Netflix, Inc. (NASDAQ:NFLX) provider of Internet delivery of TV shows and movies, is expected to report second quarter earnings results, after market close, on Thursday 16th July 2020.
Analysts polled by Thomson Reuters anticipate second quarter income of $ 1.81 per share.
Looking ahead, the full year income are expected at $ 6.45 per share on the revenues of $ 24802.20 million.
The Company Outlook
Revenue for 2Q20 are expected in a range of $ 6,048.00 million ~ $ 6,048.00 million
Click Here For More Historical Outlooks Of Netflix, Inc.
Previous Quarter Performance
Netflix, Inc. disclosed income for the first quarter of $ 1.57 per share, from the revenue of . The quarterly earnings developed 2.38 percent while revenues compared with the same quarter last year.
According to street consensus, income of $ 1.65 was expected per share The bottom line results missed street analysts by $ 0.08 or 4.85 percent, at the same time, top line results analysts by $ 0.59 million or .
Historical Earnings Performance
wpDataChart with provided ID not found! wpDataTable with provided ID not found!Click Here For More Historical Earnings Of Netflix, Inc.
Stock Performance
According to the previous trading day, closing price of NFLX was $ 437.49, representing a 73.41 % increase from the 52 week low of $ 252.28 and a 2.68 % decrease over the 52 week high of $ 449.52.
[stock_market_widget type=”chart” template=”basic” color=”orange” assets=”NFLX” range=”1y” interval=”1mo” axes=”true” cursor=”true” api=”yf” style=”height: 400px;”]
Recent Analyst recommendations
On 15th July 2020, maintained by Morgan Stanley at Overweight rating, with $ 575.00 target price.
On 14th July 2020, maintained by Wedbush at Underperform rating, with $ 220.00 target price.
On 14th July 2020, downgraded by UBS Group to Neutral from Buy rating.
On 13th July 2020, maintained by BMO Capital Markets at Outperform rating, with $ 625.00 target price.
On 13th July 2020, maintained by Benchmark at Sell rating, with $ 397.00 target price.
Conference Call
Netflix, Inc. will be hosting a conference call at 4:00 PM eastern time on 16th July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website netflixinvestor.com
Netflix, Inc. provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD.
