Streaming pioneer Netflix (NFLX - Free Report) is set to report first-quarter results on Thursday after the bell. Netflix, a Zacks Rank #3 (Hold), has exceeded the earnings mark in three of the past four quarters. But with the market pulling back for the first time in 2024, is NFLX a buy before the announcement?
Analysts are expecting NFLX to deliver quarterly earnings of $4.50 per share, reflecting a 56.3% improvement relative to the same quarter in the prior year. Revenues of $9.26 billion would mark a 13.4% jump versus the year-ago period.
Netflix is benefitting from its growing subscriber base and a crackdown on password-sharing. The streaming giant has delivered a trailing four-quarter average earnings surprise of 5.4%.
Shares have handily outperformed the market in 2024 with a better than 25% return. Our proprietary Zacks Earnings ESP predicts another earnings beat for the upcoming announcement.
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Streaming pioneer Netflix (NFLX - Free Report) is set to report first-quarter results on Thursday after the bell. Netflix, a Zacks Rank #3 (Hold), has exceeded the earnings mark in three of the past four quarters. But with the market pulling back for the first time in 2024, is NFLX a buy before the announcement?
Analysts are expecting NFLX to deliver quarterly earnings of $4.50 per share, reflecting a 56.3% improvement relative to the same quarter in the prior year. Revenues of $9.26 billion would mark a 13.4% jump versus the year-ago period.
Netflix is benefitting from its growing subscriber base and a crackdown on password-sharing. The streaming giant has delivered a trailing four-quarter average earnings surprise of 5.4%.
Shares have handily outperformed the market in 2024 with a better than 25% return. Our proprietary Zacks Earnings ESP predicts another earnings beat for the upcoming announcement.
Free Report – The Bitcoin Profit Phenomenon
Zacks Investment Research has released a Special Report to help you pursue massive profits from the world’s first and largest decentralized form of money.
No guarantees for the future, but in the past three presidential election years, Bitcoin’s returns were as follows: 2012 +272.4%, 2016 +161.1%, and 2020 +302.8%.
Zacks predicts another significant surge. Click below for Bitcoin: A Tumultuous Yet Resilient History.
Download Now – Today It’s FREE >>
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