div > div.group > p:first-child"> It was a tale of two stories for Netflix according to Wall Street analysts. While the company posted first-quarter revenue that beat estimates, it also warned that it expected light second-quarter guidance.
Worries about churn are overblown according to analysts at UBS."Chill about Netflix churn fears," analyst Eric Sheridan said. "NFLX's 1Q19 earnings may be controversial to some—mostly because of the light 2Q sub outlook—but we think there's much more to like here than not. Key positives that stand out to us: 1) 1Q paid net adds of 9.6M, above expectations of ~9.5M, led by Int'l upside to the guide of 560k; 2) 1Q operating margin of 10.2% was well ahead of our & consensus 8.
"As Netflix's content investments, distribution partnerships and marketing spend drive subscriber growth significantly above consensus expectations and the company approaches an inflection point in cash profitability, we believe shares of NFLX will continue to significantly outperform. We remain Buy rated and raise our 12-month price target to $460 from $450 to reflect faster subscriber growth expectations, particularly in international markets.
"All said, 1Q19 results do little change our view on the trajectory of Netflix's fundamentals. We reiterate our In Line rating /$350PT and continue to view the risk / reward balance at these levels as fair ."
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Here's what major analysts think of Netflix before its earnings report TuesdayAnalysts watching Netflix closely as it reports earnings after the bell.
Source: CNBC - 🏆 12. / 72 Read more »
From JPMorgan to Reed Hastings, here's who has the most at stake ahead of Netflix earningsNetflix is set to release its quarterly earnings after the bell on Tuesday. Markets Insider has compiled data on the stock's biggest shareholders.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Tech stocks are best positioned this earnings season, says analyst Nick Colas'Technology is honestly the place where you have to look both because of its importance to market and because you have a wide disparity of expectations, ' says DataTrek Research's Nick Colas.
Source: CNBC - 🏆 12. / 72 Read more »
Netflix set to report Q1 2019 earnings after the bellNetflix will report its first quarter 2019 earnings after the bell as more media companies enter the streaming space. Walt Disney puede hacerle pupa a este pequeño....
Source: CNBC - 🏆 12. / 72 Read more »
Netflix drops on earnings reportNetflix revealed that more than 20 million households have watched its Fyre Festival documentary in its Q1 2019 earnings report.
Source: CNBC - 🏆 12. / 72 Read more »
Netflix drops on earnings report showing weak guidance, CMO retiresNetflix reported its first-quarter 2019 earnings after the bell as more media companies enter the streaming space. And they raised their prices again! Maybe spend less on shitty Will Smith films? JUSTATHOUGHT NETFLIX I saw this coming.
Source: CNBC - 🏆 12. / 72 Read more »
LIVE: Netflix reports Q1 earningsInvestors will be looking for solid subscriber growth when Netflix reports first-quarter earnings on Thursday, ahead of new competition from Disney.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Morgan Stanley is set to report first-quarter earnings — here's what the Street expectsMorgan Stanley is the last of the six largest U.S. banks to report first-quarter earnings. Very Interesting ! I also like InstaCryptoNews
Source: CNBC - 🏆 12. / 72 Read more »
JP Morgan Chase is set to report first-quarter earnings – here's what the Street expectsBank stocks under-performed the broader market in the first quarter after the Federal Reserve said in March that it was pausing rate hikes for the remainder of the year. 9 Wall Street Execs Who Cashed In on the Crisis. Meet the moguls who made out like bandits. (NO JAIL TIME) BIG FAT BONUSES.!! 2008.!! TAX CUTS TO THE RICH DON'T WORK!! WHEN YOU DON'T PUT THESE SOB'S IN JAIL YOU GET MORE OF THE SAME.!! katieporteroc
Source: CNBC - 🏆 12. / 72 Read more »
Goldman Sachs is set to report first-quarter earnings — here's what the Street expectsIt's only Goldman Sachs CEO David Solomon's second quarter running the bank, but analysts will have plenty of questions for him. Pocahontas ewarren is ready to bash the ‘greedy bankers’ regardless of earnings report numbers!
Source: CNBC - 🏆 12. / 72 Read more »