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Strong Growth Expected, Key Metrics to Watch - Revenue, Memberships, and EMEA Performance

15.04.2024

Key Metrics and Analyst Predictions

Netflix's upcoming earnings report is expected to reveal strong growth in both earnings and revenue. Analysts predict earnings per share (EPS) of $4.49, representing a 55.9% increase year-over-year. Revenue is expected to reach $9.26 billion, a 13.4% increase from the same period last year.

The consensus EPS estimate for the quarter has been revised upward by 0.1% over the past 30 days. This indicates that analysts are becoming more optimistic about Netflix's performance.

Revenue- Streaming Revenues: Analysts predict $9.26 billion, a 13.9% year-over-year increase.

Expected to reach $4.10 billion, a 13.6% increase from the year-ago quarter.

Projected at $1.05 billion, a 12.6% increase year-over-year.

Expected to reach $1.13 billion, a 5.5% increase from the prior-year quarter.

Projected at $2.98 billion, an 18.3% increase from the prior-year quarter.

Paid net membership additions (losses): Analysts predict 5,251.33 thousand, compared to 1,751 thousand in the same quarter last year.

LATAM: Expected to reach 46,754.50 thousand, compared to 41,249 thousand in the previous year.

Projected at 81,379.01 thousand, compared to 74,398 thousand in the year-ago quarter.

Expected to reach 46,843.30 thousand, compared to 39,478 thousand in the previous year.

Projected at 265,902.60 thousand, compared to 232,498 thousand in the year-ago quarter.

Expected to reach 90,925.74 thousand, compared to 77,373 thousand in the previous year.

Expected to come in at $11.19, compared to $10.89 in the same quarter of the previous year.

Over the past month, Netflix shares have outperformed the market, returning +2.8% compared to the Zacks S&P 500 composite's -0.9% change. With a Zacks Rank #3 (Hold), NFLX is expected to perform in line with the overall market in the upcoming period.