Netflix (NFLX) Next Week Reports: Wall Street Waiting for Earnings to Grow

Netflix (NFLX) Next Week Reports: Wall Street Waiting for Earnings to Grow

Wall Street expects an increase in earnings in high revenues after Netflix (NFLX) reported results for the quarter ending June 2020. This widely known consensus view is very important in measuring the company's earnings statement and is a strong factor that can affect the short-term stock price. While the aforementioned figures are above expectations in the future earnings report, it is estimated that the shares will increase; on the contrary, if the figures are below the expected, the inventory is expected to move lower. Management's discussion on earnings conditions mostly determines sudden price changes and sustainability of future earnings expectations. This provides the opportunity for a disabled opinion on the possibility of a positive EPS surprise. The consensus EPS estimate for the quarter was revised 0.44% higher than the current level in the past 30 days. This was a reflection of how inclusive analysts collectively re-evaluated their initial estimates throughout the period. There is an important point that investors should not forget that the total change will not always accurately reflect the direction of the predictive revisions of each inclusive analyst. Given all this, Netlix is ​​expected to generate $ 1.83 per share in its next report, meaning a + 205% annual change. Accordingly, revenues are expected to increase by 23.4% compared to the previous year and reach a total of $ 6.07 billion.