From Nasdaq:

Netflix (NFLX) has consistently beaten earnings estimates and may continue the trend in its next quarterly report. The video service has an impressive average earnings surprise of 12.03% in the past two quarters. With a positive Earnings ESP and Zacks Rank #3 (Hold), Netflix is positioned for another beat in their upcoming January 23, 2024, earnings report.

The Netflix stock is predicted to have a profit surprise nearly 70% of the time due to its positive Earnings ESP. Analysts are also bullish on the company’s earnings prospects, indicating another beat on the horizon. The company has a positive Earnings ESP of +5.75%, pointing to a favorable future.

It’s important to note that negative Earnings ESP reduces predictive power. However, a negative value does not guarantee an earnings miss. A company could still beat EPS estimates but does not always result in their stock moving higher.

Netflix provides a solid Earnings ESP Filter that can help investors uncover the best stocks to buy or sell before they release their earnings report. It’s an essential tool to increase the probability of stock success ahead of quarterly releases.

Zacks has identified a little-known chemical company with potential to double, boasting a 65% increase over the last year. With demand, soaring 2022 earnings estimates, and $1.5 billion for stock repurchasing, retail investors could see a substantial upside.

This company could exceed other recent Zacks stocks that have doubled, such as Boston Beer Company at +143.0% and NVIDIA at +175.9%. Zacks’ experts predict the stock to shoot up +100% or more in the coming months.

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Read more: Why Netflix (NFLX) is Poised to Beat Earnings Estimates Again