Netflix Stock Stumbles, But Q3 Earnings Could Flip The Script For Investors
Portfolio Pulse from Surbhi Jain
Netflix Inc (NASDAQ:NFLX) is set to report its Q3 earnings, with Wall Street expecting $5.12 EPS and $9.77 billion in revenues. The stock has risen significantly over the past year but currently shows a mixed technical outlook. Analysts maintain a 'Buy' rating with a slight upside potential.
October 16, 2024 | 6:35 pm
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Netflix is expected to report Q3 earnings with $5.12 EPS and $9.77 billion in revenues. The stock shows a mixed technical outlook, with short-term bearish signals but long-term bullish indicators. Analysts maintain a 'Buy' rating with a slight upside potential.
The article discusses Netflix's upcoming Q3 earnings report, with expectations of $5.12 EPS and $9.77 billion in revenues. The stock has shown significant growth over the past year but currently faces short-term bearish technical indicators. However, long-term indicators and analyst ratings suggest a bullish outlook. The consensus analyst rating is 'Buy' with a slight upside potential, indicating a neutral short-term impact as the market awaits the earnings report.
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