On January 19, 2023, Netflix ( NASDAQ:NFLX ) is scheduled to release the financial results for the fourth quarter of 2022.
Netflix anticipates that its earnings for the fourth quarter will be 36 cents a share, indicating a decrease of 73% yearly. This could impact Netflix stock negatively, which is overvalued.
Over the previous month, the Consensus Estimate for earnings has increased by one cent per share, bringing the total to 45 cents per share. The number represents a drop of 66.2% compared to the same quarter the previous year.
The company anticipates that its overall revenues will rise by 0.9% year over year to reach $7.776 billion. The average estimate for revenue in the fourth quarter is now pegged at $7.84 billion, which indicates a gain of 1.67% from the figure recorded in the same period of the previous year.
In each of the most recent four quarters, Netflix’s earnings came in higher than the Zacks Consensus Estimate, with a surprising percentage that averaged 35.09%.
Let’s look at the current status of this announcement’s preparations.
Netflix Stock: Factors to Take Into Account
In comparison to the 8.28 million paid customers that were added in the same quarter a year earlier, Netflix projects that it will add 4.5 million paid subscribers in the fourth quarter of 2022.
Netflix anticipates ending the fourth quarter of 2022 with 227.59 million paid subscribers around the globe, representing a growth of 2.6% compared to the same period the previous year.
Paid memberships at the quarter...
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