Netflix has ranked among analysts' favorite "stay at home" stocks as many have shifted to remote work and new entertainment options during the coronavirus pandemic.Reed Hastings attends Reed Hastings panel during Netflix 'See What's Next' event at Villa Miani on April 18, 2018 in Rome, Italy.is set to report its Q1 2020 earnings after the bell on Tuesday.
Wall Street is anticipating earnings per share of $1.65 on revenue of $5.76 billion, based on Refinitiv consensus estimates. Domestic paid subscriber additions is expected to come in at 775,000 and international paid subscriber additions is expected to be 7.2 million, according to FactSet. However, it's difficult to compare reported earnings to analyst estimates for Netflix's first quarter, as the impact of the coronavirus pandemic on earnings is complicated to assess.
Then profit takers will liquidate it like it was a pump and dump and the stock will stabilise. Just saying.
But it's the same ... Reporting for any company even if the do really well but fall short of analyst's expectations the market will crucify it. And even if it does really badly, (which it won't) but does better than analyst's expectations Netflix price will soar.
Watching Netflix is watching other people be successful. Doesn’t help with own earnings or gettin’ a job.
These earnings could be much better with a siriusxm / pandoramusic merger.
I wish they’d merge with pandoramusic!
Sell !
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