What you need to know from Disney's earnings call

Netflix, Inc. (NFLX)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD

Visitors trend2W10W9M

366.83

+3.88

(+1.07%)

At close: 04:00PM EST

369.91

+3.08

(+0.84%)

After hours:

07:12PM EST

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Performance Outlook

Previous Close	362.95
Open	360.02
Bid	369.70 x 800
Ask	370.00 x 900
Day's Range	358.32 - 368.19
52 Week Range	162.71 - 412.98
Volume	5,938,598
Avg. Volume	9,353,406

Market Cap	163.367B
Beta (5Y Monthly)	1.21
PE Ratio (TTM)	37.32
EPS (TTM)	9.83
Earnings Date	Apr 17, 2023 - Apr 21, 2023
Forward Dividend & Yield	N/A (N/A)
Ex-Dividend Date	N/A
1y Target Est	354.20

Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.

Fair Value

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7% Est. Return

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Netflix, Inc.
Daily Spotlight: GDP Grew 2.9% in 4Q22According to the "advance" estimate released today by the Bureau of Economic Analysis, U.S. Gross Domestic Product expanded in 4Q22 at an annualized rate of 2.9%, in line with our forecast. Areas of strength included Personal Consumption Expenditures on Services, which rose at a 2.6% rate; Personal Consumption Expenditures on Durable Goods, which rose at a 1.1% rate after having contracted the previous three quarters; Investment into Intellectual Property Products, which advanced at a rate of 5.3%; Net Exports, as Exports grew 14.4% and Imports declined 6.9%; Government Spending, which was up at a 3.7% pace; and Inventories. Segments of the economy that struggled included Investment in Equipment (down 3.7%); Exports of Goods (down 7.0%); and Residential Investment (down 26.7%). The GDP report also contains data on inflation. The PCE price index increased 3.2% in 4Q, compared with an increase of 4.8% in 3Q. Excluding food and energy prices, the PCE price index increased 3.9%, compared with an increase of 4.7% in 3Q. In our view, the report this morning indicates that the Federal Reserve's rate hikes are already having an impact on economic conditions, as inflation is lower and the housing sector is slumping. In addition, the war in Ukraine and the global economic slowdown have reversed growth in much of the manufacturing and export sectors. But the consumer remains resilient, with the pick-up in spending on durable goods a clear bright spot. Our forecasts for 2023 call for a slowdown in GDP as the Fed continues to hike rates -- but a recession is not a foregone conclusion.
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Economic Moat
14 days agoArgus Research