How Accurate Are Netflix Guidance Targets, Really?
Digital video veteran Netflix (NASDAQ: NFLX) makes kind of a big deal about the accuracy of its guidance targets. The company publishes the same financial projections that management uses for decision-making purposes.
"The quarterly guidance we provide is our actual internal forecast at the time we report," Netflix writes in its quarterly shareholder letters.
We're about to get another earnings report from Netflix after the closing bell tonight. In preparation for that event, let's take a closer look at the accuracy of those internal forecasts in recent quarterly reports.
Source Fool.com
