A look at the day ahead in U.S. and global markets from Mike Dolan
Invest in stocks such as Netflix (NFLX), JPMorgan Chase (JPM) and Dycom Industries (DY) for solid earnings growth.
Netflix likely added the fewest number of subscribers in five quarters during April-June as sharp gains following a crackdown on password sharing ebbed and viewer attention moved to summer sporting events including the Euro soccer tournament.
Analysts are expecting Q2 EPS to jump 42.9% relative to the year-ago period.
Netflix is scheduled to report their Q2 '24 financial results after the bell on Thursday, July 18 '24. The Street consensus is expecting revenue of $9.53 billion for expected 16% y-o-y growth and EPS of $4.72 for expected 43% y-o-y growth. Netflix's story the last few quarters has been subscriber growth has come in much better than expected, even though management has said they are going to stop reporting subscriber and ARPU metrics.
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.
Subscriber growth and financial metrics will be important when Netflix reports results Thursday, but there are two other ways the company could make Wall Street cheer.
Netflix likely added the fewest number of subscribers in five quarters during April-June as sharp gains following a crackdown on password sharing ebbed and viewer attention moved to summer sporting events including the Euro soccer tournament.
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.
Netflix (NFLX) shares have climbed +34% YTD and the rally may continue with the streaming giant expected to post substantial growth when it reports its Q2 results on Thursday, July 18.
A second-quarter earnings update from Netflix Inc NFLX could be all about ad-supported plan growth and future monetization, analysts say ahead of the company's July 17 report.
Nvidia's chipmaker, Netflix stock and Amazon are fund favorites. Amazon Prime Day kicks off today, and Netflix earnings are this week.