second-quarter figures largely disappointed investors, but Wall Street firms mostly see the report as a bump in the road.
Still, earnings and forward guidance left shareholders wanting. Profits totaled $1.59 per share over the period, missing the $1.82 estimate. Netflix forecasted 2.5 million new users joining its service in the third quarter, reflecting a 75% decline from the previous three-month period. It also came in well below the consensus projection of a 5.1 million increase, according to Bloomberg data.
Here's what three analysts had to say about the lackluster report and where Netflix shares are heading.A Wall Street expert breaks down his 5-part strategy that could quadruple returns for investors buying the market's smallest companiesThe company's lighter-than-expected guidance and strong second-quarter subscriber growth suggest some of its upcoming demand arrived sooner than expected, analysts led by Maria Ripps said Friday.
The ultimate guide to getting started in real-estate investing — according to entrepreneurs who built multimillion-dollar empires from scratchAnalysts led by Douglas Mitchelson downgraded Netflix stock to "neutral" from "outperform" following the earnings miss, citing "a lack of near term catalysts.
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