![]() Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Early investors stand to make a killing, but you have to be ready to act and know just where to look. Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Zacks has just released a Special Report on the booming investment opportunities of legal marijuana. Looking for Stocks with Skyrocketing Upside? Netflix is currently scheduled to release its Q4 financial results after the closing bell on Thursday, January 17. And if we look at recent jumps from fellow streaming firms such as Roku ROKU, it seems hard to think Netflix won’t at least climb by its old highs at some point in the near future. Netflix also recently took home more Golden Globes than any another other network or streaming service and ended HBO’s 17-year run at the top of the Emmy nomination last year. And let’s not forget that giants such as Google’s GOOGL YouTube have original content and Facebook FB is focused on rolling out more streaming offerings.īut Netflix boasts more users than its current peers and has a massive head start on the newcomers. Obviously, Netflix will soon face competition not only from Hulu and Amazon Prime, but also Disney, Apple, and AT&T T. Netflix has exploded from content aggregator to original TV and movie powerhouse and legitimate Hollywood-style studio in roughly five years. For reference, Netflix added 8.3 million users in the prior-year quarter and 6.96 million in Q3. Netflix expects to add 9.4 million subscribers in Q4 to help bring its worldwide total to 146.5 million. Despite NFLX’s expected Q4 downturn on the bottom line, its full-year 2018 earnings are expected to skyrocket 110.4% to reach $2.63 per share, with further earnings growth projected in 2019.ĭespite its growing revenues and negative cash flow concerns, subscriber growth might still be the metric Wall Street cares about the most. Moving on, the firm’s adjusted Q4 earnings are projected to plummet 39% to $0.25 a share. Meanwhile, NFLX’s full-year revenues are projected to jump 35% from $11.69 billion in 2017 to reach $15.81 billion in 2018. This would mark a slowdown compared to Q3’s 34% climb and Q2 and Q1’s 40% expansion. ![]() Looking ahead to Thursday, Netflix’s Q4 revenues are projected to surge 28% from the year-ago period to reach $4.21 billion, based on our current Zacks Consensus Estimate. This sets up what could be a solid buying opportunity for those high on Netflix. Investors should note that despite the streaming firm’s post-Christmas rally, Netflix stock still rests roughly 17% below its 52-week high of $423.21 a share. Shares of NFLX climbed over 6% through late-morning trading Tuesday to roughly $353. “We change pricing from time to time as we continue investing in great entertainment and improving the overall Netflix experience for the benefit of our members,” a Netflix spokesperson told The Associated Press. Netflix last raised its prices in October of 2017. Netflix’s new rates represent between a 13% to 18% price hike and mark the largest increase since the company launched streaming 12 years ago. Meanwhile, the company’s four-screen, premium offering popped from $14 to $16 a month. The company also lifted the price of its basic plan to $9 a month, up from $8. The company’s most popular standard plan, which allows users to stream on two devices at once, climbed from $11 to $13 per month. Meanwhile, current customers will see their bills climb over the next few months, according to reports. Netflix raised its prices on all of its plans, with the higher prices going into effect immediately for new customers. The rate hike comes as Netflix continues to spend billions of dollars on original content as it prepares to fight off competition from Disney DIS, Apple AAPL, and others. Netflix NFLX saw its stock price climb 6% Tuesday after the streaming TV powerhouse raised its prices on all of its streaming plans for the first time in over a year just a few days before it reports its Q4 financial results.
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