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