πŸ‡ΊπŸ‡Έ

How To Trade Netflix Into Earnings

Credit: The Street
Published on October 16, 2019 - Duration: 01:57s

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.

16.

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 Disney+...in 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

Advertisement

You are here

Recent related videos from verified sources

Should Netflix CEO Be Worried About the Impact of Disney+ on Netflix Stock? 01:59
Credit: The Street - Published 4 days ago 

What to Expect From FAANG Earnings 01:39
Credit: The Street - Published on October 17, 2019 

You might like