🔥Stock Prediction: How will Netflix close Wed 19/4 following their earnings?
Click to vote. Guess how will Netflix close Wed 19/4 following their earnings?? If you get the correct answer, you may divide 1000 Tiger Coins with other Tigers. $Netflix(NFLX)$
Netflix is slated to announce its first quarter earnings results on Tuesday, April 18th after the market closes. Investors are eagerly awaiting the announcement, as it will give a better indication of the streaming giant's financial performance. Lets's guess where Netflix will move following their earnings?
🔙 Latest Results
The company reported Q4 earnings of $0.12 per diluted share, down from $1.33 a year earlier. Revenue for the quarter that ended Dec. 31 was $7.85 billion, up from $7.71 billion a year earlier. Its global paid net additions stood at 7.66 million in Q4, compared with 8.28 million a year earlier.
📒Netflix Q1 earnings consensus
For Q1, Netflix said it expects EPS of $2.82 on revenue of $8.17 billion. Analysts are looking for EPS of $2.98 and revenue of $8.16 billion. JP Morgan forecasts its Q1 subscribers to come in at 1.5 million with Q2 net additions hitting 3.25 million.
💡Analyst Opinions
JPMorgan analyst Doug Anmuth reiterated the outperform rating and a 12-month price target of $390 a share, he categorized advertising momentum as one of the main catalysts for his bullish call, and he expects Q1 subscribers to come in at 1.5 million with Q2 net additions hitting 3.25 million. For more information about Netflix Earnings Preview, please click here.
Netflix's Q1 2023 earnings call will be held on April 19 2023 at approximately at 8:00 SGT. To set a reminder, please click here
💰Event Details
Click to vote. Guess where$NFLX(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 Time
The deadline for this event is 21:00 on 19th April 2023
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How will Netflix close Wed 19/4 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.
🌟🌟🌟Amidst slowing global economy, I believe that $Netflix(NFLX)$
will close flat. It is facing intense competition from other streaming competitors like Disney, Amazon Prime. However it is continuing to rein in costs with workforce reductions and trimming of content spending.
Netflix is also cracking down on passwords and its new ad-supported subscription should improve its earnings.
Analysts forecast an average net earnings of USD2. 86 a share on revenue of USD 8. 18 billion.
An important consideration would be Netflix's net subscription additions globally. Analysts forecast Netflix to add 2.28 million subscribers in the March quarter, far below its usual average of 7 million subscribers in the past.
But in the long term, I am cautiously optimistic on Netflix to continue its growth trajectory with the latest measures of cost cutting and introduction of ad-supported subscriptions to propel increase in subscription numbers.
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Voted flat even I'm not own any share at all.
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因為早前疫情期間
因為多人留在家中觀看電影
但隨着各國開放通關之後
人們已多出國旅遊
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