Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
---|
Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
---|
Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
---|
Netflix Inc (NASDAQ:NFLX) shares are in the spotlight Thursday ahead of earnings. Here’s what you need to know.
What To Know: Netflix is set to report first-quarter financial results after the bell on Thursday. Analysts expect the streaming giant to report earnings of $4.52 per share and revenue of $9.275 billion, according to estimates from Benzinga Pro.
Last quarter, Netflix turned in mixed results. The company beat revenue estimates of $8.72 billion, turning in revenue of $8.83 billion, but missed earnings estimates of $2.21 per share when it reported earnings of $2.11 per share.
The stock still moved higher as global paid memberships jumped 12.8% on a year-over-year basis and the company issued upbeat guidance. Netflix said it expects paid net additions to be down sequentially in the first quarter, but up again on a year-over-year basis.
Netflix guided for first-quarter revenue of $9.24 billion and first-quarter EPS of $4.49. The company also raised its 2024 operating margin forecast from a range of 22% to 23% to a new target of 24%.
Several analysts have raised price targets on the stock ahead of earnings. Here’s a look at all of the analyst changes over the last two weeks.
NFLX Price Action: Netflix shares were down 0.34% at $611.60 at the time of publication, according to Benzinga Pro.
Photo: Shutterstock.
Posted In: NFLX