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.
Netflix's (NFLX) market leadership, global reach and content prowess are expected to have aided second-quarter earnings, making the stock a buy despite high valuation and intense competition.
Netflix has been finding favor with analysts ahead of its second-quarter earnings. Few analysts lifted their target price on the stock, citing continued momentum for strong subscriber growth.
Here is how Netflix (NFLX) and On Holding (ONON) have performed compared to their sector so far this year.
Netflix (NFLX) is set to report earnings for the second quarter of 2024 after the bell Thursday, with investors likely to be watching if the streaming titan can continue to grow subscribers amid its push to expand its sports entertainment offerings.
Major U.S. equities indexes moved higher to start a new trading week that will feature earnings reports from key financial institutions and a few other big names, including video streaming giant Netflix (NFLX) and health insurer UnitedHealth (UNH).