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Earnings Preview: Netflix

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Netflix (NASDAQ: NFLX) unveils its next round of earnings this Tuesday, October 20. Here is Benzinga's everything-that-matters guide for the earnings announcement.

Earnings and Revenue

Based on management's projections, Netflix analysts model for earnings of $2.12 per share on sales of $6.37 billion. Netflix earnings in the same period a year ago was $1.47 per share. Quarterly sales came in at $5.25 billion. If the company were to match the consensus estimate, earnings would be up 44.22%. Revenue would be up 21.45% from the same quarter last year. The company's reported EPS has stacked up against analyst estimates in the past like this:

Quarter Q2 2020 Q1 2020 Q4 2020 Q3 2019
EPS Estimate 1.81 1.65 0.53 1.04
EPS Actual 1.59 1.57 1.30 1.47
Revenue Estimate 6.08 B 5.76 B 5.45 B 5.25 B
Revenue Actual 6.15 B 5.77 B 5.47 B 5.25 B

Stock Performance

For a full 12 months, the return has risen by 100.54%. Given that these returns are generally positive, long-term shareholders are probably relaxed going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

Do not be surprised to see the stock move on comments made during its conference call. Netflix is scheduled to hold the call at 18:00:00 ET and can be accessed here: https://www.youtube.com/user/NetflixIR/videos

 

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