Netflix’s second-quarter revenue is forecast at $8.29 billion, up 1.6% sequentially and by 4.0% year over year. Adjusted EPS are forecast at $2.86, down 0.7% sequentially and by 10.6% year over year. For the full 2023 fiscal year, analysts expect to see EPS of $11.31, up 13.7%, on sales of $34.07 billion, up 7.8%.
The shares trade at 39.8 times expected 2023 EPS, 30.5 times estimated 2024 earnings of $14.73 and 24.2 times estimated 2025 earnings of $18.57 per share. The 52-week range is $188.40 to $456.68. Netflix does not pay a dividend. Total shareholder return for the past 12 months was 137.98%.
Tesla
Since the beginning of the year, shares of Tesla Inc. (NASDAQ: TSLA) have added more than 135%, wiping out memories of the stock’s massive share price decline in the fourth quarter of last year and lifting the stock price by more than 20% over the past 12 months.
The world’s premier EV maker is building and selling more vehicles every quarter, and the coming production of the Cybertruck is expected to gin up even more interest in the company’s entire line of cars. The price cuts Tesla fiddled with in the first half of the year appear to have had the results the company wanted.
Sentiment toward Tesla remains moderately bullish. Of 38 analysts covering the stock, 15 have a Buy or a Strong Buy rating, and 18 more have Hold ratings. At a share price of around $290.00, the stock has surpassed its median price target of $240.00. Based on a high price target of $350.00, the upside potential is 20.7%.
Analysts expect Tesla to post second-quarter revenue of $24.67 billion, up 5.7% sequentially and 45.7% higher year over year, and adjusted EPS of $0.82, down 3.7% sequentially but up 7.9% year over year. For the full 2023 fiscal year, estimates call for EPS of $3.53, down 13.2%, on sales of $100.98 billion, up 24%.
Tesla stock trades at 82.2 times expected 2023 EPS, 57.8 times estimated 2024 earnings of $5.02 and 46.1 times estimated 2025 earnings of $6.30. Its 52-week range is $101.81 to $314.67. Tesla does not pay a dividend. Total shareholder return over the past year was 20.96%.
Originally published at 24/7 Wall St.
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