Trading Strategies For Netflix Stock Before And After Q3 Earnings
Portfolio Pulse from Melanie Schaffer
Netflix, Inc (NASDAQ:NFLX) is set to announce its Q3 earnings on Wednesday. The company's stock has been trending lower since September 5, declining about 20%. For Q3, analysts expect Netflix to report earnings per share of $3.46 on revenues of $8.532 billion. The company guided for earnings per share of $3.52 on revenues of $8.52 billion. From a technical analysis perspective, Netflix's stock looks neutral heading into the event.
October 18, 2023 | 7:16 pm
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NEUTRAL IMPACT
Netflix's stock has been trending lower and is expected to announce Q3 earnings soon. The stock looks neutral heading into the event.
Netflix's stock has been trending lower since September 5, which could be a concern for investors. However, the upcoming Q3 earnings announcement could potentially change the stock's direction. The company's guidance for earnings per share is slightly higher than analysts' expectations, which could have a positive impact if met or exceeded.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100