A Look at Netflix's Upcoming Earnings Report
Portfolio Pulse from Benzinga Insights
Netflix is set to release its quarterly earnings report on October 17, 2024, with analysts estimating an EPS of $5.12. Investors are keen on not just an earnings beat but also positive future guidance. Netflix's past performance shows mixed reactions to earnings beats, with share price changes varying. Analysts rate Netflix as 'Outperform' with a price target of $720.92, suggesting a 2.12% upside. Netflix leads in revenue growth and gross profit among peers but has the lowest return on equity.
October 16, 2024 | 2:00 pm
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Netflix is expected to report an EPS of $5.12. Investors are looking for not just an earnings beat but also positive guidance. Analysts rate Netflix as 'Outperform' with a price target of $720.92, indicating a potential 2.12% upside.
Netflix's upcoming earnings report is highly anticipated, with analysts expecting an EPS of $5.12. The company's past performance shows that guidance can significantly impact stock price. Analysts' 'Outperform' rating and a price target of $720.92 suggest a positive outlook, contributing to a likely short-term price increase.
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