Stock Update: Netflix Inc (NASDAQ:NFLX) – Facebook, Amazon Lead ‘FANG’ Stocks; Alphabet, Netflix Lag — Plus Jim Cramer’s Take

[at TheStreet] – First-quarter earnings propel Facebook and Amazon to new highs, while Alphabet falls into correction territory and Netflix into bear market territory. Here’s how to trade them. Read more on this. Netflix, Inc. (NFLX) , with a current value of $38.27B, opened at $90.16. Looking at today’s market, NFLX one day range is $89.12 to $91.26 with a trailing 52-week range being $79.95 to $133.27. Netflix (NFLX) shares are currently priced at 335.19x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 18.96x earnings multiple for the same period. Consensus earnings for the current quarter by the 34 sell-side analysts covering the stock is an estimate of $0.02 per share, which would be $0.04 worse than the year-ago quarter and a $0.03 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $0.27 is a $0.01 worse when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $2.11 Billion. If realized, that would be a 28.66% increase over the year-ago quarter. Recently, Atlantic Equities upgraded NFLX from Neutral to Overweight (Apr 1, 2016). Previously, FBR Capital downgraded NFLX from Outperform to Mkt Perform. When considering if perhaps the stock is under or overvalued, the average price target is $118.41, which is 31.33% above where the stock opened this morning. See more in (NASDAQ:NFLX) Similar Articles: Stock Update (NASDAQ:NFLX): How to Trade FANG Stocks as Netflix Reports Earnings — Plus Jim Cramer’s Take Market Update: Netflix Inc (NASDAQ:NFLX) – [$$] Smartphone Stars: Netflix, Facebook and Alphabet Market Update (NASDAQ:NFLX): Will 2016 De-FANG Facebook, Amazon, Netflix, Google?