![]() Regarding the bottom line, the Zacks Consensus EPS Estimate of $2.81 indicates a roughly 20% Y/Y pullback within earnings, with the quarterly earnings estimate remaining unchanged over the last 60 days but up 3% since January of this year. Now, for its upcoming release, the Zacks Consensus Estimate for Net Subscriber Additions sits at 3.7 million, reflecting a notable improvement to the year-ago quarter when the company lost roughly 200,000 subscribers. The market cheered on the better-than-expected Subscriber Additions, with Netflix shares climbing nearly 9% the following trading session. ![]() In fact, it represented Netflix’s third consecutive quarter of exceeding Net Subscriber Additions expectations, undoubtedly a major positive. Net Subscriber Adds came in well above expectations in its latest release Netflix reported Net Subscriber Adds of roughly 7.7 million, handily beating our consensus estimate of 4.5 million by nearly 70%. The company’s earnings release is scheduled for Tuesday, April 18 th, after market close. Let’s take a look at how both stack up heading into their quarterly releases.Ī central focus point of NFLX’s quarterly results is Net Subscriber Additions, telling us if consumers continue to flock to the platform. Below is a chart illustrating the year-to-date performance of both stocks, with the S&P 500 blended in as a benchmark.Īs we can see, both stocks have outperformed the general market in 2023, indicating favorable momentum. This week, we have a full slate of quarterly reports, including those from market titans Netflix ( NFLX Quick Quote NFLX - Free Report) and Tesla ( TSLA Quick Quote TSLA - Free Report). All three posted better-than-expected results, exceeding both earnings and revenue expectations. ![]() ![]() Earnings season kicked off last week, with several big banks such as JPMorgan ( JPM Quick Quote JPM - Free Report), Wells Fargo ( WFC Quick Quote WFC - Free Report), and Citigroup ( C Quick Quote C - Free Report) getting the party started. ![]()
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