The unofficial start of the first-quarter reporting season for technology giants begins with Netflix after the bell Thursday. Shares of the media behemoth have kicked off the year on a strong note, rallying nearly 26% and outperforming the broader S & P 500. The pressure is on for Netflix following two back-to-back quarterly reports that boosted shares double-digits in the ensuing trading sessions.
mountain Shares this year For the first quarter, analysts polled by LSEG expect Netflix to report earnings of $4.52 per share on roughly $9.28 billion in revenue. The closely-watched subscriber add figure is expected to come in at 4.59 million, according to Street Account. Wall Street anticipates a largely rosy setup for the stock, with many forecasting that the company beats, or reports in line with expectations.
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