Earnings Reports: Netflix (NFLX)
Earnings Date: July 17
Earnings Growth: 78%
So far this year, Netflix, Inc. (NASDAQ:NFLX) stock has gained over 28%, contributing to its 63% climb over the past 12 months. The trajectory has been more or less higher, too, raising the question of whether the streak can continue when NFLX reports earnings on July 17.
For the most recent three-month period, Netflix is slated to post earnings of 16 cents per share, a 78% year-over-year expansion. That’s part of the reason 144% growth for the full-year is on tap, although that mouth-watering number is expected to even out to an average of 60% per year long-term. Organic growth is a bit slimmer; sales are slated to expand by 31% this quarter, 28% this year and 20% next year.
The 16 cents per share on tap is 50% lower than the consensus three months ago, though, and any sign of weakness — either in subscriber growth or traditional earnings valuations — could make investors reconsider the forward multiple sitting north of 80.