{"id":31826,"date":"2023-10-19T11:18:07","date_gmt":"2023-10-19T11:18:07","guid":{"rendered":"https:\/\/innodebt.com\/markets\/stocks\/earnings-to-watch-netflix-nflx-reports-q3-results-tomorrow\/"},"modified":"2023-10-19T11:18:08","modified_gmt":"2023-10-19T11:18:08","slug":"earnings-to-watch-netflix-nflx-reports-q3-results-tomorrow","status":"publish","type":"post","link":"https:\/\/innodebt.com\/?p=31826","title":{"rendered":"Earnings To Watch: Netflix (NFLX) Reports Q3 Results Tomorrow"},"content":{"rendered":"<div>\n<div id=\"imgCarousel\" class=\"imgCarousel\">\n<p><span class=\"text\">Earnings To Watch: Netflix (NFLX) Reports Q3 Results Tomorrow<\/span><br \/>\n<i class=\"imgGrad\"><\/i>\n<\/div>\n<p>Streaming video giant Netflix (NASDAQ: NASDAQ:)<br \/>\nwill be reporting earnings tomorrow after market hours. Here&#8217;s what investors should know.<\/p>\n<p>Last quarter Netflix reported revenues of $8.19 billion, up 2.72% year on year, missing analyst expectations by 1.24%. It was a weak quarter for the company, with a miss of analysts&#8217; revenue estimates, implying that revenue per subscriber was below expectations and underwhelming revenue guidance for the next quarter. The company reported 238.4 million users, up 8.03% year on year.<\/p>\n<p>Is Netflix buy or sell heading into the earnings? Find out by reading the original article on StockStory. <\/p>\n<p>This quarter analysts are expecting Netflix&#8217;s revenue to grow 7.72% year on year to $8.54 billion, improving on the 5.91% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $3.48 per share.<\/p>\n<p>\nMajority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St&#8217;s revenue estimates five times over the last two years. <\/p>\n<p>With Netflix being the first among its peers to report earnings this season, we don&#8217;t have anywhere else to look at to get a hint at how this quarter will unravel for consumer internet stocks, but the whole sector has been facing a sell-off since late last year, with stocks down on average 5.18% over the last month. Netflix is down 8.39% during the same time, and is heading into the earnings with with analyst price target of $452.15789, compared to share price of $361.3.<\/p>\n<p>The author has no position in any of the stocks mentioned.<\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.investing.com\/news\/stock-market-news\/earnings-to-watch-netflix-nflx-reports-q3-results-tomorrow-3200450\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Earnings To Watch: Netflix (NFLX) Reports Q3 Results Tomorrow Streaming video giant Netflix (NASDAQ: NASDAQ:) will be reporting earnings tomorrow after market hours. Here&#8217;s what investors should know. Last quarter Netflix reported revenues of $8.19 billion, up 2.72% year on year, missing analyst expectations by 1.24%. It was a weak quarter for the company, with [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":31827,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[37],"tags":[],"class_list":{"0":"post-31826","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-stocks"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Earnings To Watch: Netflix (NFLX) Reports Q3 Results Tomorrow | Innodebt<\/title>\n<meta name=\"description\" content=\"Earnings To Watch: Netflix (NFLX) Reports Q3 Results Tomorrow Streaming video giant Netflix (NASDAQ: NASDAQ:) will be reporting earnings tomorrow after\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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