Streaming pioneer Netflix NFLX is about to report third-quarter outcomes on Thursday after the closing bell. Netflix, a Zacks Rank #2 (Purchase), has exceeded the earnings mark in three of the previous 4 quarters. However with subscriber development more likely to sluggish, is NFLX a purchase earlier than the announcement?
Discover the most recent EPS estimates and surprises on Zacks Earnings Calendar.
Analysts expect NFLX to ship quarterly earnings of $5.09 per share, reflecting a 36.5% enchancment relative to the identical quarter within the prior yr. Revenues of $9.77 billion would mark a 14.3% leap versus the year-ago interval. The streaming big boasts a 6.2% common earnings shock over the prior 4 quarters.
Subscriber development is predicted to reasonable as positive aspects from a password-sharing crackdown ease. NFLX inventory has handily outperformed the market in 2024 with 45% return. Our proprietary earnings mannequin doesn’t conclusively predict one other earnings beat for the upcoming announcement.
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Netflix, Inc. (NFLX) : Free Stock Analysis Report
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