Netflix Gears Up For Q3 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Netflix, Inc. NFLX is expected to release financial results for its third quarter, after the closing bell on Oct. 18, 2023.

Analysts expect the company to post quarterly earnings at $3.32 per share, up from year-ago earnings of $3.10 per share. The company’s revenue might come in at $8.11 billion, compared to $7.84 billion in the year-ago period.

Netflix shares fell 1.4% to close at $355.72 on Tuesday.

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.

• Morgan Stanley analyst Benjamin Swinburne maintained an Equal-Weight rating and cut the price target from $450 to $430 on Oct. 11, 2023. This analyst has an accuracy rate of 75%.
• Goldman Sachs analyst Eric Sheridan maintained a Neutral rating and lowered the price target from $400 to $390 on Oct. 9, 2023. This analyst has an accuracy rate of 79%.
• JP Morgan analyst Doug Anmuth maintained an Overweight rating and cut the price target from $505 to $455 on Sept. 28, 2023. This analyst has an accuracy rate of 83%.
• Oppenheimer analyst Jason Helfstein maintained an Outperform rating and slashed the price target from $515 to $470 on Sept. 22, 2023. This analyst has an accuracy rate of 74%.
• Evercore ISI Group analyst Mark Mahaney maintained an Outperform rating and lowered the price target from $550 to $500 on Sept. 18, 2023. This analyst has an accuracy rate of 78%.

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