Netflix Q4 2023 GAAP EPS $2.11 Misses $2.21 Estimate
Portfolio Pulse from Benzinga Newsdesk
Netflix (NASDAQ:NFLX) reported Q4 2023 earnings per share (EPS) of $2.11, missing the consensus estimate of $2.21 by 4.52%. However, the company surpassed quarterly sales expectations with $8.83 billion, a 1.31% beat over the estimated $8.72 billion and a 12.49% increase from the previous year's same quarter sales of $7.85 billion.
January 23, 2024 | 9:01 pm
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NEUTRAL IMPACT
Netflix's Q4 2023 earnings missed EPS estimates but exceeded revenue forecasts, indicating mixed financial performance.
The EPS miss may concern investors about profitability, potentially putting downward pressure on the stock. However, the sales beat and year-over-year growth could counteract this by showing business expansion and revenue strength. The mixed results lead to a neutral short-term impact score, as the market may have varying interpretations of the financial health of the company.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100