Posted 3/12/2024, 9:45:18 PM
Netflix Stock Rises on Strong Earnings Growth and Positive Outlook
- Netflix (NFLX) stock rose 1.69% on Tuesday, outpacing the broader market
- NFLX earnings per share projected to increase 56.25% year-over-year
- Revenue estimate of $9.25B for next quarter, a 13.35% annual increase
- Zacks consensus estimates call for 41.56% EPS growth and 14.53% revenue growth for the full year
- Recent positive estimate revisions indicate favorable outlook and potential for further stock gains
- NFLX holds a Zacks Rank #1 (Strong Buy) based on rising EPS estimate revisions