Netflix Inc. (NASDAQ:NFLX) Net Profit prediction

Netflix Inc. (NASDAQ:NFLX) Net Profit prediction : Shares of Netflix Inc. (NASDAQ:NFLX) are trading higher by +262.59% ahead of its quarterly earnings release. Netflix, the online video rental company is expected to release its quarterly results on July 25th 2011 .

Wall Street Analysts consensus calls for a profit of $1.11 a share on $790.49 million revenue.

Netflix estimates have a range of $0.15 a share. The high estimate calls for profit of $1.17 a share and the low estimate is calling for a profit of $1.02 a share, a year ago for the quarter the company reported $0.8 a share.

Netflix Inc. (NASDAQ:NFLX) is an online movie rental service. The company delivers its rentals by regular mail, using DVDs, or by its internet streaming service.

Other companies on the watch on this earnings event are Coinstar, Inc. NASDAQ:CSTR and Comcast Corporation NASDAQ:CMCSA.

This week Oppenheimer raised its target price on Netflix to $360 from $280 following announcements over expansion to the Latin America and the Caribbean and changes to its pricing plans, resulting in higher prices for members. The stock posted a new all-time high of $305.79 on July 13th.

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