Netflix Stock Is In The Spotlight Thursday: What's Going On?
Portfolio Pulse from Adam Eckert
Netflix Inc (NASDAQ:NFLX) is in focus as it prepares to report its first-quarter financial results after market close on Thursday. Analysts anticipate earnings of $4.52 per share on revenue of $9.275 billion. Last quarter, Netflix exceeded revenue forecasts but missed on earnings, with a notable 12.8% year-over-year increase in global paid memberships. The company has provided guidance for Q1 with expected revenue of $9.24 billion and EPS of $4.49, alongside an optimistic operating margin forecast for 2024. Ahead of the earnings report, several analysts have upgraded their price targets for Netflix's stock.
April 18, 2024 | 1:22 pm
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Netflix is anticipated to report strong Q1 earnings with a focus on revenue and EPS growth, following a positive performance in the previous quarter. Analysts have shown confidence by raising price targets, reflecting a bullish outlook on the stock.
The anticipation of strong Q1 earnings, coupled with the recent upgrades in price targets by several analysts, suggests a positive short-term impact on Netflix's stock price. The company's guidance and last quarter's performance further support this outlook, although the slight pre-earnings dip indicates market caution.
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