![]() But it's definitely isn't the growth company that was before that was trading at 75 to 100 times earnings. So from a price earnings valuation versus growth, the stock trades slightly above where it should. So if you look at consensus estimates going into this year, growth is only 13%. But you have to bear in mind that earnings growth has slowed down dramatically.Įverybody remembers Netflix just spending tons of money on content, didn't care about free cash flow, just drive that subscriber growth. So from that perspective, it looks very inexpensive. Do you buy here going into the numbers?ĭANIEL MORGAN: What's interesting because the stock trades about 38 times earnings on a historical price earnings basis. The shares, Dan, are already up some 52% or something this year. So that's what | going to be focusing on. As you guys know, Netflix always trades on new subscriber growth. So I think those will be the things that everybody's focusing on. We think there's about 2.7 million subscribers that are on this new program that they have. Also, people want to know more color about their basic with ads initiative. So those are going to be the key statistics that everybody faces their focus is on. And then going into the third quarter, we're looking for about 4.7 million new subscribers. So what's the expectation for Netflix going into their numbers?ĭANIEL MORGAN: Well, everybody's going to be focusing on the new subscriber data the consensus estimate for the second quarter is about 1.8 billion- excuse me, 1.8 million new subscribers. ![]() First, let's dive right into Netflix, which was also once before, it was in the magnificent seven. So Dan, Thank you so much for joining us. Joining us now with his earnings outlook is Dan Morgan, Synovus Trust senior portfolio manager. We get our first glimpse of tech with two of the magnificent seven reporting on Wednesday, Netflix and Tesla. Can big tech companies be expected to lead in earnings growth this quarter the way that they have dominated the stock market? That would be the sharpest earnings decline since Q2 2020. S&P 500 earnings are expected to drop by 7.1% in the second quarter according to FactSet. What are the expectations ahead for the FAANG stock alumnus? Synovus Trust Senior Portfolio Manager Daniel Morgan joins Yahoo Finance Live to explain subscriber growth is the most important figure for the streaming service after its pivot to ad-based subscription tiers and mounting pressures from the Hollywood writers and actors' strikes. Netflix is set to report its corporate earnings on Wednesday.
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