We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Netflix (NFLX) Set to Report Q4 Earnings: What to Expect?
Read MoreHide Full Article
Netflix (NFLX - Free Report) is set to report fourth-quarter 2020 results on Jan 19, 2021.
The company forecasts its fourth-quarter earnings to be $1.35 per share, implying year-over-year growth of 3.8%.
The Zacks Consensus Estimate is currently pegged at $1.38 per share, up 0.7% over the past 30 days. Moreover, the figure indicates 6.2% growth from the year-ago quarter’s reported figure.
Further, total revenues are anticipated to be $6.57 billion, up 20.2% year over year. The consensus mark for fourth-quarter revenues is currently pegged at $6.60 billion, suggesting 20.8% growth from the figure reported in the year-earlier quarter.
Notably, the company missed the Zacks Consensus Estimate in three of the trailing four quarters, missing the same in the one, the average surprise being 28.9%.
Let’s see how things are shaping up for this announcement.
Factors to Consider
Netflix is expected to have faced stiff competition from the launch of new services like Disney+ from Disney (DIS - Free Report) , HBO Max, Peacock and Apple TV+ from Apple (AAPL - Free Report) , as well as existing services like Amazon (AMZN - Free Report) prime video.
However, courtesy of its diversified content portfolio, which is attributable to Netflix’s heavy investments in production and distribution of localized, foreign-language content and an expanding international footprint, the company is dominating the streaming market.
Moreover, Netflix is expected to have benefited from increased consumption of media content due to coronavirus-induced social distancing and lockdowns.
Netflix expects to end the fourth quarter of 2020 with 201.15 million paid subscribers globally, indicating growth of 20.4% from the year-ago quarter.
The Zacks Consensus Estimate for paid total streaming net membership addition is pegged at 6.19 million.
The consensus mark for Asia Pacific (APAC) revenues are pegged at $673 million, indicating 6% growth from the figure reported in the previous quarter.
The Europe, Middle East & Africa (EMEA) revenues are pegged at $2.09 billion, suggesting 10.5% growth from the figure reported in the previous quarter.
Moreover, the consensus mark for United States and Canada (UCAN) revenues are $2.98 billion, indicating 4.8% growth from the figure reported in the previous quarter.
Further, the Zacks Consensus Estimate for Latin America (LATAM) is pegged at $823 million, suggesting 4.8% growth from the figure reported in the previous quarter.
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 SherazMian hand-picks one to have the most explosive upside of all.
You know this company from its past glory days, but few would expect that it’s poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.
Image: Bigstock
Netflix (NFLX) Set to Report Q4 Earnings: What to Expect?
Netflix (NFLX - Free Report) is set to report fourth-quarter 2020 results on Jan 19, 2021.
The company forecasts its fourth-quarter earnings to be $1.35 per share, implying year-over-year growth of 3.8%.
The Zacks Consensus Estimate is currently pegged at $1.38 per share, up 0.7% over the past 30 days. Moreover, the figure indicates 6.2% growth from the year-ago quarter’s reported figure.
Further, total revenues are anticipated to be $6.57 billion, up 20.2% year over year. The consensus mark for fourth-quarter revenues is currently pegged at $6.60 billion, suggesting 20.8% growth from the figure reported in the year-earlier quarter.
Notably, the company missed the Zacks Consensus Estimate in three of the trailing four quarters, missing the same in the one, the average surprise being 28.9%.
Netflix, Inc. Price and EPS Surprise
Netflix, Inc. price-eps-surprise | Netflix, Inc. Quote
Let’s see how things are shaping up for this announcement.
Factors to Consider
Netflix is expected to have faced stiff competition from the launch of new services like Disney+ from Disney (DIS - Free Report) , HBO Max, Peacock and Apple TV+ from Apple (AAPL - Free Report) , as well as existing services like Amazon (AMZN - Free Report) prime video.
However, courtesy of its diversified content portfolio, which is attributable to Netflix’s heavy investments in production and distribution of localized, foreign-language content and an expanding international footprint, the company is dominating the streaming market.
Moreover, Netflix is expected to have benefited from increased consumption of media content due to coronavirus-induced social distancing and lockdowns.
Netflix expects to end the fourth quarter of 2020 with 201.15 million paid subscribers globally, indicating growth of 20.4% from the year-ago quarter.
This Zacks Rank #3 (Hold) company expects its paid-subscriber addition to be 6 million in the to-be-reported quarter, much slower than 8.76 million it added in the year-ago quarter. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for paid total streaming net membership addition is pegged at 6.19 million.
The consensus mark for Asia Pacific (APAC) revenues are pegged at $673 million, indicating 6% growth from the figure reported in the previous quarter.
The Europe, Middle East & Africa (EMEA) revenues are pegged at $2.09 billion, suggesting 10.5% growth from the figure reported in the previous quarter.
Moreover, the consensus mark for United States and Canada (UCAN) revenues are $2.98 billion, indicating 4.8% growth from the figure reported in the previous quarter.
Further, the Zacks Consensus Estimate for Latin America (LATAM) is pegged at $823 million, suggesting 4.8% growth from the figure reported in the previous quarter.
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 SherazMian hand-picks one to have the most explosive upside of all.
You know this company from its past glory days, but few would expect that it’s poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>