🔥Stock Prediction: How will Netflix close Thursday 19/10 following their earnings?
Click to vote. Guess how will $Netflix(NFLX)$ close Thursday 19/10 following their earnings?? If you get the correct answer, you may divide 1000 Tiger Coins with other Tigers.
$Netflix(NFLX)$ is set to post its Q3 2023 earnings after the market close on Wednesday. Netflix's Q3 revenue is expected to be $8.54 billion, with an adjusted net profit of $1.582 billion and an adjusted EPS of $3.575, according to Bloomberg's consensus expectation.
Netflix's Q3 2023 earnings call will be held on 19th October 2023 at approximately at 8:00 SGT. To set a reminder, please click here
📒Analysts’ opinions
JPMorgan maintains a Buy rating and $455 price target"We remain positive on NFLX overall, but we recognize there is a growing list of questions into 3Q earnings w/the Street looking for more clarity around recent conference comments, ad business leadership changes, and whether a softer margin trajectory is coming from a position of competitive strength or slower growth (or both)," the analysts said.
Morgan Stanley analyst Ben Swinburne in an Oct. 11 report cut his Netflix stock price target by $20 to $430, while sticking to his neutral-type “equal-weight” rating, summarizing his rationale this way: “We trim estimates on higher content spend, perhaps from incremental licensing from its media competitors. As the streaming winner with global scale, Netflix deserves a premium. However, consensus estimates and (stock) valuation reflect too much too quickly from password sharing (payments) and advertising.”
For more information about Netflix Earnings Preview, please click Netflix Earnings Preview: Will Strikes and Advertising Business Weigh on Operating Margins?
💰Event Details
Click to vote. Guess where $Netflix(NFLX)$ will move following their earnings? If you get the correct answer, you may divide 1000 Tiger Coins with other Tigers.
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⏰Event Duration
The deadline for this event is 21:00 on 19th October 2023
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How will Netflix close Thursday 19/10 following their earnings?(Single choice)Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Click to vote. Guess where $Netflix(NFLX)$ will move following their earnings? If you get the correct answer, you may divide 1000 Tiger Coins with other Tigers.
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