NFLX - Netflix Earnings Preview: Free Cash Flow Improvement Has Been Impressive
2024-04-17 20:00:00 ET
Summary
- The stock rallied after the earnings release in late January ’24, with EPS and revenue estimates rising nicely for 2024 and 2025.
- I’m a little worried about the number of analyst upgrades on NFLX coming into the release Thursday night.
- NFLX revenue estimate trends are improving for 2024, while 2025 has improved at a faster rate.
Netflix ( NFLX ) reports their financial results for their first calendar quarter of 2024, after the market closes on Thursday, April 18th, 2024.
The 12/31/23 quarter was the big upside surprise as Netflix saw 13.2 million subscriber adds, vs. the 8.8 million expected, with 2.8 million coming from US and Canada, the slower-growing region. The stock rallied after the earnings release in late January ’24, with EPS and revenue estimates rising nicely for 2024 and 2025....
Netflix Earnings Preview: Free Cash Flow Improvement Has Been Impressive