Netflix Stock Has a Lot to Prove This Week
Earnings season is here, and (NASDAQ: NFLX) shareholders are hoping that the premium streaming video leader isn't caught buffering. The shares hit a new 23-month high earlier this month. A strong report on Tuesday afternoon could send Netflix stock to a fresh two-year high.
A lot can go right. A lot can go wrong. Let's look at Netflix's own guidance and analyst expectations. Then let's pivot to see what bulls and bears are looking for when the streaming services pioneer steps up for its telltale financial update.
Netflix is the world's most popular premium video service, with 247.2 million subscribers worldwide at the end of September. Its guidance in mid-October for the fresh financials it will discuss this week was encouraging. Netflix was modeling a record $8.69 billion in revenue for the holiday quarter, a 10.7% increase over the prior year. A nearly 11% year-over-year gain on the top line may not seem like much, but it would be the first time Netflix posts a double-digit percentage jump in revenue in two years.
Source Fool.com
Netflix Inc. Stock
Our community is currently high on Netflix Inc. with 81 Buy predictions and 8 Sell predictions.
With a target price of 609 € there is a slightly positive potential of 4.71% for Netflix Inc. compared to the current price of 581.6 €.
