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Ahead of Netflix (NFLX) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
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The upcoming report from Netflix (NFLX - Free Report) is expected to reveal quarterly earnings of $0.82 per share, indicating an increase of 39% compared to the year-ago period. Analysts forecast revenues of $12.87 billion, representing an increase of 11.8% year over year.
Over the last 30 days, there has been a downward revision of 0.7% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
In light of this perspective, let's dive into the average estimates of certain Netflix metrics that are commonly tracked and forecasted by Wall Street analysts.
The consensus among analysts is that 'Revenue- United States and Canada (UCAN)' will reach $5.58 billion. The estimate points to a change of +9.9% from the year-ago quarter.
Analysts' assessment points toward 'Revenue- Asia-Pacific (APAC)' reaching $1.53 billion. The estimate suggests a change of +12.1% year over year.
Analysts expect 'Revenue- Latin America (LATAM)' to come in at $1.61 billion. The estimate indicates a year-over-year change of +17.7%.
It is projected by analysts that the 'Revenue- Europe, Middle East and Africa (EMEA)' will reach $4.14 billion. The estimate indicates a change of +12% from the prior-year quarter.
Shares of Netflix have demonstrated returns of -7.6% over the past month compared to the Zacks S&P 500 composite's +1.4% change. With a Zacks Rank #4 (Sell), NFLX is expected to lag the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Ahead of Netflix (NFLX) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
The upcoming report from Netflix (NFLX - Free Report) is expected to reveal quarterly earnings of $0.82 per share, indicating an increase of 39% compared to the year-ago period. Analysts forecast revenues of $12.87 billion, representing an increase of 11.8% year over year.
Over the last 30 days, there has been a downward revision of 0.7% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
In light of this perspective, let's dive into the average estimates of certain Netflix metrics that are commonly tracked and forecasted by Wall Street analysts.
The consensus among analysts is that 'Revenue- United States and Canada (UCAN)' will reach $5.58 billion. The estimate points to a change of +9.9% from the year-ago quarter.
Analysts' assessment points toward 'Revenue- Asia-Pacific (APAC)' reaching $1.53 billion. The estimate suggests a change of +12.1% year over year.
Analysts expect 'Revenue- Latin America (LATAM)' to come in at $1.61 billion. The estimate indicates a year-over-year change of +17.7%.
It is projected by analysts that the 'Revenue- Europe, Middle East and Africa (EMEA)' will reach $4.14 billion. The estimate indicates a change of +12% from the prior-year quarter.
View all Key Company Metrics for Netflix here>>>Shares of Netflix have demonstrated returns of -7.6% over the past month compared to the Zacks S&P 500 composite's +1.4% change. With a Zacks Rank #4 (Sell), NFLX is expected to lag the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .