Investors eye potential price hikes as stock trades near all-time highs
Netflix (NFLX) is set to report its fiscal third quarter earnings on Thursday after market close — but the streamer will once again have a high bar to overcome as the stock trades near all-time highs and analysts look ahead to another price hike announcement as a potential catalyst.
For full-year 2024, analysts polled by Bloomberg expect earnings to hit around $19 per share, with 2025 earnings per share pegged at just under $23.
Here’s what Wall Street expects for the third quarter, according to Bloomberg consensus estimates:
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Revenue: $9.78 billion (Netflix’s guidance: $9.73 billion) versus 8.54 billion in Q3 2023
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Earnings per share: $5.16 (Netflix’s guidance: $5.10) versus $3.73 in Q3 2023
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Net subscriber additions: 4.5 million versus 8.8…
