Binge (NFLX Earnings)
Netflix (NFLX) is set to report Q3 results today after the close with a video call to follow at 6pm ET.
Current S&P CapitalIQ consensus is for EPS to grow 46% yr/yr to $2.14 and for revenue to grow 22% yr/yr to $6.38 bln. In July, NFLX guided to EPS of $2.09 and revenue of $6.33 bln.
NFLX typically beats analyst expectations. It had reported upside to EPS consensus for eight consecutive quarters.
The most important metric with NFLX is global streaming net adds.
Another metric to watch is ARPU.
TECHS:
NFLX has been a monster, going from $300 in mid-March to $530 currently.
If you liked this content please click the ❤️ below and/or share this post.
TOTALLY FREE Trading Packet!
Click here to get my packet that shows you how I traded $600 into $100K FOR FREE.
This packet will explain to you in depth how I trade and how I manage my risk.
I am happy to share this. Just use the code KPAKFRAUD at checkout and you will get it TOTALLY FREE. You will pay absolutely nothing.
SHAMLESS PLUGS
CLICK HERE TO CHECK OUT MY 2020 PREVIEW OPINION PACKET. OVER 140 PAGES OF CONTENT AND INFORMATION AVAILABLE HERE.
Check out the latest episodes on my YouTube above and SoundCloud channel below.