Q2 Revenue Estimate: $822.41m
Q2 Earnings Estimate: $1.29
Projected No. of Subs: 27,422,000
According to Yahoo! Finance, analysts are currently anticipating earnings of $1.11 per share on revenue of $790.49m. My revenue and EPS estimates are well above consensus by 4% and 16%, respectively.
Using polynomial trend analysis, my revenue estimates over the past seven quarters have yielded an average error of just 0.02%, as displayed below.
| Period | Poly | Actual | % Error |
| 15 | 426,694 | 423,120 | 0.84% |
| 16 | 449,881 | 444,542 | 1.20% |
| 17 | 477,261 | 493,665 | -3.32% |
| 18 | 511,672 | 519,819 | -1.57% |
| 19 | 557,155 | 553,219 | 0.71% |
| 20 | 619,140 | 595,922 | 3.90% |
| 21 | 704,634 | 718,553 | -1.94% |
| 22 | 822,405 | ? | ? |
| Ave Error | -0.02% |
| Income Statement | |
| Three months ended June 30, 2011 | |
| Revenue | $822,405 |
| Cost of Revenue | 501,667 |
| Gross Profit | 320,738 |
| Operating Expenses: | |
| Tech. & Development | 58,391 |
| Marketing | 117,193 |
| G&A | 26,728 |
| Total Operating Expenses | 202,312 |
| Operating Income | 118,426 |
| Other Income: | |
| Interest Expense | -4,850 |
| Interest Income | 850 |
| Income Before Income Taxes | 114,426 |
| Provision for Income Taxes | 44,626 |
| Net Income | $69,800 |
| Diluted EPS | $1.29 |
| WACS | 54,246 |
NFLX Ownership
Author: Yes
Author’s Family: NO
Disclaimer:
· Opinions, estimates and projections contained in this report are of the author as of the date published and are subject to change without notice.
· This report is not, nor should it be construed as, an offer to sell or solicitation of an offer to buy any securities.
· Unless otherwise noted, all research reports provide information of a general nature and do not address the circumstances of any particular investor.
· Opinions, estimates and projections contained in this report are of the author as of the date published and are subject to change without notice.
· This report is not, nor should it be construed as, an offer to sell or solicitation of an offer to buy any securities.
· Unless otherwise noted, all research reports provide information of a general nature and do not address the circumstances of any particular investor.
· It is important to do your own due diligence on any position you enter.
