Netflix (NASDAQ:NFLX) recently reported earnings for its fourth quarter of Fiscal Year 2022. Adjusted earnings per share came in at $0.12, which missed analysts’ consensus estimate of $0.55 per NFLX share.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Sales increased 1.8% year-over-year, with revenue hitting $7.85 billion. This was a near-match for the $7.856 billion that analysts were looking for. Turning to subscriber growth, Netflix’s subscriber base increased by 7.66 million, which was more than its goal of 4.5 million net new subscribers. Looking forward, the company expects to add 2.6 million net new subscribers in the first quarter of 2023.
Overall, Wall Street has a consensus price target of $329.14 on NFLX stock, implying 4.23% upside potential, as indicated by the graphic above.
Join our Webinar to learn how TipRanks promotes Wall Street transparency
