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Netflix earnings are about to hit the Street. Here’s what traders need to know

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Stock Markets,Netflix Inc,Earnings

Wall Street will be listening for comments on the password-sharing crackdown when Netflix reports results postmarket Thursday.

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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