TSLA - Earnings Previews: Netflix Tuesday Night And Tesla Wednesday Night

2024-01-22 22:00:00 ET

Summary

• Netflix is up almost $100 per share from the last earnings report in mid-October ’23 when the stock was trading poorly coming into the earnings.
• Sell-side consensus is expecting $2.22 in earnings per share on $9.3 billion in revenue for the 4th quarter of ’23, which amounts to expected YoY growth of 1750% on 20% revenue growth.
• Sell-side consensus is expecting TSLA to print $0.74 in EPS on $25.59 billion in revenue, for an expected YoY decline in EPS of -38% on 20% revenue growth.

Netflix’s ( NFLX ) movie chief Scott Stubler announced Monday night, January 22nd, he was leaving Netflix to start his own movie company, which – from a timing perspective – is probably not fortuitous given that Netflix is scheduled to report their Q4 ’23 financial results after the bell on Tuesday, January 23rd, 2024.

Netflix is up almost $100 per share from the last earnings report in mid-October ’23 when the stock was trading poorly coming into the earnings after growth stocks weakened beginning in late July, ’23....

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