Netflix Reports Q4 Earnings Tuesday: Several Catalysts To Watch For The Streaming Stock
Portfolio Pulse from Surbhi Jain
Netflix Inc (NASDAQ:NFLX) is set to report Q4 earnings on Jan. 23 with expectations of $2.22 EPS and $8.71 billion in revenues. Analysts will focus on the impact of reduced per-member revenue and higher costs, as well as the effectiveness of 2023 strategies like password sharing crackdown and ad-based subscriptions. The stock is currently rated a Buy with a target price of $452.11, and it was trading at $488.25.
January 22, 2024 | 4:08 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Netflix is anticipated to report strong Q4 earnings, with a focus on subscriber revenue and cost management. Analysts maintain a Buy rating with a price target suggesting potential upside.
The anticipation of a positive earnings report, coupled with strategic initiatives taken by Netflix in 2023, such as addressing password sharing and introducing ad-based subscriptions, are likely to be viewed favorably by investors. The Buy rating and the current price above the consensus target price suggest confidence in the company's performance, which could lead to a short-term uptick in the stock price post-earnings announcement.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100