Netflix Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
Netflix, Inc. (NASDAQ:NFLX) is set to release its Q1 earnings after the market closes on April 18, 2024, with analysts forecasting earnings of $4.52 per share on $9.28 billion in revenue, up from last year's figures. The company's film division is undergoing a reorganization, and its stock price recently fell by 0.6%. Analysts from Guggenheim, Morgan Stanley, JP Morgan, Evercore ISI Group, and Oppenheimer have updated their ratings and price targets for Netflix, reflecting a positive outlook.
April 18, 2024 | 2:33 pm
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POSITIVE IMPACT
Netflix is anticipated to report increased earnings and revenue for Q1 2024, with significant analyst optimism and recent upgrades in price targets. The company's film division reorganization and recent stock price movement are also noteworthy.
The positive revisions in earnings forecasts and price targets by highly accurate analysts suggest a strong performance for Netflix in the short term. The stock's recent dip might offer a buying opportunity ahead of the earnings release, indicating a potential increase in stock price post-earnings announcement.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100