S&P 500 companies’ profit is set to grow for a fifth straight quarter, with the consensus modeling earnings growth of 4.1% for the third quarter. Netflix, Inc.(NASDAQ:NFLX) is the first high-profile communication services company to report this earnings season, with its earnings scheduled to drop after the market close on Thursday.
Deepwater Asset Management’s Gene Munster shared his expectations from the report in a post on X on Monday.
Netflix Stock Rally: Munster in a post said that Netflix shares have gained 142% since the Magnificent 7 became the tech investing standard in Jan. 2023, with the stock now perched near its all-time high. During the same period, the Magnificent 7 as a group rallied 244%, ...
