Filed under: Good news, Netflix, Inc. (NFLX), Blockbuster Inc ‘A’ (BBI), Technical Analysis, Stocks to Buy

Netflix (NASDAQ: NFLX) is the world’s largest online movie rental service, providing more than seven million subscribers access to more than 90,000 DVD titles via U.S. mail delivery. The firm also has a growing library of more than 7,000 choices that can be watched instantly on customer PCs. Netflix does not have due dates/late fees and it employs user ratings to predict individual preferences and make movie recommendations. The firm has regional distribution centers throughout the United States. Blockbuster (NYSE: BBI) is a major competitor.

Investors were pleased last week, when Netflix guided Q1 EPS to 15-22 cents and Q1 revenues to $324-$328 million. Analysts had been looking for 20 cents and $325.18 million. Management also guided FY08 EPS to $1.18-$1.30 ($1.17 consensus) and FY08 revenues to $1.34-$1.39 billion ($1.33B consensus). The company’s estimate of Q1 ending subscribers was boosted from 7.85-8.05 million to 8.16-8.26 million. The estimate of FY08 ending subscribers was raised from 8.4-8.9 million to 8.9-9.5 million.

Continue reading Netflix (NFLX): Shares define bullish ‘flag’ consolidation

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This entry was posted on Tuesday, March 4th, 2008 at 10:18 am and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.