The most recent trading day ended with Netflix stock closing at $240.02, reflecting a movement of +1.39% from the previous trading session. The stock’s daily loss was more than the daily loss of 1.03% seen by the S&P 500. Aside from that, the Dow fell by 1.15 percent, while the tech-heavy Nasdaq gained 0.37 percent.
Shares of the online video provider had risen 3.39% heading into today , beating the loss of 6.96% that the Consumer Discretionary sector had seen over the prior month and the loss of 3.51% that the S&P 500 had experienced over the same period.
Netflix Stock Performance
As the time draws near for Netflix stock to announce its following results, Wall Street will be searching for positive signs from the company. It is predicted that this will occur on October 18th, 2022. According to the findings of that survey, market experts anticipate Netflix stock earnings of $2.12 per share. This would represent a decrease of 33.54% as compared to the previous year. Meanwhile, the Zacks Consensus Estimate for revenue predicts that net sales will come in at $7.86 billion, an increase of 5.02% from the same time period the previous year.
The Zacks Consensus Estimate for NFLX’s annual profits is now $10.03 per share. The company is expected to bring in revenue of $31.68 billion. These figures would reflect decreases of -10.77% and +6.69%, respectively, compared to the previous year’s totals.
Considering the shifts in analyst expectations for Netflix Inc ( NASDAQ:NFLX ) is also essential. More recent revisions tend to reflect the most recent near-term company trends. As a consequence of this, we can view favorable estimate ...
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