Back to top
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.
Is Netflix (NFLX) a 'Buy' Ahead of Q2 Earnings Announcement?
Streaming pioneer Netflix (NFLX - Free Report) is set to report Q2 earnings results on Thursday after the closing bell. Netflix, a Zacks Rank #2 (Buy), has handily outperformed the market year-to-date with a better than 40% return. But with markets looking extended in the short-term, is the stock a buy heading into the release?
Find the latest EPS estimates and surprises on Zacks Earnings Calendar.
Analysts are expecting NFLX to deliver quarterly earnings of $7.07 per share, reflecting a nearly 45% improvement relative to the same quarter in the prior year. Projected revenues of $11.06 billion would mark a 15.7% jump versus the year-ago period.
Netflix has beaten earnings estimates in each of the past four quarters. The streaming giant boasts a 6.94% average earnings surprise over that timeframe.
Strong member retention and healthy engagement levels support its ambitious targets. Key content returners in 2025 like Wednesday and Stranger Things hold promise. Our proprietary earnings model conclusively predicts another earnings beat for the upcoming announcement.