Celebrating 10 Years of Trusted News Discovery
One News Page
> >

How To Trade Netflix Into Earnings

Video Credit: The Street - Duration: 01:57s - Published < > Embed
How To Trade Netflix Into Earnings

How To Trade Netflix Into Earnings

Time to Netflix and chill?

Let's take a look at the company as it prepares to report earnings after the bell Wednesday, Oct.


FactSet says that analysts expect Netflix to report Q3 revenue of $5.25 billion and GAAP EPS of $1.03.

But the real stock mover for Netflix are the subscriber numbers.

According to TheStreet's tech columnist, Eric Jhonsa, "Netflix guided in its Q2 report for 7 million Q3 paid streaming subscriber adds -- 6.2 million in international markets and 800,000 in the U.S. For seasonally big Q4, the consensus is for 8.04 million international and 1.44 million U.S. paid streaming adds." Chris Versace, Real Money contributor and portfolio manager for Trifecta Stocks--which owns Disney --and Nelson Wang, tech stocks editor at TheStreet, discussed Netflix as the company prepares to report its final earnings report before the streaming wars really heat up and Disney+ goes live.

"I think it's possible that Netflix addresses the impact of Disney's launching a the third quarter.

But I think it's a little bit premature.

It's gonna take some time for it to ramp up.

So the impact of it will probably not be felt for a little while.

I think they'll probably address it in a qualitative way and say, you know, as [Netflix CEO] Reed Hastings noted a couple of months ago that it's gonna be a whole new world when Disney and Apple and all these other competitors enter into the market.

But I think it's gonna be a little bit premature now for them to address it in their actual forecast numbers," said Wang.

Bull Market Fantasy: LIVE TUESDAY & THURSDAY @10:45AM Subscribe to our Youtube Channel for more videos : Listen our latest Podcasts on Soundcloud Catch Up: Today's Top News Videos Below


You Might Like

Tweets about this

Recent related videos from verified sources

Should Netflix CEO Be Worried About the Impact of Disney+ on Netflix Stock? [Video]Should Netflix CEO Be Worried About the Impact of Disney+ on Netflix Stock?

Real Money Stock of the Day Disney reported earnings after the bell Thursday. Disney beat Wall Street forecasts for its fourth-quarter profits while continuing to ramp up investments ahead of its..

Credit: The Street     Duration: 01:59Published

What to Expect From FAANG Earnings [Video]What to Expect From FAANG Earnings

FAANG is still sticking around. In case you lived under a hole for the past ten or so years, FAANG stands for Facebook , Apple , Amazon , Netflix and Alphabet . Stephen 'Sarge' Guilfoyle, Real..

Credit: The Street     Duration: 01:39Published

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.