![]() ![]() Over the past month, there's been a 0.08% fall in the Zacks Consensus EPS estimate. The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.Įmpirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Such recent modifications usually signify the changing landscape of near-term business trends. Investors might also notice recent changes to analyst estimates for Netflix. Simultaneously, our latest consensus estimate expects the revenue to be $8.53 billion, showing a 7.65% escalation compared to the year-ago quarter.įor the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $11.91 per share and a revenue of $33.68 billion, representing changes of +19.7% and +6.54%, respectively, from the prior year. This would mark year-over-year growth of 11.94%. In that report, analysts expect Netflix to post earnings of $3.47 per share. The company plans to announce its earnings on October 18, 2023. Investing or trading in crypto comes with a risk of financial loss.Market participants will be closely following the financial results of Netflix in its upcoming release. They do not provide financial, investment, or other advice. The views and opinions stated by the author or any other person named in this article are for informational purposes only. ![]() However, if it forms a strong bearish candle in the next few trading sessions, it may resume its fall by filling the gap. If they close the prices above $415.88, they can take full control of the price. The technical indicators are showing a strong bull’s presence. However, the bulls are trying to take control of the price. ![]() The overall trend of the NFLX stock price is bearish. Thus, it may fall to its next support at $315.56. However, if the price forms strong bearish candles in the upcoming trading session, it may fill the gap below.įor the NFLX price to continue its bearish trend, it must give the breakdown of the $345.08 level. If the NFLX price consolidates in the range of $391.32 to $415.88 and gives the breakout of the $415.88 level, it may rise to its resistance zone at $458.88. It shows the price has strength in its movement. It is showing high buying pressure as the RSI line spikes in the upward direction. ![]() The RSI line is at 59.23, which is the bullish territory. If the price sustains above the 50-day EMA line and the next few trading sessions, it may continue its move in the future. It indicates the bulls are back in action and they have taken control of price. The price has closed above the 50-day and 200-day EMA lines. At present, the NFLX price is trading below its $415.88 resistance, leaving a huge gap. It traded with a high volume of 28.071 million, which shows a strong price movement. With the release of the Q3 2023 earnings report, the price showed a gap-up scenario and was trading with a 16% hike. Source: Netflix Inc., 1D Chart by TradingView ![]()
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