Netflix (NFLX) will report Q1 results today after the close with a call to follow at 6pm ET.

Current CapitalIQ consensus for EPS is $1.64 and for revenue it's $5.75 bln.

In January, NFLX guided to EPS of $1.66 and revenue of $5.73 mln. NFLX also guided to Q1 operating margin of 18.0%.

Streaming Paid Net Adds is a key metric that investors watch closely. In Q4, it came in at 8.76 mln, head of prior guidance of 7.6 mln. In January, NFLX guided to Q1 net adds of 7.00 mln.

• Disney (DIS) recently announced it passed the 50 mln subscriber milestone for its Disney + streaming service, nearly doubling its new adds in three months.

• NFLX typically beats analysts expectations. It has reported upside to EPS consensus for eight consecutive quarters, including a large beat in Q4.

TECHS:

NFLX is showing a head and shoulders or a potential blow off squeeze. Coin flip.

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