Netflix Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Netflix, Inc. NFLX is expected to release earnings results for its first quarter, after the closing bell on April 18, 2024.

Analysts expect the Los Gatos, California-based company to report quarterly earnings at $4.52 per share, down from $2.88 per share in the year-ago quarter. Netflix is projected to report quarterly revenue of $9.28 billion, compared to $8.16 billion in the year-earlier period, according to data from Benzinga Pro.

Netflix’s film division is undergoing a significant reorganization under the leadership of its new head, Dan Lin.

Netflix shares fell 0.6% to close at $613.69 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Guggenheim analyst Michael Morris maintained a Buy rating and boosted the price target from $600 to $700 on April 16, 2024. This analyst has an accuracy rate of 75%.
• Morgan Stanley analyst Benjamin Swinburne maintained an Overweight rating and increased the price target from $600 to $700 on April 12, 2024. This analyst has an accuracy rate of 75%.
• JP Morgan analyst Doug Anmuth maintained an Overweight rating and boosted the price target from $610 to $650 on April 8, 2024. This analyst has an accuracy rate of 83%.
• Evercore ISI Group analyst Mark Mahaney maintained an Outperform and raised the price target from $600 to $640 on March 14, 2024. This analyst has an accuracy rate of 80%.
• Oppenheimer analyst Jason Helfstein maintained an Outperform rating and boosted the price target from $615 to $725 on March 11, 2024. This analyst has an accuracy rate of 78%.

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