We use cookies to provide some features and experiences in QOSHE

More information  .  Close
Aa Aa Aa
- A +

Will Netflix Continue to Silence Its Doubters With a Strong Earnings Report?

2 29 1
19.10.2021

Netflix (NASDAQ:NFLX) will report earnings on October 19 after the market closes. The company is expected to deliver earnings per share (EPS) of $2.56 on revenue of approximately $7.5 billion.

Investors have become accustomed to Netflix delivering growth in quarterly revenue. By my count, this will make it about 28 consecutive quarters in which the streaming giant has accomplished that feat. Presuming Netflix hits the $7.5 billion revenue mark, they will be posting 19% growth between the first three quarters of FY 2021 and the first three quarters of the prior fiscal year. That’s in-line with the 20% year-over-year growth forecast by the company’s management.

But investors may be paying more attention to the earnings side of the equation. Based on the projected $2.56 EPS, Netflix would post 90% growth in EPS from the first three quarters of FY 2020. However, it’s a slight deceleration from the 122% growth the........

© Entrepreneur


Get it on Google Play