Netflix is expected to beat Q3 earnings, with positive growth potential and strong subscriber base.

From NASDAQ.: 2024-10-14 07:46:00

Netflix Inc. NFLX will report third-quarter earnings on Oct. 17 with a 54.3% stock price increase this year. It has an Earnings ESP +1.37% and Zacks Rank #2. Equities with positive ESP and Zacks Rank #1-3 have a 70% chance of beating earnings.

Netflix is poised for Q3 growth with double-digit revenue increase and expanding margins. Its subscriber base is growing, bolstered by diverse content offerings and upcoming releases like Squid Game season 2 and Stranger Things season 2025.

Netflix’s success in 2024, driven by hits like Bridgerton and upcoming content, positions it for potential price increase benefits. Analysts believe the brand’s strength and subscriber base will help compete with Apple, Amazon, and Disney. Third-quarter estimates show 14.3% revenue growth and 35.9% EPS jump.

Stock price potential for NFLX remains high, near its 52-week high. Short-term average price targets range from $900-$545 with a 24.5% upside potential. Positive earnings beat projections and Zacks Rank support short-term price growth amid high hopes for continued success in 2024.



Read more at NASDAQ.: Buy Netflix Ahead of a Possible Q3 Earnings Beat This Week