Netflix Likely To Report Higher Q2 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Netflix, Inc. NFLX will release its second quarter financial results, after the closing bell on Thursday, July 18.

Analysts expect the Los Gatos, California-based company to report quarterly earnings at $4.74 per share, up from $3.29 per share in the year-ago period. Netflix is expected to post revenue of $9.53 billion, compared to $8.19 billion a year earlier, according to data from Benzinga Pro.

Netflix, Walt Disney Co DIS, and other major U.S. streaming companies have reportedly filed a court motion in Canada to challenge a new regulation.  The Canadian Radio-television and Telecommunications Commission (CRTC) has mandated these companies to contribute 5% of their sales in the country to support local broadcast news and other domestic content.

Netflix shares fell 1.4% to close at $647.46 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 raised the price target from $700 to $735 on July 17. This analyst has an accuracy rate of 76%.
• B of A Securities analyst Jessica Reif Ehrlich maintained a Buy rating and boosted the price target from $700 to $740 on July 15. This analyst has an accuracy rate of 78%.
• Morgan Stanley analyst Benjamin Swinburne maintained an Overweight rating and increased the price target from $700 to $780 on July 15. This analyst has an accuracy rate of 75%.
• JP Morgan analyst Doug Anmuth maintained an Overweight rating and boosted the price target from $650 to $750 on July 12. This analyst has an accuracy rate of 85%.
• Evercore ISI Group analyst Mark Mahaney maintained an Outperform rating and increased the price target from $650 to $700 on May 28. This analyst has an accuracy rate of 81%.

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