🔥Stock Prediction: How will Netflix close Friday 20/1 following their earnings?
Click to vote. Can you predict where$NFLX(NFLX)$ will move following their earnings? If you get the right answers, you can get 10 Tiger Coins. In addition, you have the chance of winning 100 Tiger Coins.Netflix is scheduled to announce Q4 earnings results after the market closes on next Thursday, January 19 2023. Lets's guess where Netflix will move following their earnings?
🔙 Latest Results
It reported Q3 revenue of $7.93 billion, up from $7.48 billion a year earlier, earnings of $3.10 per share fell from $3.19 a year ago, and it added 2.41 million net new subscribers in Q3 after contracting by 200,000 and 970,000 in Q1 and Q2.
📒Netflix Q4 earnings consensus
Wall Street forecasts that Netflix will report a 1.6% year-on-year rise in revenue to $7.831 billion in the fourth quarter. Net income at the bottom-line is expected to drop 43% to $344.67million.
💡Analyst Opinions
JPMorgan analyst Doug Anmuth reiterated it as overweight and offered the price target of $330, he remained bullish on the company’s ability to reaccelerate revenue, expand operating margins & grow FCF in 2023, and estimated that the ad-supported plan may bring in 250K users in Q4 and the company can add 4.75 million net new subscribers in Q4. For more information about Netflix Earnings Preview, please click here.
Netflix's Q4 2022 earnings call will be held on January 19 2023 at approximately at 3:00 p.m. Pacific Time. To set a reminder, please click here
💰Activity Details
- Click to vote. Guess where$NFLX(NFLX)$ will move following their earnings? If you get correct answers, you can get 10 Tiger Coins.
- Reply and forward this post, share your insights about Netflix's financial reports, we will give 100 Tiger Coins with outstanding comments.
⏰Event Time
The deadline for this event is 23:00 on January 19 2023
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How will Netflix close Friday 20/1 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.
🌟🌟🌟$Netflix(NFLX)$
has been on a roller coaster ride in the past year from a high of USD 526.64 to a low of USD 162.71. In the past month it has jumped 13% and today it closed 0.03% up at USD 326.33.
I predict that Netflix will close flat this evening as it is expected to report its slowest quarterly revenue growth as its ad supported plan did not attract as many customers it expected due to intense competition from Amazon Prime and Disney.
The key criteria to look out for when evaluating Netflix share price movement is its subscriber growth, its huge content spending admid rising interest rates and whether its ad content subscription will improve revenue.
While Netflix is the world's largest streaming service with 223 million paid memberships in over 190 countries, its heyday of double digit subscriber growth maybe over.
I predict Netflix share price will be flat tonight at USD 320 to USD 325 range.
@Tiger_Comments
World Wrestling Entertainment Inc.'s search for a buyer or some other business arrangement has "a reasonable probability of success" that could draw the interest of streaming giants like Netflix Inc. (NFLX) and Amazon.com Inc. (AMZN), Wells Fargo analysts said Tuesday.
Those analysts upgraded WWE (WWE) shares to their version of hold from sell. They increased their price target to $100 from $52, saying interest from buyers and the value of TV rights could give the company a value of as much as $8 billion.
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Netflix is a good stock because it has strong fundamentals and a long track record of growth. Its revenue and subscriber base have grown consistently over the past several years, and the company has a powerful competitive advantage in the streaming industry. Additionally, Netflix has a large and growing international presence, giving it access to new markets and potential for further growth.
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