With all eyes set on a big Q4 and 2022, Netflix Inc. has revealed when it will post its third quarter 2021 results and business outlook on its investor relations website.
With its shares trading close to $583 per share, Netflix is trading at near record-levels — still. And, that’s not likely to slow down.
At 4pm Eastern on October 19, many will be opening a web browser and visiting http://ir.netflix.net. At that time, Netflix will issue its commentary-free Q3 financial results while offering some commentary in a letter to shareholders, also set for posting on its website.
And, as has been typical for Netflix, it won’t be hosting an earnings call for investors and Wall Street analysts. Instead, a video interview with Netflix co-CEO Reed Hastings, co-CEO & Chief Content Officer Ted Sarandos, Chief Financial Officer Spence Neumann, COO & Chief Product Officer Greg Peters and VP, IR & Corporate Development Spencer Wang will be available at 6pm Eastern.
The discussion will be moderated by Nidhi Gupta, Fidelity Management & Research Co., with questions submitted via email.
For those who are long-time Netflix investors, the ROI keeps on growing. On Oct. 1, 2016, a $124.87 finish was seen for NFLX — and that was considered impressive. A growth spike came in 2018, following by a small dip toward the end of 2019.
Impressively, most of Netflix’s share growth has been seen in the quarantine era. A $345.09 finish was seen in January 2020. Some said that price was overheated. Then came COVID-19. The growth has been strong and steady ever since. And, Wall Street believes its current trading price is “near fair value.”
The one-year target estimate for Netflix? It is $615.21.
