, led by co-CEOs Ted Sarandos and Greg Peters and executive chairman Reed Hastings, reports its third-quarter financial and subscriber figures on Thursday, Oct. 17, will investors get to chill or will the debate about the stock’s outlook get heated?
When the streamer reports its latest quarterly results and shares its outlook on Thursday, investors are once again keeping eyes and ears out for subscriber trends, the progress of the company’sHeading into the earnings report, Wall Street analysts mostly remained bullish, with several further raising their stock price targets, but at least one questioned if the stock has gotten ahead of itself given its gains so far this year. As one expert noted on Oct.
Arguing that such recent initiatives as the password-sharing crackdown and ad tier push have been “pulling forward” growth and led to “unrealistic” long-term expectations among investors, Venkateshwar concluded: “Present valuation appears out of sync with probable growth path.”
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