Netflix (NFLX) is considered a pioneer in the streaming space, evolving from a small DVD rental provider to a dominant streaming service provider. The stock has enjoyed positive earnings estimate revisions across the board, landing the stock into the highly-coveted Zacks Rank #1 (Strong Buy). 
Image Source: Zacks Investment ResearchIn addition to favorable earnings estimate revisions, the stock resides in the Zacks Broadcast Radio and Television industry, currently ranked in the top 26% of all Zacks industries. Let’s take a closer look at how the company currently stacks up. NetflixNetflix recently enjoyed a solid quarter, posting $2.1 billion in free cash flow and seeing its year-to-date operating margin moving higher to 28.1% (20.6% in FY23). The company also maintained its free cash flow outlook of $6 billion for FY24 and repurchased 3.6 million shares throughout the period.Concerning headline figures, the company’s sales climbed 14% year-over-year, whereas EPS jumped 80% partly thanks to margin expansion. Shares faced pressure post-earnings initially but have since recovered, up 7% overall over the last three months. 
Image Source: Zacks Investment ResearchNFLX’s growth outlook continues to remain bright, with consensus expectations for its current fiscal year suggesting 52% EPS growth on 15% higher sales.Peeking ahead to FY25, consensus expectations presently allude to a 20% pop in earnings on a 12% increase in sales. The stock sports a Style Score of ‘A’ for Growth. 
Image Source: Zacks Investment ResearchIt’s critical to note that the company’s initiatives, such as its password-sharing crackdown and ad-supported tiers, have led to strong membership growth – NFLX’s latest subscriber account totaled 269.6 million, reflecting a 16% jump year-over-year.More By This Author:Know The ‘Big 3’ Investing Styles: Income, Value And GrowthWhat’s Going On With Gamestop? What You Should Know About Dividend Paying Stocks
