Netflix, Inc. (NFLX) Hits Fresh High: Is There Still Room to Run?

Group 1 - Netflix shares have increased by 18% over the past month, reaching a new 52-week high of $1106.8, and have gained 23.6% year-to-date compared to the Zacks Consumer Discretionary sector's -4.8% and the Zacks Broadcast Radio and Television industry's 14.1% [1] - The company has consistently exceeded earnings expectations, reporting EPS of$ 6.61 against a consensus estimate of $5.69 in its last earnings report [2] - For the current fiscal year, Netflix is projected to achieve earnings of$ 25.33 per share on revenues of $44.47 billion, reflecting a 27.74% increase in EPS and a 14.01% increase in revenues [3] Group 2 - Netflix's current valuation metrics indicate a premium, trading at 43.5X current fiscal year EPS estimates compared to the peer industry average of 11.4X, and a trailing cash flow basis of 19.4X versus 2.4X for its peers [7] - The stock has a Value Score of D, while its Growth and Momentum Scores are B and A respectively, resulting in a VGM Score of B [6] - Netflix holds a Zacks Rank of 2 (Buy) due to rising earnings estimates, suggesting potential for further growth in the coming weeks and months [8]