Netflix is set to report its Q1 2020 earnings after the bell on Tuesday. The company has seen its stock outperform the market during the coronavirus pandemic as stay-at-home orders have given many consumers more time to explore streaming services.
Wall Street is anticipating earnings per share of $1.65 on revenue of $5.76 billion, based on Refinitiv consensus estimates. Domestic (U.S. and Canada) paid subscriber additions is expected to come in at 775,000 and international paid subscriber additions is expected to be 7.2 million, according to FactSet. However, it’s difficult to compare reported earnings to analyst estimates for Netflix’s first quarter, as the impact of the coronavirus pandemic on earnings is complicated to assess.
Netflix has ranked among analysts’ favorite “stay at home” stocks as more of the world’s workforce has been pushed out of office buildings in an attempt to stem the spread of the virus. Netflix’s new series “Tiger King” has become the subject of countless memes and Zoom happy hours, providing an outlet for many viewers under new restrictions.
Source : CNBC
Wall Street is anticipating earnings per share of $1.65 on revenue of $5.76 billion, based on Refinitiv consensus estimates. Domestic (U.S. and Canada) paid subscriber additions is expected to come in at 775,000 and international paid subscriber additions is expected to be 7.2 million, according to FactSet. However, it’s difficult to compare reported earnings to analyst estimates for Netflix’s first quarter, as the impact of the coronavirus pandemic on earnings is complicated to assess.
Netflix has ranked among analysts’ favorite “stay at home” stocks as more of the world’s workforce has been pushed out of office buildings in an attempt to stem the spread of the virus. Netflix’s new series “Tiger King” has become the subject of countless memes and Zoom happy hours, providing an outlet for many viewers under new restrictions.
Source : CNBC
