Netflix Inc. (NFLX) - Zacks Report PDF Free Download
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Netflix Inc. (NFLX)
$1,180.76 (Stock Price as of 07/24/2025)
Price Target (6-12 Months): $1,358.00
Long Term: 6-12 Months Zacks Recommendation:
(Since: 07/21/25)
Outperform
Prior Recommendation: Neutral
Short Term: 1-3 Months Zacks Rank: (1-5)
Zacks Style Scores:
1-Strong Buy
VGM:D
Value: F Growth: C Momentum: A
Summary
Netflix delivered strong second-quarter results with earnings
of $7.19 per share (beating estimates by 1.7%) and revenue
of $11.07 billion (up 16% YoY). The quarter was highlighted
by Squid Game S3 becoming the company's sixth biggest
season ever with 122M views. Operating income surged 45%
to $3.8 billion with margins expanding to 34% from 27% last
year, driven by price increases and low churn rates. Netflix
raised its full-year 2025 revenue guidance to $44.8-$45.2
billion and increased operating margin targets to 29.5%.
Strong content performance across global markets, including
hits like Exterritorial (89M views) and Tyler Perry's STRAW
(109M views), drove member growth that exceeded forecasts,
though it occurred late in the quarter limiting Q2 revenue
impact. Shares have outperformed the industry year-to-date.
Data Overview
52 Week High-Low $1,341.15 - $587.04
20 Day Average Volume (sh) 3,928,007
Market Cap $501.7 B
YTD Price Change 32.5%
Beta 1.59
Dividend / Div Yld $0.00 / 0.0%
Industry Broadcast Radio and
Television
Zacks Industry Rank Bottom 38% (153 out of 245)
Last EPS Surprise 1.7%
Last Sales Surprise -0.1%
EPS F1 Est- 4 week change 2.9%
Expected Report Date 10/16/2025
Earnings ESP 0.0%
P/E TTM 50.3
P/E F1 45.3
PEG F1 NA
P/S TTM 12.0
Price, Consensus & Surprise(1)
Sales and EPS Growth Rates (Y/Y %)(1)
Sales EPS
Sales Estimates (millions of $)(1)
Q1 Q2 Q3 Q4 Annual*
2026 12,103 E 12,514 E 12,915 E 13,263 E 50,809 E
2025 10,543 A 11,079 A 11,524 E 11,881 E 45,034 E
2024 9,370 A 9,559 A 9,825 A 10,247 A 39,001 A
EPS Estimates(1)
Q1 Q2 Q3 Q4 Annual*
2026 7.95 E 8.57 E 8.50 E 6.88 E 32.16 E
2025 6.61 A 7.19 A 6.88 E 5.31 E 26.06 E
2024 5.28 A 4.88 A 5.40 A 4.27 A 19.83 A
*Quarterly figures may not add up to annual.
1) The data in the charts and tables, including the Zacks Consensus EPS and sales estimates, is as of 07/24/2025.
2) The report's text and the price target are as of 07/25/2025.
Zacks Report Date: July 25, 2025
© 2025 Zacks Investment Research, All Rights Reserved 101 N Wacker Drive, Floor 15, Chicago, IL 60606
Overview
Netflix is considered a pioneer in the streaming space. The company
evolved from a small DVD-rental provider to a dominant streaming
service provider, courtesy of its wide-ranging content portfolio and a
fortified international footprint. At the end of the second quarter of 2024,
the company had 277.65 million paid subscribers globally.
Netflix has been spending aggressively on building its portfolio of original
shows. This is helping the company sustain its leading position despite
the launch of new services like Disney+ and Apple TV+, as well as
existing services like Amazon Prime Video.
Netflix streams movies, television shows and documentaries across a
wide variety of genres and languages. Domestic and international
subscribers can watch them on a host of internet-connected devices,
including television sets, computers, and mobile devices.
The Los Gatos, CA-based company reported revenues of $39 billion in
2024.
Beginning fourth-quarter 2019, Netflix started declaring revenues and
membership data by regions — the Asia Pacific (APAC); Europe, Middle
East & Africa (EMEA); Latin America (LATAM); and the United States
and Canada (UCAN).
UCAN accounted for 44.1% of fourth-quarter 2024 revenues. At the end
of the quarter, the company had 89.6 million paid subscribers in the
region.
EMEA accounted for 32.1% of fourth-quarter 2024 revenues. Netflix had 101.1 million paid subscribers in the region at the end of the quarter.
LATAM contributed 12% of fourth-quarter 2024 revenues and had 53.3 million paid subscribers in the region at the end of the quarter.
APAC accounted for 11.8% of fourth-quarter 2024 revenues. The company had 57.54 million paid subscribers in the region at the end of the
quarter.
NFLX will stop reporting paid quarterly membership and revenue per subscriber, starting with the first quarter of 2025.
Netflix has moved away from reporting specific subscriber counts starting with the first quarter of 2025, preferring instead to focus on financial
metrics and user engagement. Starting with the second quarter of 2025 results, Netflix will publish its bi-annual engagement report, which
accounts for 99% of all viewing on Netflix, in tandem with second and fourth-quarter earnings results.
As of 07/24/2025
As of 07/24/2025
Zacks Equity Research www.zacks.com Page 2 of 10
Reasons To Buy:
Netflix delivered remarkable subscriber growth in 2024, adding a record 41 million paid net
additions throughout the year, culminating in 19 million new subscribers in Q4 alone - the
largest quarterly gain in company history. This brought the company's global subscriber base
to over 302 million paid memberships by year-end. The growth was driven by broad strength
across all regions and content categories, demonstrating the platform's universal appeal. With
an estimated global audience of over 700 million people when accounting for multiple viewers
per household, Netflix continues to expand its reach while maintaining healthy engagement
levels of approximately two hours per member daily, showcasing strong product-market fit
worldwide. Moreover, partnerships with telcos like Telefonica in Spain, KDDI in Japan, AT&T,
Comcast, DISH, Verizon, Charter, Altice and T-Mobile in the United States, Canal+ in France
and Sky in the U.K., Germany and Italy are expected to enhance subscriber base in international markets, thereby driving top-line growth.
The company achieved impressive financial results in 2024, with revenue growing 16% year-over-year to reach $39 billion, marking a
successful acceleration in growth momentum. Operating income exceeded $10 billion for the first time in Netflix's history, representing a
substantial 52% increase in Q4 operating income compared to the previous year. The operating margin expanded significantly to 27% for the
full year, demonstrating the company's ability to scale efficiently while investing in content and technology. This strong financial performance,
combined with healthy free cash flow generation, positions Netflix well to continue investing in growth initiatives while delivering value to
shareholders through their substantial share repurchase program.
Netflix's content strategy proved highly successful so far, with the platform securing top place with its original shows in weekly streaming
charts than all other streamers combined. The company has delivered exceptional hits across multiple languages and genres, including major
successes like Squid Game S3, which became one of their most-watched original series seasons, and Carry-On, which joined their all-time
top 10 films list besides The Night Agent S2, Envious S2 and Running Point among others. The company’s global approach yielded cultural
phenomena that transcended borders, with Netflix accounting for six of the ten most-searched TV shows globally on Google. Netflix plans to
increase its cash content spend to an estimated $18 billion in 2025, up from $17 billion in the previous year. The company has set an
ambitious target to double its revenues by 2030 and achieve a $1 trillion market capitalization. Netflix’s growth strategy includes expanding
its content library, developing live programming options, enhancing its gaming division, and building its advertising business.
Netflix made significant strides in live programming during 2024, successfully launching high-profile events that captured massive audiences
and demonstrated the platform's capability in this growing segment. The Jake Paul vs. Mike Tyson boxing match became the most-streamed
sporting event ever, while their Christmas Day NFL games achieved record viewership as the two most-streamed NFL games in history.
These successes led to strategic partnerships, including securing rights to the FIFA Women's World Cup for 2027 and 2031, and establishing
ongoing relationships with WWE for weekly programming. This live content strategy, while representing a small percentage of total viewing
hours, creates outsized value through memorable moments that drive subscriber acquisition and retention.
The company's advertising-supported tier showed tremendous growth momentum, with ads plan memberships increasing 30% quarter-over-
quarter in Q4 and representing over 55% of new sign-ups in ads-supported countries. Netflix successfully doubled their advertising revenue
year-over-year in 2024 and expects to double it again in 2025, demonstrating rapid scaling in this high-margin revenue stream. The rollout of
their proprietary ad technology platform, beginning in Canada and expanding to the US in April 2025, provides greater control and flexibility
for advertisers while improving the member experience. This advertising growth, combined with strategic price adjustments across multiple
markets, enhances Netflix's monetization capabilities and provides multiple pathways for sustainable revenue expansion. According to
company data, more than 55% of new subscribers in markets where it’s available are choosing the ad-supported option. This has led
management to project advertising revenues reaching $9 billion annually by 2030, representing an increasing portion of Netflix’s total
revenues.
Netflix’s growing
subscriber base, driven by
its content strength, focus
on originals across various
genres and languages and
accelerating ad business
are key positives.
Zacks Equity Research www.zacks.com Page 3 of 10
Risks
Netflix's content expenditure reached an astronomical $16.2 billion in cash spending during 2024, representing a staggering increase that
outpaces revenue growth and threatens long-term financial stability. The company's content amortization hit $15.3 billion, while total
streaming content obligations ballooned to $23.2 billion by year-end. This unsustainable spending trajectory, coupled with management's
guidance to increase content spending to $18 billion in 2025, creates significant pressure on free cash flow generation. The company's
aggressive content investment strategy appears increasingly disconnected from realistic return expectations, particularly as streaming
market growth shows signs of maturation and subscriber acquisition becomes more expensive globally.
Netflix faces severe foreign exchange challenges that significantly impact financial performance, with approximately 60% of revenues
generated in non-U.S. dollar currencies creating substantial translation risk. The company reported that U.S. dollar strengthening
negatively impacted 2025 revenue forecasts by approximately $1 billion net of hedging, despite their risk management program covering
only 50% of exposure on a rolling twelve-month basis. Regional revenue performance demonstrates this vulnerability, with LATAM
experiencing -7% year-over-year ARM decline and APAC showing minimal growth. The company's limited hedging strategy leaves
shareholders exposed to continued currency volatility, particularly problematic given global economic uncertainty and potential Federal
Reserve policy shifts affecting dollar strength.
The streaming landscape has become increasingly saturated with formidable competitors including traditional entertainment giants and big
tech companies, forcing Netflix into unsustainable price wars and content bidding competitions. Despite achieving 19 million net additions
in Q4 2024, the company's average revenue per membership growth remains anemic at just 1% year-over-year globally, indicating
weakening pricing power. Competition from Disney+, HBO Max, Apple TV+, and emerging platforms continues intensifying, while
traditional media companies with declining linear networks are aggressively investing in streaming. Netflix's acknowledgment that they
capture less than 10% of TV viewing in every operating market highlights the ongoing battle for consumer attention and the substantial
resources required to maintain competitive positioning.
Netflix's balance sheet deterioration presents concerning trends that signal potential financial distress despite strong content performance.
Total debt increased to $15.7 billion with net debt reaching $6.1 billion, while the company spent $6.2 billion on share repurchases in 2024,
indicating potentially misguided capital allocation prioritizing short-term stock support over debt reduction. The company's debt-to-equity
ratio remains elevated while interest expenses consumed $719 million annually. Current liabilities increased substantially, with content
liabilities alone reaching $6.2 billion, creating significant near-term cash flow obligations. Netflix's ambitious 2025 guidance assumes $18
billion in content spending while targeting only $8 billion in free cash flow, leaving minimal financial flexibility for economic downturns or
competitive responses.
Zacks Equity Research www.zacks.com Page 4 of 10
Last Earnings Report
Netflix Q2 Earnings Beat on Squid Game Finale, 2025 Outlook Raised
Netflix reported second-quarter 2025 earnings of $7.19 per share, which beat the Zacks
Consensus Estimate by 1.7%. The figure jumped 47.3% from the year-ago quarter.
Revenues came in slightly above the company guidance at $11.07 billion, increasing 16% year
over year or 17% on a foreign exchange (F/X) neutral basis, driven primarily by membership
growth and higher subscription pricing and increased ad revenues. The figure missed the
consensus mark by 0.06%.
The second-quarter content slate wrapped up on a high note as Squid Game S3 (122M views) became the company’s sixth biggest season of
any series in just a few weeks of viewing.
All regions experienced healthy year-over-year revenue growth, with each region posting double-digit F/X neutral increases. UCAN revenue
growth accelerated year over year to 15% compared with 9% year-over-year growth in the first quarter due to the full quarter impact of price
changes.
In a notable shift, Netflix has moved away from reporting specific subscriber count, starting with the first quarter of 2025, preferring instead to
focus on financial metrics and user engagement.
Operating Details
Marketing expenses increased 10.7% year over year to $713.3 million. As a percentage of revenues, marketing expenses expanded 30 basis
points (bps) on a year-over-year basis to 6.4%. Technology and development expenses increased 15.9% year over year to $824.7 million. As a
percentage of revenues, technology and development expenses expanded 70 basis points (bps) on a year-over-year basis to 7.4%. General and
administration expenses increased 3.3% year over year to $441.2 million. As a percentage of revenues, general and administration expenses
contracted 10 bps on a year-over-year basis to 4%.
Operating income totaled $3.8 billion, up 45% year over year, and operating margin was 34% compared with 27% in the year-ago period. Both
were slightly ahead of the company forecast, given the revenue upside in the quarter and the timing of expense spending. The second quarter
was the first full quarter in which Netflix launched new price increases, including in mature markets like the United States. The price hikes,
combined with consistent low churn, likely account for the strong margins.
Balance Sheet & Free Cash Flow
Netflix had $8.17 billion of cash and cash equivalents as of June 30, 2025, compared with $7.19 billion as of March 31, 2025.
Total debt was $14.5 billion as of June 30, 2025, compared with $15.01 billion as of March 31, 2025.
Streaming content obligations were $20.96 billion as of June 30, 2025, compared with $21.79 billion as of March 31, 2025.
Netflix reported a free cash flow of $2.3 billion compared with a free cash flow of $2.66 billion in the previous quarter.
Net cash generated from operating activities in the second quarter was $2.4 billion compared with $1.3 billion in the prior year period.
During the quarter, Netflix paid down $1 billion of USD and EUR senior notes using proceeds from 2024 refinancing, and repurchased 1.5 million
shares for $1.6 billion. Netflix has $12 billion remaining under its existing share repurchase authorization.
In May 2025, NFLX established a commercial paper (CP) program, providing the company with enhanced flexibility and the ability to issue short-
term, unsecured notes in an aggregate amount of up to $3 billion.
Guidance
Netflix has raised its full-year 2025 revenue forecast to $44.8-$45.2 billion from the previous guidance of $43.5-$44.5 billion. This indicates year-
over-year growth of 15%-16% or 16%-17% on a foreign exchange neutral basis. The increase in the revenue forecast primarily reflects the recent
depreciation of the U.S. dollar versus most other currencies, along with continued business momentum driven by solid member growth and
advertising sales.
The company is now targeting a foreign exchange neutral operating margin of 29.5% for 2025, up from the prior 29% forecast, which would
equate to roughly 30% operating margin on a reported basis at current exchange rates. Netflix has also increased its free cash flow forecast to
$8.0-$8.5 billion from approximately $8.0 billion previously due to the improved revenue and operating margin outlook.
For the third quarter of 2025, Netflix expects revenues of $11.526 billion, indicating growth of 17% on both a reported and foreign exchange
neutral basis. Revenues are expected to be driven by growth in members, pricing and advertising revenues. The company projects an operating
margin of 31% for the quarter, which represents a two percentage point improvement year over year. However, Netflix expects that similar to past
years, operating margin in the second half of 2025 will be lower than the first half due to higher content amortization and sales and marketing
costs associated with its larger second-half content slate.
FY Quarter Ending 12/31/2024
Earnings Reporting Date Jul 17, 2025
Sales Surprise -0.06%
EPS Surprise 1.70%
Quarterly EPS 7.19
Annual EPS (TTM) 23.47
Zacks Equity Research www.zacks.com Page 5 of 10
Netflix's second-half 2025 slate features highly anticipated returns of several major franchises. The lineup includes the second season of
Wednesday, the Emmy-nominated second season of Nobody Wants This, the third season of Alice in Borderland from Japan, and most notably,
the fifth and final season of Stranger Things. These returning series represent some of Netflix's most valuable intellectual properties and are
expected to drive significant member engagement.
The platform is launching several ambitious new series, including Billionaires' Bunker from Money Heist creator Álex Pina, the thriller Black
Rabbit starring Jason Bateman and Jude Law, House of Guinness from Peaky Blinders creator Steven Knight, and Las Muertas from Mexico.
This diverse international lineup demonstrates Netflix's continued commitment to its "local for local" content strategy while creating programming
with global appeal.
Netflix's film offerings for the remainder of 2025 include major sequels and original productions. Comedy sequels include Happy Gilmore 2 with
Adam Sandler and Tyler Perry's Madea's Destination Wedding, while the mystery genre gets Wake Up Dead Man: A Knives Out Mystery.
International offerings include Troll 2 from Norway and French Lover starring Lupin's Omar Sy. The prestige film category features Academy
Award winner Kathryn Bigelow's A House of Dynamite, Noah Baumbach's Jay Kelly starring George Clooney and Adam Sandler, and Academy
Award winner Guillermo del Toro's Frankenstein. The animated slate includes In Your Dreams, and romance gets My Oxford Year starring Sofia
Carson and Corey Mylchreest.
The unscripted slate includes Building the Band (which premiered recently), America's Team: The Gambler and His Cowboys, the ninth season
of Love is Blind, and a new documentary about Victoria Beckham.
Netflix continues to expand its live programming with major sporting events, including two marquee boxing matches in the third quarter featuring
the Taylor vs. Serrano rematch and the highly anticipated Canelo vs. Crawford fight on Sept. 13. The live programming culminates with Netflix's
NFL Christmas Day doubleheader, featuring compelling divisional matchups like Dallas Cowboys vs. Washington Commanders and Detroit Lions
vs. Minnesota Vikings.
Zacks Equity Research www.zacks.com Page 6 of 10
Recent News
On Jul. 20, Netflix has announced the production of its latest Korean series, Variety, featuring an exciting cast led by Son Ye-jin and Jo Yu-ri.
On Jul. 11, Netflix announced the global premiere of the first two seasons of Death Inc., the funeral comedy created by Alberto and Laura
Caballero.
On Jul. 9, Netflix announced that it Netflix has started filming Aquel, a biographical series based on the life of renowned Spanish singer Raphael.
On Jun. 30, Netflix announced that it is teaming up with NASA to bring space a little closer to home. Starting this summer, NASA+ live
programming will be available on Netflix.
On Jun. 27, Netflix released the third and final season of South Korean dystopian survival thriller, Squid Game.
On Jun. 25, Netflix releasd the trailer of Netflix has dropped the trailer for Aap Jaisa Koi, starring R. Madhavan as Shrirenu Tripathi and Fatima
Sana Shaikh, set to release on July 11.
On Jun. 20, Netlfix announced that it is set to release its brand-new special, Vir Das: Fool Volume, featuring International Emmy Award winner
Vir Das, premiering on July 18.
On Jun. 18, Netflix released the trailer for Ziam, Netflix Thailand’s first action-zombie film, which is set to premiere on Jul. 9.
Netflix announced a distribution partnership with TF1 Group. Starting in summer 2026, Netflix users in France will be able to watch TF1 channels
and on demand content from TF1+ directly on Netflix.
On Jun. 17, Netflix released the first images of Two Graves, a new limited series, which is set to premiere on the platform on Aug. 29.
On Jun. 12, Netflix released the trailer for My Melody & Kuromi, which is set to premiere on Jul. 24.
On Jun. 10, Netflix announced that it will invest more than one billion euros in Spain between 2025 and 2028, reinforcing its commitment to the
audiovisual industry in the country.
Netflix announced that Better Late Than Single, a new twist on the genre of reality dating, will premiere on the platform on Jul. 8.
On Jun. 6, Netflix announced that the highly anticipated steampunk adaptation Leviathan is set to premiere worldwide on Jul. 10.
Netflix released the key art and trailer for The Fragrant Flower Blooms With Dignity, which will premiere on Jul. 6 on the platform.
On Jun. 5, Netflix announced the premiere of a new documentary series The Many Deaths of Nora Dalmasso, which will be available worldwide
starting Jun.19.
On Jun. 4, Netflix unveiled the trailer for Olympo, which will arrive on the service on Jun. 20.
On Jun. 3, Netflix announced that it has acquired worldwide rights to Shih-Ching Tsou’s Left-Handed Girl.
Netflix announced the production of My Sad Dead, a miniseries of four horror drama episodes.
On Jun. 2, Netflix announced that it has started shooting for its new thriller film La desconocida.
On May 27, Netflix announced the start of production of its upcoming adaptation All the Truth Behind My Lies, a new miniseries based on the
novel by Elísabet Benavent.
On May 26, Netflix unveiled the first look of Too Hot to Handle: Spain, the first Spanish edition of the popular reality show Too Hot to Handle. It is
set to release on Jun. 13. Netflix also announced that it has acquired U.S. rights to Richard Linklater’s Cannes official selection Nouvelle Vague.
On May 24, Netflix announced that the season 3 of The Great Indian Kapil Show is premiering exclusively on the platform on Jun. 21.
On May 22, Netflix unveiled the trailer for the noir action series Mercy For None. It is set to premiere exclusively on the platform on Jun. 6.
On May 22, Netflix unveiled the teaser trailer of the Japanese music drama Glass Heart. It is set to premiere on Jul. 31.
On May 20, Netflix shared the first look Almost Cops, a new comedy film. It is set to premiere on the platform on Jul. 11. Netflix also unveiled the
trailer of the second season of the reality series, Kaulitz & Kaulitz. It is set to premiere worldwide on Jun. 17.
On May 19, Netflix announced that it has become the new destination for titles Sesame Street and The World of Peppa Pig. Netflix also unveiled
the official trailer of its next film A Widow’s Game, which is based on the case known as “the black widow of Patraix.” It is set to premiere on
May 30.
On May 15, Netflix unveiled the main trailer of its first original Korean animation, Lost in Starlight, which is set to premiere on May 30. Netflix also
announced that the Netflix Ads Suite, Netflix’s in-house advertising platform, is now live in the U.S. and Canada, will be live next week in EMEA,
and available in all 12 ad-supported countries by June.
Zacks Equity Research www.zacks.com Page 7 of 10
On May 13, Netflix announced that it plans to invest $1 billion to transform the 292-acre former US Army installation at Fort Monmouth, New
Jersey into a premier East Coast production hub. The development will feature 12 cutting-edge soundstages totaling nearly 500,000 square feet.
On May 7, Netflix announced new features on the platform including more visible shortcuts, better real time recommendations and elevated
homepage design. For mobile, it has added features like a new way to search using AI on iOS and a vertical feed with clips of shows and movies
to make discovery easier.
Valuation
Netflix shares are up 32.5% in the year-to-date period and 87% over the trailing 12-month period. Stocks in the Zacks sub-industry are up 25.4%
and the same in the Zacks Consumer Discretionary sector are up 11.4% in the year-to-date period. Over the past year, stocks in the Zacks sub-
industry and the sector are up 66.2% and 28%, respectively.
The S&P 500 index is up 7.7% in the year-to-date period and up 16.9% in the past year.
The stock is currently trading at 11.09X forward 12-month sales, which compares with 4.12X for the Zacks sub-industry, 2.17X for the Zacks
sector and 5.09X for the S&P 500 Index.
Over the past five years, the stock has traded as high as 11.41X and as low as 2.18X, with a five-year median of 6.87X. Our Outperform
recommendation indicates that the stock will perform better than the market. Our $1,358 price target reflects 12.75X forward 12-month sales.
The table below shows summary valuation data for NFLX
Zacks Equity Research www.zacks.com Page 8 of 10
NFLX
Zacks Recommendation (Long Term) Outperform
Zacks Rank (Short Term)
VGM Score
Market Cap 501.74 B
# of Analysts 12
Dividend Yield 0.00%
Value Score
Cash/Price 0.02
EV/EBITDA 19.30
PEG Ratio -4.01
Price/Book (P/B) 20.11
Price/Cash Flow (P/CF) 20.75
P/E (F1) 45.31
Price/Sales (P/S) 12.03
Earnings Yield 2.21%
Debt/Equity 0.58
Cash Flow ($/share) 56.91
Growth Score
Hist. EPS Growth (3-5 yrs) 24.60%
Proj. EPS Growth (F1/F0) 31.42%
Curr. Cash Flow Growth 21.94%
Hist. Cash Flow Growth (3-5 yrs) 16.82%
Current Ratio 1.34
Debt/Capital 36.68%
Net Margin 24.58%
Return on Equity 42.50%
Sales/Assets 0.79
Proj. Sales Growth (F1/F0) 15.50%
Momentum Score
Daily Price Chg 0.34%
1 Week Price Chg -2.88%
4 Week Price Chg -9.64%
12 Week Price Chg 4.17%
52 Week Price Chg 86.21%
20 Day Average Volume 3,928,007
(F1) EPS Est 1 week change 1.67%
(F1) EPS Est 4 week change 2.92%
(F1) EPS Est 12 week change 2.90%
(Q1) EPS Est Mthly Chg 5.79%
X Industry S&P 500
- -
- -
- -
165.72 M 37.32 B
3 20
0.00% 1.46%
- -
0.32 0.04
5.57 14.63
1.26 2.39
0.83 3.68
3.03 14.86
14.46 19.90
0.30 3.13
2.29% 4.98%
0.44 0.58
1.44 8.96
- -
1.87% 9.71%
-4.17% 7.27%
-25.30% 6.48%
4.25% 7.10%
1.38 1.20
36.98% 38.49%
-3.66% 12.40%
-1.87% 17.17%
0.58 0.52
0.00% 4.62%
- -
0.00% 0.07%
0.00% 1.05%
3.34% 3.62%
6.39% 13.55%
-1.75% 17.86%
266,620 2,516,955
0.00% 0.00%
0.00% 0.06%
2.61% 0.20%
0.00% 0.00%
AAPL AMZN DIS
Neutral Outperform Neutral
3,192.68 B 2,465.44 B 219.24 B
11 17 9
0.49% 0.00% 0.82%
0.02 0.04 0.03
23.88 19.58 14.42
2.39 1.72 1.78
47.80 8.06 2.03
27.99 21.97 12.50
30.07 36.98 21.11
7.97 3.79 2.33
3.33% 2.70% 4.74%
1.18 0.17 0.34
7.64 10.57 9.76
14.54% 20.26% 31.69%
5.33% 13.56% 16.30%
6.37% 42.81% 14.77%
11.23% 27.41% 4.42%
0.82 1.05 0.67
54.05% 14.86% 25.10%
24.30% 10.14% 9.47%
167.24% 24.14% 9.99%
1.17 1.08 0.48
3.50% 9.10% 4.10%
-0.18% 1.73% -0.81%
0.01% 0.49% 1.29%
6.35% 6.96% 0.40%
0.21% 22.10% 34.29%
-1.72% 29.12% 36.70%
49,464,392 40,402,120 7,479,350
0.13% 0.16% 0.00%
0.13% 1.03% 0.21%
-0.94% 0.94% 5.61%
-0.27% 1.78% 0.68%
Industry Comparison(1)Industry: Broadcast Radio And Television Industry Peers
Industry Analysis(1)Zacks Industry Rank: Bottom 38% (153 out of 245) Top Peers(1)
Company (Ticker) Rec Rank
Amazon.com, Inc. (AMZN) Outperform
Apple Inc. (AAPL) Neutral
Comcast Corporation (CMCSA) Neutral
The Walt Disney Company (DIS) Neutral
Alphabet Inc. (GOOGL) Neutral
Paramount Global (PARA) Neutral
AT&T Inc. (T) Neutral
Sirius XM Holdings Inc. (SIRI) Underperform
Zacks Equity Research www.zacks.com Page 9 of 10
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The Zacks Recommendation aims to predict performance over the next 6 to 12 months. The foundation for the quantitatively determined Zacks
Recommendation is trends in the company's estimate revisions and earnings outlook. The Zacks Recommendation is broken down into 3 Levels;
Outperform, Neutral and Underperform. Unlike many Wall Street firms, we have an excellent balance between the number of Outperform and
Neutral recommendations. Our team of 70 analysts are fully versed in the benefits of earnings estimate revisions and how that is harnessed
through the Zacks quantitative rating system. But we have given our analysts the ability to override the Zacks Recommendation for the 1200
stocks that they follow. The reason for the analyst over-rides is that there are often factors such as valuation, industry conditions and
management effectiveness that a trained investment professional can spot better than a quantitative model.
Zacks Rank
The Zacks Rank is our short-term rating system that is most effective over the one- to three-month holding horizon. The underlying driver for the
quantitatively-determined Zacks Rank is the same as the Zacks Recommendation, and reflects trends in earnings estimate revisions.
Zacks Style Scores
The Zacks Style Score is as a complementary indicator to the Zacks rating system, giving investors a way
to focus on the highest rated stocks that best fit their own stock picking preferences.
Academic research has proven that stocks with the best Value, Growth and Momentum characteristics
outperform the market. The Zacks Style Scores rate stocks on each of these individual styles and assigns
a rating of A, B, C, D and F. We also produce the VGM Score (V for Value, G for Growth and M for
Momentum), which combines the weighted average of the individual Style Scores into one score. This is
perfectly suited for those who want their stocks to have the best scores across the board.
As an investor, you want to buy stocks with the highest probability of success. That means buying stocks with a Zacks Recommendation of
Outperform, which also has a Style Score of an A or a B.
Value Score
Growth Score
Momentum Score
VGM Score
Disclosures
This report contains independent commentary to be used for informational purposes only. The analysts contributing to this report do
not hold any shares of this stock. The analysts contributing to this report do not serve on the board of the company that issued this
stock. The EPS and revenue forecasts are the Zacks Consensus estimates, unless otherwise indicated in the report’s first-page
footnote. Additionally, the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts personal
views as to the subject securities and issuers. ZIR certifies that no part of the analysts compensation was, is, or will be, directly or indirectly,
related to the specific recommendation or views expressed by the analyst in the report.
Additional information on the securities mentioned in this report is available upon request. This report is based on data obtained from sources we
believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. Any opinions expressed herein are subject to
change.
ZIR is not an investment advisor and the report should not be construed as advice designed to meet the particular investment needs of any
investor. Prior to making any investment decision, you are advised to consult with your broker, investment advisor, or other appropriate tax or
financial professional to determine the suitability of any investment.This report and others like it are published regularly and not in response to
episodic market activity or events affecting the securities industry.
This report is not to be construed as an offer or the solicitation of an offer to buy or sell the securities herein mentioned. ZIR or its officers,
employees or customers may have a position long or short in the securities mentioned and buy or sell the securities from time to time.ZIR is not a
broker-dealer.ZIR may enter into arms-length agreements with broker-dealers to provide this research to their clients.Zacks and its staff are not
involved in investment banking activities for the stock issuer covered in this report.
ZIR uses the following rating system for the securities it covers. Outperform- ZIR expects that the subject company will outperform the broader
U.S. equities markets over the next six to twelve months. Neutral- ZIR expects that the company will perform in line with the broader U.S.
equities markets over the next six to twelve months. Underperform- ZIR expects the company will underperform the broader U.S. equities
markets over the next six to twelve months.
No part of this report can be reprinted, republished or transmitted electronically without the prior written authorization of ZIR.
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