Stock Prediction: The Closing Price of Netflix
$Netflix(NFLX)$ reports 2021 fourth-quarter financial results on Thursday, Jan. 20, after the market close.Here are three things to look out for when Netflix reports earnings.
Management expects Netflix to add 8.5 million new subscribers in Q4. This would be the highest total of any quarter in 2021, and it would be on par with the fourth quarter of 2020. If the company can hit this target, it would be the second straight quarter of accelerating membership growth.
💰Price Hike
Late Friday, Netflix raised its prices for subscribers in the U.S. and Canada by 11%.Netflix's price increases were larger than anticipated, said KeyBanc Capital Market analyst Justin Patterson. The increases could provide a 1% boost to 2022 revenue estimates, he said in a note to clients. Patterson rates Netflix stock as overweight, or buy, with a price target of 620.
📒Financial Position
Followers of Netflix know that it has been burning cash year in and year out. Management forecasts the operating margin to come in at 6.5%.The margin will be significantly lower in the fourth quarter than in prior quarters because of the huge content slate, which will result in greater expenses for Netflix during the given period.
The business expects to break even in terms of free cash flow for 2021. And starting in 2022, Netflix should start producing positive cash flows. so you may focus on financial position if you want to invest Netflix.
📢Event Broadcast
- Predict the closing price of $Netflix(NFLX)$ on Jan 21, Friday SGT
- Please round your answer to a whole number, for example, round $323.57 to $324.
- Leave your answer in the comment section! Tigers who have the right answer will be rewarded 100 Tiger Coins!
⏰Event Time
- The deadline for this event is 23:00 on Jan 21 Friday SGT
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☎️You may also be interested in: NFLX Q4 2021 Earnings Conference Call
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Hmm worth thinking and following the stock [Thinking]
Closed 505
@TigerStars @CaptainTiger ready steady go