British inflation data this morning could be the toast of trading desks if it follows updates from the U.S. and Canada and surprises on the downside. A tentative rally in gilts is poised to extend and sterling could probably say goodbye to the strong side of $1.30.
Markets kept the rally going today across the board, with muted economic prints joining better-than-expected earnings reports for industry leaders making a heady brew for bullish investors. In fact, the S&P 500 and Nasdaq have
What happened
Netflix (NASDAQ: NFLX) is on the cusp of releasing its latest set of quarterly earnings, and analysts were upping their price targets in anticipation of a good show. On the back of two such hikes on Tuesday, investors pushed the entertainment stock's value up by 5.5
Below is Validea's guru fundamental report for NETFLIX INC (NFLX). Of the 22 guru strategies we follow, NFLX rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. This momentum model looks for a combination of fundamental momentum
What you need to know… The S&P 500 Index ($SPX ) (SPY ) Tuesday closed up +0.71%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +1.06%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.82%. Stocks Tuesday posted moderate gains, with the S&P 500...
Walt Disney (NYSE: DIS) CEO Bob Iger has indicated that he's willing to sell some of the company's media assets in order to position it for growth. Is that the right move? Travis Hoium digs into the question in this video.
Earnings news is back on the menu for investors this week, and with that news comes ETFs to play those results. Whether it’s Johnson & Johnson (JNJ), or Netflix (NFLX), ETFs can help. By using VettaFi’s ETF Stock Exposure tool, investors can see which ETFs have the highest weights towards a given stock. In this [...]
Read more at ETFtrends.com.
Netflix NFLX is set to release second-quarter 2023 results on Jul 19 after market close. Being the world's largest video streaming company, it is worth taking a look at its fundamentals ahead of the results.Netflix shares rallied
Shares of Netflix (NFLX ) climbed to a 17-month high today and are up more than +171% from a 6-year low in May 2022. The stock has surged over the past year after introducing an ad-supported subscription plan and cracking down on password sharing. However, the rally has raised valuation...
In an interview with Face the Nation on CBS this weekend, Barry Diller, the seasoned media mogul and chairman of IAC and Expedia Group, voiced his concerns over the ongoing contract conflicts in Hollywood and warned of long-term consequences if the disputes aren't resolved soon.
Some may be surprised to learn that the ongoing strikes by Hollywood writers and actors could actually be positive for streaming companies and their stocks. MoffetNathanson analyst Luke Landis explained in May that, as a result of the writers' strike, large streaming firms w
Netflix (
NASDAQ:NFLX
) will announce its second-quarter financial results on Wednesday, July 19, 2023. Ahead of Q2 earnings, it's important to know that the company’s recent initiatives, including the crackdown on password sharing and the launch of ad-supported plans, will likely
drive Q2 financials and the paid membership base.
While its efforts to monetize its platform efficiently augur well for growth, analysts’ average price target ahead of the Q2 print indicates that positives are already reflected in the stock price. For instance, NFLX stock has risen quite a lot (about 53% year-to-date and 138% in one year), which implies that the upside potential could be capped. Further, our Website Traffic tool shows a sequential slowdown. Let’s dig deeper.
Netflix – Q2 Expectations
Wall Street expects Netflix to report revenue of $8.28 billion in Q2, which compares favorably to the prior-year quarter’s revenue of $7.97 billion. Moreover, it is higher than the company’s guidance of $8.2 billion and shows a slight sequential improvement.
On the bottom line front, analysts expect NFLX to post
earnings of $2.85 per share, reflecting a decline on a year-over-year and sequential basis. The company’s EPS is expected to benefit from the crackdown on password sharing and the new ad plan, which is generating higher average revenue per member in the U.S. (subscription + ads) compared to the standard plan.
However, the reduction in price in several countries to drive adoption in the long term could hurt near-term profit. Further, tough year-over-year comparisons could remain a drag.
Website Traffic Shows Mixed Growth
Netflix’s solid content slate consistently drives engagement, which is crucial for customer retention and growth. TipRanks’ website traffic screener shows that traffic declined for NFLX on a sequential basis but increased from the year-ago quarter.
Per the tool,
the number of visits to netflix.com was down 6.9% quarter-over-quarter in Q2. However, website traffic jumped 36.05% on a year-over-year basis in Q2.
Learn how Website Traffic can help you research your favorite stocks
.
Is Netflix a Buy or Sell?
Wall Street analysts see Netflix as a winner in the streaming space. Further, they expect NFLX to remain shielded from the SAG–AFTRA (Screen Actors Guild – American Federation of Television and Radio Artists) strike due to its solid content pipeline. However, the considerable growth in its stock keeps analysts cautious in their optimism about further growth in NFLX stock.
Heading into the earnings,
Loop Capital analyst Alan Gould increased NFLX’s price target to $425 from $330 on July 17. However, the analyst reiterated a Hold recommendation given the recent run in its share price.
On a more positive note,
Deutsche Bank analyst Bryan Kraft maintained a Buy recommendation on NFLX stock on July 17. The firm also raised Netflix’s price target to $475 from $410. The analyst lauded the company’s solid revenue, earnings, and free cash flow growth capabilities.
Overall,
NFLX stock sports a Moderate Buy consensus rating on TipRanks, reflecting 19 Buy, 14 Hold, and two Sell recommendations. Moreover, due to the recent appreciation in stock price, analysts’ average price target of $424.63 implies 5.65% downside potential.
Disclosure
Major film and television studios offered Hollywood actors more than $1 billion in higher compensation and enhanced benefits before the SAG-AFTRA union called a strike last week, a group that represents media companies said on Monday.
So far this year, Tesla (TSLA) and Netflix (NFLX) stocks have soared +136% and +53% respectively. This certainly has investors wondering if it’s time to buy stock in these market leaders with their quarterly results approaching.
Earnings season is always an exciting time to be an investor, with companies finally pulling the curtain back and unveiling what’s transpired behind closed doors.
U.S. stocks ended higher to kick off the trading week on Monday, buoyed by gains in financial and technology shares as investors awaited the next round of quarterly results this week as earnings season gathers speed.
U.S. stocks rose on Monday on expectations corporate earnings will exceed forecasts, but global shares and the dollar traded little changed after data showed the Chinese economy grew slower than anticipated.
Netflix is preparing a documentary series on the United States women's national soccer team, focusing on their quest for an unprecedented third consecutive Women's World Cup title in Australia and New Zealand.
U.S. stocks ended higher to kick off the trading week on Monday, buoyed by gains in financial and technology shares as investors awaited the next round of quarterly results this week as earnings season gathers speed.
U.S. stocks rose to kick off the trading week on Monday, led by gains in financial and technology shares as investors looked toward the next round of quarterly results as earnings season gathers speed.