Loading...Loading...Netflix Inc NFLX will report its second-quarter earnings on Thursday. Wall Street expects $4.42 in earnings per share (EPS) and $8.9 billion in revenues as the company reports after market hours.The stock is up 42.88% over the past year, +32.09% year-to-date.Let’s look at what the charts indicate for the company’s stock, and how it currently maps against Wall Street estimates.Netflix Stock Chart Is Bearish, Faces Slight Selling PressureChart created using Benzinga ProWith the share price ...

Earnings season has arrived, with the big banks’ results kicking the period into a much higher gear last Friday. The expectation is for another period of earnings growth, with the Technology sector again expected to do some heavy lifting.Regarding this week’s docket, investor-favorite Netflix (NFLX) is scheduled to report on Thursday after the market’s close. The results can provide a small read-through for Roku’s (ROKU) quarterly results, which are expected on July 25th.  Let’s take a closer look at expect ...

Netflix (NFLX)  shares have climbed +34% this year and the rally may continue with the streaming giant expected to post substantial growth when it reports its Q2 results on Thursday, July 18.Holding on to the title of streaming king ahead of Disney (DIS) , let’s dive into why now is a good time to buy Netflix stock.  Image Source: Zacks Investment ResearchCompelling Subscriber GrowthNetflix currently has over 270 million paid subscribers staying firmly ahead of Disney which has roughly 150 million customers ...

Netflix (NFLX) is set to report second-quarter 2024 results on Jul 18.For the second quarter of 2024, Netflix forecasts revenues to increase 16%, which equates to 21% growth on a foreign exchange (F/X) neutral basis due to price changes in Argentina and the devaluation of the local currency relative to the U.S. dollar.The company anticipates total revenues to be $9.491 billion, projecting growth of 15.9% year over year. The Zacks Consensus Estimate for revenues is pegged at $9.53 billion, higher than the co ...

Netflix (NFLX) is set to release second-quarter 2024 results on Jul 18 after market close. It is worth taking a look at the fundamentals of the world’s largest video-streaming company ahead of its results. Netflix shares have risen about 7% in the past three months, slightly outperforming the broader industry’s rise of 6.3% in the same time frame. The trend could continue if Netflix delivers blowout results and records continued subscriber growth (read: Q2 Earnings on Track to Reach Record Highs: ETFs to Ta ...

 Analyst Estimates for Q2 2024Q1 2024Q2 2023Revenue$9.51 billion$9.37 billion$8.19 billionDiluted Earnings Per Share$4.74$5.28$3.29Net Income$2.1 billion$2.3 billion$1.5 billion Key Metric: Subscriber Growth Netflix investors will be looking to see if the company can continue to build on several quarters of subscriber growth. Netflix reported 269.6 million streaming subscribers in the first quarter of 2024, up 16% from the same period a year earlier. Netflix's subscriber base has climbed as the company c ...

Key TakeawaysThe S&P 500 edged higher on Monday, July 15, 2024, as investors weighed the shifting political environment and the Fed chair reiterated optimism on declining inflation.Energy was the top-performing sector as increased odds of a Trump election victory boosted the outlook for policies favorable to oil and gas companies.SolarEdge Technologies announced workforce reductions as it deals with excessive inventory, pressuring shares across the solar power industry. Major U.S. equities indexes moved hig ...

Loading...Loading...Netflix Inc NFLX is well suited for subscriber growth in the second quarter and future, an analyst says ahead of the streaming giant's second-quarter earnings.The Netflix Analyst: Bank of America analyst Jessica Reif Ehrlich reiterated a Buy rating on Netflix. She also raised the price target from $700 to $740.The Analyst Takeaways: Netflix reported 9.33 million net subscriber adds in the first quarter. Ehrlich now expects 4.6 million net subscriber adds for the second quarter.Read Also: ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

Netflix stock is not cheap, but continued rapid growth and expanding profit margins could make it look cheap soon. Earnings season is upon us, and up on Wall Street, analysts are placing bets for who will miss and who will beat earnings this quarter. The news on Netflix (NFLX 1.47%) is good. This morning, three separate analysts -- Bank of America, MoffettNathanson, and Morgan Stanley -- all raised their price targets on the streaming TV provider. And as a result, Netflix stock is up a solid 2.3% through no ...