Mizuho Securities Reiterates Neutral on Netflix (NFLX) Ahead of 3Q15 Results
Mizuho Securities reiterated a Neutral rating and $115.00 price target on Netflix (NASDAQ: NFLX) ahead of the company's 3Q15 earnings results. Analyst Neil Doshi is looking for 3Q15 revenue of $1.75b and EPS of $0.07, both in line with consensus estimates. The company guided to EPS of $0.07. NFLX is scheduled to report earnings on Wednesday, October 14th.
Doshi commented, "Netflix is scheduled to report 3Q15 results after the close on Wednesday, October 14. Based on our model sensitivity work, we expect Netflix to post an in-line quarter, with some potential risk to International Subs due to a somewhat slow start in Japan, per our checks. However, the spotlight will be on the company's 4Q guide for expectations with Japan and the next round of launches in Europe later this month. Looking further out, we believe the focus will be on the recent price increases and the potential impact on sub growth in 2016."
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Shares of Netflix closed at $113.33 yesterday.