Nasdaq NFLX NetFlix

Some may be surprised to learn that the ongoing strikes by Hollywood writers and actors could actually be positive for streaming companies and their stocks. MoffetNathanson analyst Luke Landis explained in May that, as a result of the writers' strike, large streaming firms w

Netflix ( NASDAQ:NFLX ) will announce its second-quarter financial results on Wednesday, July 19, 2023. Ahead of Q2 earnings, it's important to know that the company’s recent initiatives, including the crackdown on password sharing and the launch of ad-supported plans, will likely  drive Q2 financials and the paid membership base.  While its efforts to monetize its platform efficiently augur well for growth, analysts’ average price target ahead of the Q2 print indicates that positives are already reflected in the stock price. For instance, NFLX stock has risen quite a lot (about 53% year-to-date and 138% in one year), which implies that the upside potential could be capped. Further, our Website Traffic tool shows a sequential slowdown. Let’s dig deeper.   Netflix – Q2 Expectations  Wall Street expects Netflix to report revenue of $8.28 billion in Q2, which compares favorably to the prior-year quarter’s revenue of $7.97 billion. Moreover, it is higher than the company’s guidance of $8.2 billion and shows a slight sequential improvement.  On the bottom line front, analysts expect NFLX to post  earnings of $2.85 per share, reflecting a decline on a year-over-year and sequential basis. The company’s EPS is expected to benefit from the crackdown on password sharing and the new ad plan, which is generating higher average revenue per member in the U.S. (subscription + ads) compared to the standard plan.  However, the reduction in price in several countries to drive adoption in the long term could hurt near-term profit. Further, tough year-over-year comparisons could remain a drag.  Website Traffic Shows Mixed Growth Netflix’s solid content slate consistently drives engagement, which is crucial for customer retention and growth. TipRanks’ website traffic screener shows that traffic declined for NFLX on a sequential basis but increased from the year-ago quarter.  Per the tool,  the number of visits to netflix.com was down 6.9% quarter-over-quarter in Q2. However, website traffic jumped 36.05% on a year-over-year basis in Q2.  Learn how Website Traffic can help you research your favorite stocks . Is Netflix a Buy or Sell? Wall Street analysts see Netflix as a winner in the streaming space. Further, they expect NFLX to remain shielded from the SAG–AFTRA (Screen Actors Guild – American Federation of Television and Radio Artists) strike due to its solid content pipeline. However, the considerable growth in its stock keeps analysts cautious in their optimism about further growth in NFLX stock.  Heading into the earnings,  Loop Capital analyst Alan Gould increased NFLX’s price target to $425 from $330 on July 17. However, the analyst reiterated a Hold recommendation given the recent run in its share price.  On a more positive note, Deutsche Bank analyst Bryan Kraft maintained a Buy recommendation on NFLX stock on July 17. The firm also raised Netflix’s price target to $475 from $410. The analyst lauded the company’s solid revenue, earnings, and free cash flow growth capabilities.  Overall, NFLX stock sports a Moderate Buy consensus rating on TipRanks, reflecting 19 Buy, 14 Hold, and two Sell recommendations. Moreover, due to the recent appreciation in stock price, analysts’ average price target of $424.63 implies 5.65% downside potential.  Disclosure 

Major film and television studios offered Hollywood actors more than $1 billion in higher compensation and enhanced benefits before the SAG-AFTRA union called a strike last week, a group that represents media companies said on Monday.

So far this year, Tesla (TSLA) and Netflix (NFLX) stocks have soared +136% and +53% respectively. This certainly has investors wondering if it’s time to buy stock in these market leaders with their quarterly results approaching.

Earnings season is always an exciting time to be an investor, with companies finally pulling the curtain back and unveiling what’s transpired behind closed doors.

U.S. stocks ended higher to kick off the trading week on Monday, buoyed by gains in financial and technology shares as investors awaited the next round of quarterly results this week as earnings season gathers speed.

U.S. stocks rose on Monday on expectations corporate earnings will exceed forecasts, but global shares and the dollar traded little changed after data showed the Chinese economy grew slower than anticipated.

Netflix is preparing a documentary series on the United States women's national soccer team, focusing on their quest for an unprecedented third consecutive Women's World Cup title in Australia and New Zealand.

U.S. stocks ended higher to kick off the trading week on Monday, buoyed by gains in financial and technology shares as investors awaited the next round of quarterly results this week as earnings season gathers speed.

U.S. stocks rose to kick off the trading week on Monday, led by gains in financial and technology shares as investors looked toward the next round of quarterly results as earnings season gathers speed.

The tech-heavy Nasdaq led Wall Street higher on Monday supported by megacap growth stocks including Apple and Tesla, ahead of quarterly results from industry heavyweights through the week.

The stock market has gotten off to a good start to the new week on Monday. Major market benchmarks are up as much as half a percent, building on big gains so far in 2023 that have helped to reverse a sizable portion of 2022's losses. Investors want to see more positive news that

Snap-on Incorporated SNA is slated to release its second-quarter 2023 results on Jul 20, before market open. The company is likely to record top and bottom-line growth when it reports second-quarter results.The Zacks Consensus Est

Netflix NFLX announced the production of an upcoming Korean drama, The Trunk, starring Korea’s A-listers, Gong Yoo of Train to Busan and Goblin fame and Seo Hyun-jin, known for Another Miss Oh and The Beauty Inside.The show, writt

Still early-on in Q2 earnings season, this week we get a look at the first of the FAANG stocks (if we’re still calling them that). Netflix NFLX reports Wednesday after the closing bell, and is expected to bring in earnings -11.88%

The S&P 500 and the Dow edged up on Monday, as investors awaited quarterly results from industry heavyweights through the week, while Apple and Tesla boosted the tech-heavy Nasdaq.

Earnings season is here, and Netflix (NASDAQ: NFLX) is one of the early voices chiming in with fresh financials this week. The leading premium streaming video service will report its second-quarter results after the market close on Wednesday.

Still early-on in Q2 earnings season, this week we get a look at the first of the FAANG stocks (if we’re still calling them that). Netflix NFLX reports Wednesday after the closing bell, and is expected to bring in earnings -11.88%

September S&P 500 futures (ESU23) are down -0.04%, and September Nasdaq 100 E-Mini futures (NQU23) are up +0.09% this morning as market participants digested the latest economic data from China while looking ahead to a busy week of corporate earnings.

Wall Street's main stock indexes were on course for a lower open on Monday after last week's strong gains, as investors stayed on the sidelines ahead of quarterly results from industry heavyweights through the week.