Earnings Calendar (14Oct24) - Can Netflix DOUBLE again?

KYHBKO
10-14

Earnings Calendar (14Oct24)

Q4/2024 has started. We have some interesting earnings namely, Citi, ASML, TSMC, Netflix and Goldman Sachs.

Let us look at Netflix.

Observations about Netflix.

  • Revenue grew from $5.5 billion in 2014 to $33.7 billion in 2023.

  • Gross profit grew from $1.7 billion in 2014 to $14 billion in 2023.

  • The operating profit grew from $403 million in 2014 to $6.9 billion in 2023.

  • Earnings per share grew from $0.62 in 2014 to $12.03 in 2023.

  • The price-earnings ratio is 44.2.

  • The 10-year median margin gross profit stands at 37.6%.

  • The 10-year median margin for free cash flow stands at a negative 6.7%.

The stock grew 103.21% from a year ago.

Investing dot com has a “Strong Buy” rating from Technical Analysis.

For Analysts’ sentiment, there is a “Buy” rating with a target price of $712.28 (that suggests a downside of 1.45%).

For the coming earnings, the forecast of the EPS and Revenue are $5.10 and $9.77B respectively.

Netflix looks to be on track for another record earning and its outlook will be key on how the market will respond to the earnings. I am not sure if Netflix is able to double again but the growth trend looks strong. This is one stock that I am feeling mixed towards - popularity of their shows are not guaranteed.

@TigerStars

$Netflix(NFLX)$

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