Chill Time (NFLX Earnings)
Netflix (NFLX) is set to report Q4 results today at the close with a video call to follow at 6pm ET.
Current S&P Capital IQ consensus is for EPS to grow 8% yr/yr to $1.41 and for revenue to grow 21% yr/yr to $6.62 bln.
The most important operating metric with NFLX will be global streaming net adds.
NFLX guided to Q4 net adds of 6.00 mln, which investors deemed disappointing since Q4 is a seasonally strong quarter.
It will be interesting to see how customers responded to Netflix’s price raise in Q4 to $14/mo for its standard plan and $18/mo for the premium tier.
TECHS:
The stock has been recovering and has been trading mostly sideways in recent months. It will be interesting to see if investors are willing to price in another leg higher in the name as it consolidated in a wedge for the last five months.
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