Netflix will report earnings after the close on Thursday
Netflix Inc (NASDAQ:NFLX) will announce its first-quarter results after the close on Thursday, April 17. Ahead of the event, analysts anticipate earnings of $7.73 per share, which is an 8.6% premium to the same quarter last year. It's worth noting that this would be the company's slowest growth rate in seven quarters, however.
At last look today, NFLX was up 0.7% at $925.27, though pressure at the 80-day moving average still lingers above. Year to date, the equity is still up 3.7% despite the tariff-fueled selloff.
Netflix stock has a split history of earnings moves. The stock closed lower after the first two quarterly reports of the year in both 2023 and 2024, but finished the next two post-earnings sessions higher in both instances. Over the last eight quarters, NFLX averaged a 9.4% next-day swing, regardless of direction, which is slightly lower than the 10.5% move the options pits are pricing in this time around.
Last week, Netflix stock was made a "top pick" in media and entertainment at Morgan Stanley. Overall, a handful of brokerages are still pessimistic, however. Of the 43 analysts in coverage, 30 carry a "buy" or better, while 13 rate the stock a "hold" or worse.