Netflix Inc. (NFLX - Free Report) is set to report third-quarter 2018 results on Oct 16.
Notably, the company’s earnings have beaten the Zacks Consensus Estimate in two of the trailing four quarters, delivering an average negative surprise of 0.39%.
In the last reported quarter, the company’s earnings of 85 cents per share surpassed the Zacks Consensus Estimate by a nickel. The figure was much better than 15 cents reported in the year-ago quarter.
Revenues of $3.91 billion lagged the consensus mark of $3.94 billion. However, the top line surged 40.1% year over year, driven by solid streaming revenues that jumped 42.8% from the year-ago quarter.
For the third quarter of 2018, Netflix forecasts earnings of 68 cents per share. Management expects to add 0.65 million subscribers in the domestic streaming segment and 4.35 million subscribers in the international segment for the current quarter.
Let’s see how things are shaping up for this announcement.
Netflix, Inc. Price and EPS Surprise
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Netflix Inc. (NFLX - Free Report) is set to report third-quarter 2018 results on Oct 16.
Notably, the company’s earnings have beaten the Zacks Consensus Estimate in two of the trailing four quarters, delivering an average negative surprise of 0.39%.
In the last reported quarter, the company’s earnings of 85 cents per share surpassed the Zacks Consensus Estimate by a nickel. The figure was much better than 15 cents reported in the year-ago quarter.
Revenues of $3.91 billion lagged the consensus mark of $3.94 billion. However, the top line surged 40.1% year over year, driven by solid streaming revenues that jumped 42.8% from the year-ago quarter.
For the third quarter of 2018, Netflix forecasts earnings of 68 cents per share. Management expects to add 0.65 million subscribers in the domestic streaming segment and 4.35 million subscribers in the international segment for the current quarter.
Let’s see how things are shaping up for this announcement.
Netflix, Inc. Price and EPS Surprise
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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