A Look at Netflix's Upcoming Earnings Report

Netflix (NASDAQ:NFLX) is set to give its latest quarterly earnings report on Thursday, 2024-10-17. Here's what investors need to know before the announcement.

Analysts estimate that Netflix will report an earnings per share (EPS) of $5.12.

Netflix bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Performance in Previous Earnings

The company's EPS beat by $0.14 in the last quarter, leading to a 1.51% drop in the share price on the following day.

Here's a look at Netflix's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

4.74

4.52

2.22

3.49

EPS Actual

4.88

5.28

2.11

3.73

Price Change %

-2.0%

-9.0%

11.0%

16.0%

Performance of Netflix Shares

Shares of Netflix were trading at $705.98 as of October 15. Over the last 52-week period, shares are up 74.5%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analysts' Take on Netflix

Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Netflix.

Analysts have given Netflix a total of 26 ratings, with the consensus rating being Outperform. The average one-year price target ...