NFLX's financial reports are coming out soon
$Netflix (NFLX.US)$ earnings release for the third quarter is scheduled for October 19, after the market closes. Over the past year, shares of the world’s leading streaming entertainment service have surged 18.4%, and are currently trading at over $628. Positive earnings data could continue to take shares on an upward trajectory, so let’s take a closer look at what analysts on the Street are expecting.
Earnings Preview
Netflix EPS is expected to be $2.56 on revenues of $7.48 billion in the third quarter, while the company guided for earnings of $2.55 per share and revenues of $7.47 billion.
Meanwhile, the Earnings Whisper number, or the Street’s unofficial view on earnings, stands at $2.70 per share.
Prior Period Results
In the previous quarter, the company reported earnings of $2.97, up 86.8% from the prior-year quarter but missed the consensus estimate of $3.15. On the other side, net revenue jumped 19.4% to $7.34 billion and marginally surpassed analysts’ expectations of $7.32 billion.
With mixed results, subscriber additions in the quarter surpassed the company’s projections. Paid net additions in the quarter totaled 1.5 million, above the company’s estimated 1 million.
Markedly, Netflix’s earnings history depicts mixed performance over the past four quarters, with upbeat revenues in all, but earnings miss in three of the four quarters.
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