Earnings

Netflix, Inc. (NASDAQ:NFLX) – Research analysts at Wedbush cut their Q3 2025 earnings per share (EPS) estimates for shares of Netflix in a research report issued to clients and investors on Monday, April 21st. Wedbush analyst A. Reese now forecasts that the Internet television network will post earnings of $6.51 per share for the quarter, down from their prior estimate of $6.80. Wedbush currently has a “Outperform” rating and a $1,200.00 price target 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 Q4 2025 earnings at $5.49 EPS, Q3 2026 earnings at $8.12 EPS, Q4 2026 earnings at $6.83 EPS and Q1 2027 earnings at $9.32 EPS.

NFLX has been the subject of several other reports. Wolfe Research raised Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 price target for the company in a report on Thursday, January 23rd. Bank of America boosted their target price on shares of Netflix from $1,000.00 to $1,175.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Netflix from $650.00 to $875.00 and gave the stock a “hold” rating in a research note on Wednesday, January 22nd. KeyCorp increased their target price on shares of Netflix from $1,000.00 to $1,070.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Canaccord Genuity Group lifted their price target on shares of Netflix from $1,150.00 to $1,200.00 and gave the company a “buy” rating in a research report on Monday. Nine equities research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Netflix currently has an average rating of “Moderate Buy” and a consensus price target of $1,070.65.

Netflix Trading Up 1.5 %

Shares of NFLX stock opened at $987.91 on Tuesday. Netflix has a 12-month low of $542.01 and a 12-month high of $1,064.50. The firm has a 50 day moving average price of $954.08 and a two-hundred day moving average price of $896.26. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $422.59 billion, a PE ratio of 49.82, a price-to-earnings-growth ratio of 2.12 and a beta of 1.55.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating the consensus estimate of $5.74 by $0.87. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. During the same period in the prior year, the firm earned $8.28 earnings per share.

Institutional Investors Weigh In On Netflix

Several large investors have recently added to or reduced their stakes in NFLX. Vanguard Group Inc. increased its stake in shares of Netflix by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 37,488,005 shares of the Internet television network’s stock valued at $33,413,809,000 after acquiring an additional 171,712 shares in the last quarter. FMR LLC increased its stake in Netflix by 1.8% in the fourth quarter. FMR LLC now owns 20,887,090 shares of the Internet television network’s stock valued at $18,617,081,000 after purchasing an additional 375,234 shares in the last quarter. Geode Capital Management LLC increased its stake in Netflix by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 9,323,952 shares of the Internet television network’s stock valued at $8,287,823,000 after purchasing an additional 175,596 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Netflix by 109,524.3% during the first quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network’s stock valued at $8,239,576,000 after purchasing an additional 8,827,662 shares during the period. Finally, Norges Bank bought a new position in shares of Netflix during the 4th quarter worth about $5,019,087,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Activity

In other news, Director Ann Mather sold 2,682 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $973.00, for a total transaction of $2,609,586.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Jeffrey William Karbowski sold 160 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $1,000.00, for a total transaction of $160,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 274,312 shares of company stock valued at $267,919,297. Company insiders own 1.76% of the company’s stock.

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.