Netflix Q2 Earnings Preview: Earnings Estimates, Analyst Predictions And Key Concerns Like The Hollywood Strike
Portfolio Pulse from Chris Katje
Netflix Inc (NASDAQ:NFLX) is set to report its Q2 financial results. Analysts expect the company to report $8.28 billion in revenue and earnings per share of $2.84. The company has beaten analyst estimates for earnings per share in six of the last seven quarters. Netflix ended Q1 with 232.5 million global paid subscribers, up 4.9% YoY. Analysts will be looking at subscriber figures, comments on the ad-supported plan, password-sharing monetization, and the impact of the writers and actors strike. Guggenheim analyst Michael Morris has a Buy rating and a $500 price target on Netflix stock. Wells Fargo analyst Steven Cahall also has a price target of $500 on shares. Wedbush analyst Michael Pachter has a $475 price target on Netflix.
July 18, 2023 | 4:25 pm
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Netflix is expected to report strong Q2 results with a focus on subscriber growth, ad-supported plan, and password-sharing monetization. Analysts have positive ratings and high price targets on the stock.
The news is directly related to Netflix and its upcoming Q2 earnings report. The positive expectations from analysts and the company's strong performance in recent quarters suggest a potential positive impact on the stock. The company's strategies for subscriber growth and monetization are also expected to contribute to its performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100