Earnings Preview: What To Expect From Netflix On Tuesday

Netflix Inc. NFLX  is scheduled to release earnings after Tuesday’s close. The stock hit a record high of $575.37/share in July 2020 and is currently trading near $530. The stock is prone to big moves after reporting earnings and can easily gap up if the numbers are strong. Conversely, if the numbers disappoint, the stock can easily gap down. To help you prepare, here is what the Street is expecting:

Earnings Preview:

Netflix is expected to report $2.12/share on $6.38 billion in revenue. Meanwhile, the so-called Whisper number is $2.19. The Whisper number is the Street's unofficial view on earnings.

Company Profile & Various Businesses:

Netflix, Inc. provides subscription streaming entertainment service. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices. It also provides DVDs-by-mail membership services. The company has approximately 167 million paid members in 190 countries. Netflix, Inc. was founded in 1997 and is headquartered in Los Gatos, California.

Pay Attention To How The Stock Reacts To The News:

From where I sit, the most important trait I look for during earnings season is how the market and a specific company reacts to the news. Remember, always keep your losses small and never argue with the tape.