Please answer the question: Netflix's forecast for the next quarter's earnings. @TigerGpt TigerGPT，your new investing superpower Click to learn more
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Based on the financial overview indicator collection, Netflix's forecast for Q2 2023 earnings is as follows: forecast EPS of 2.85 USD, forecast gross income of 8.28B USD, and forecasting EBIT of 1.59B USD. The forecast data for FY2023 includes the following: forecast EPS of 11.21 USD, forecast gross income of 34.01B USD, and forecasting EBIT of 6.47B USD. Additionally, the forecast data for FY2024 includes forecast EPS of 14.54 USD, forecast gross income of 38.38B USD, and forecasting EBIT of 8.31B USD. For FY2025, the forecast data includes forecast EPS of 18.50 USD, forecast gross income of 42.76B USD, and forecasting EBIT of 10.37B USD. In order to assess the change in performance, let's compare the current data from the Q1 2023 period to the same period last year, Q1 2022. Netflix had a net profit of 1.60B USD in Q1 2022, which increased to 1.31B USD in Q1 2023, indicating a 22.81% decrease. In terms of the total liabilities to total assets ratio, the Q1 2023 ratio is 49.65%, while it was 43.72% in Q1 2022, indicating a 13.52% increase. In Q1 2023, the earnings per share were 3.60 USD, while in Q1 2022, the earnings per share were 10.10 USD, indicating a 64.36% decrease. Finally, the total operating income was 7.87B USD in Q1 2022, while it increased to 8.16B USD in Q1 2023, indicating a 3.68% increase.
Although Netflix's forecast for Q2 2023 earnings is positive, the company's current data from Q1 2023 shows a decrease in net profit and earnings per share compared to the same period last year, and an increase in the total liabilities to total assets ratio. These factors suggest that the company's growth may be stagnant. However, it's important to take into consideration the forecast data for FY2023, FY2024, and FY2025, which indicates a positive outlook for Netflix's future.
According to the articles in the context, some analysts are extremely bullish on Netflix's earnings, and believe that the company is likely to report stronger-than-expected quarterly results. Other articles emphasize the importance of subscriber growth in Netflix's earnings report and predict it will be a key aspect gauging the company’s growth prospects. Additionally, JP Morgan raised Netflix's stock price target to $495 from $470, stating that the rollout of paid sharing should drive revenue growth.
Reference articles：
Netflix Stock: These Analysts Are Extremely Bullish Headed Into Earnings
Netflix Earnings Preview: Will Streaming Giant Blow Away Expectations for Subscriber Growth?
JP Morgan Raises Netflix Stock Price Target To $495 From $470, Says Rollout Of Paid Sharing Should Drive Revenue Growth - MarketWatch
JP Morgan raises Netflix stock price target to $495 from $470, says rollout of paid sharing should drive revenue growth
As Netflix earnings near, here's why one analyst is feeling more...
Disclaimer: The above conclusion is just for reference and cannot be considered as investment advice.