🔥Stock Prediction: How will Netflix close on 19/10 after its earnings?
Click to vote. Can you predict where $NFLX(NFLX)$ will move following their earnings? If you get the right answers, you can get 20 Tiger Coins. In addition, you have the chance of winning 100 Tiger Coins.$NFLX(NFLX)$ is scheduled to announce its Q3 earnings results after the stock market closes on Tuesday, 18 October 2022. Lets's guess where Netflix will move following their earnings?
🔙 Latest Results
In the last reported quarter,Netflix reported EPS of $3.20, versus the consensus estimate of $2.96. Revenue grew 9% year-over-year to $7.97 billion, slightly below the consensus estimate of $8.03 billion.📒Netflix Q3 earnings consensus
Wall Street forecasts that Netflix will report a 4.9% year-on-year rise in revenue to $7.849 billion in the third quarter. Net income at the bottom-line is expected to drop 19.9% to $1.052 billion.
💡Highlights of Netflix Q3 earnings preview
For the first time in a long time, investors may not be focused on Netflix's subscriber growth, looking instead for details around the launch of a nascent ad-supported tier, which will provide a new revenue stream and may reignite user growth.
Markets were wary when this plan was announced considering Netflix had repeatedly shunned the idea and claimed there was no ‘easy money’ to be made by venturing into the competitive world of advertising considering it is dominated by powerful players including Alphabet, Amazon and Meta. However, Disney announced that it was going to launch an ad-supported service back in March, when Netflix said ads did not feature in its plans, and this piled on more pressure.
The opinion around Netflix’snewad-supported tier has improved recently and investors are starting to warm to the idea that it could not only revive subscriber growth but improve profitability.
Though Netflix reiterated its 19-20% full-year operating-margin target, forex swings will hurt 3Q margin, likely trimming it to 16%. This is because 60% of revenue is in foreign currency, with almost all expenses dollar denominated. The company is reining in its content budget, suggesting substantial free cash flow growth in 2023, with consensus for $2 billion. For more information about Netflix Earnings Preview, please click here.
Netflix's Q3 2022 earnings call will be held on Tuesday, October 18, 2022, at approximately at 3:00 p.m. Pacific Time. Click here to set a reminder
💰Activity Details
- Click to vote. Guess where $NFLX(NFLX)$ will move following their earnings? If you get correct answers, you can get 20 Tiger Coins.
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⏰Event Time
The deadline for this event is 21:00 on Tuesday, 19 October 2022
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How will Netflix close on 19/10 after its 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.
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Netflix is currently facing intense competition from its rivals which are Amazon, Apple and Disney in the video streaming service.
However Netflix has just announced a cheaper option for its customers with adverts next month.
There is the issue of account sharing which Netflix said amounts to 100 million worldwide.
Netflix's share price has dropped a massive 61% YTD.
High inflation and slowing economy will put households under pressure to cut back on discretionary spending.
Wall Street Analysts current consensus is a HOLD for Netflix. However the Target Price is 295.76, a 27% upside in the next 12 months.
I predict that Netflix's share price will be in the Red Zone between 225 to 230 on 18 October.
In the long term I believe that Netflix will be able to bounce back from its present issues and be the King of online streaming service once again.
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However, advertising would definitely increase their revenue (the next question is price competition, how much revenue can it bring in?)
Perhaps after a while when the new customer-type has grown to critical size only then it's worth advertising? What do u think?
我觉得会下跌超过5%。$奈飞.US 首次遭遇订阅用户流失，共减少约 20 万订阅用户。
奈飞在过去一年下跌了 63%，市场计入了奈飞线上流媒体市场趋近饱和（新增用户增长在上一个季度继续大幅下跌了 97 万），收入增长大幅放缓。
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