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Netflix (NFLX) To Report Earnings Tomorrow: Here Is What To Expect

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Streaming video giant Netflix (NASDAQ: NFLX) will be announcing earnings results this Thursday after the bell. Here’s what you need to know.

Netflix beat analysts’ revenue expectations last quarter, reporting revenues of $12.05 billion, up 17.6% year on year. It was a slower quarter for the company, with EPS guidance for next quarter missing analysts’ expectations significantly and revenue guidance for next quarter meeting analysts’ expectations.

Is Netflix a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Netflix’s revenue to grow 15.6% year on year, improving from the 12.5% increase it recorded in the same quarter last year.

Netflix Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Netflix has missed Wall Street’s revenue estimates multiple times over the last two years.

With Netflix being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for consumer internet stocks. However, there has been positive investor sentiment in the segment, with share prices up 6.3% on average over the last month. Netflix is up 11.8% during the same time .

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