Netflix Gears Up For Q3 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Lisa Levin
Netflix, Inc. (NASDAQ:NFLX) is set to release its Q3 financial results on Oct. 18, 2023. Analysts predict earnings of $3.32 per share, up from $3.10 per share a year ago, and revenue of $8.11 billion, up from $7.84 billion. However, Netflix shares fell 1.4% to close at $355.72 on Tuesday. Several analysts have recently revised their price targets for Netflix, with most lowering their estimates.
October 18, 2023 | 2:53 pm
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Netflix is expected to report higher earnings and revenue for Q3, but its shares recently fell. Analysts have been lowering their price targets for the stock.
The news is directly about Netflix and its upcoming Q3 earnings. The company is expected to report higher earnings and revenue, which would typically be positive. However, the recent fall in its share price and the fact that several analysts have lowered their price targets for the stock suggest uncertainty about its performance. This could have a neutral impact on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100