|Bid||514.52 x 800|
|Ask||515.41 x 900|
|Day's range||504.66 - 517.41|
|52-week range||458.60 - 593.29|
|Beta (5Y monthly)||0.74|
|PE ratio (TTM)||53.40|
|Earnings date||18 Oct 2021 - 22 Oct 2021|
|Forward dividend & yield||N/A (N/A)|
|1y target est||613.68|
Subscriber growth continued to decelerate in the second quarter, and Netflix's third-quarter subscriber forecast is unimpressive, too.
Netflix (NASDAQ: NFLX) investors mostly saw the streaming giant's second-quarter glass as half empty rather than half full, given Wednesday's post-earnings stock price pullback of a little more than 3%. There are a couple of noteworthy footnotes to add to the discussion.
Netflix (NASDAQ: NFLX) recently announced mixed financial results for the second quarter of 2021. Revenue of $7.34 billion and subscriber growth of 1.5 million exceeded Wall Street analyst and internal estimates, while earnings per share of $2.97 disappointed. It's clear that the coronavirus pandemic has caused lumpiness in Netflix's membership numbers, especially following a monster year in 2020.