Netflix (NFLX) is set to report Q2 results today at the close with a video call to follow at 6pm ET.
Current S&P CapitalIQ consensus is for EPS to be roughly flat yr/yr at $2.95 and for revenue to grow 9% yr/yr to $8.03 bln.
In April, NFLX guided to EPS of $3.00 and revenue of $8.053 bln, so analysts are slightly below that.
The most important operating metric with Netflix is global streaming paid net adds.
NFLX guided a large decline in Q2 at -2.00 mln subscribers.
NFLX is facing some tough headwinds including streaming competition, rising subscription costs, inflation, and currency effects.
TECHS:
NFLX gapped lower on its Q1 report in April and has not looked back since. Investors are bracing for more weak guidance on net sub adds and NFLX is lapping tougher comps in Q3 and Q4.
If you liked this content please click the ❤️ below and/or share this post.
SHAMLESS PLUGS
CLICK HERE TO CHECK OUT MY 2022 PREVIEW OPINION PACKET. OVER 80 PAGES OF CONTENT AND INFORMATION AVAILABLE HERE.
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.
Check out the latest episodes on my YouTube above.