Netflix Preps For Q2 Earnings: Will It Stream Up Or Buffer Down?
Portfolio Pulse from Surbhi Jain
Netflix Inc (NASDAQ:NFLX) is set to report its Q2 earnings on Thursday, with Wall Street expecting $4.42 EPS and $8.9 billion in revenues. The stock has risen 42.88% over the past year and 32.09% year-to-date. Technical indicators show a bearish short-to-medium term sentiment, but long-term support remains strong. Analysts maintain a Buy rating with a price target of $672.33.
July 17, 2024 | 3:40 pm
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Netflix is set to report Q2 earnings with Wall Street expecting $4.42 EPS and $8.9 billion in revenues. Short-term technical indicators are bearish, but long-term support is strong. Analysts maintain a Buy rating with a price target of $672.33.
The upcoming earnings report is a significant event for Netflix, with expected EPS and revenue figures likely to influence short-term stock movements. Technical indicators suggest a bearish short-term outlook, but long-term support remains strong. Analyst ratings and price targets provide a mixed but generally positive sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100