NFLX earnings are being released on Apr 19th, 2022 with an estimate of 2.92 EPS, and is reporting earnings after market close.
Based on historical trends NFLX has a 55% chance of beating earnings. This should be viewed with the associated guidance set out by the company and what analysts think about the potential for NFLX to beat earnings.
Let's take a quick look to see the distribution of analyst ratings between Buy, Hold, and Sell. For NFLX there are:
Taking a look at Twitter and Stocktwits we can get a sense of the market sentiment for NFLX. Right now the market sentiment for NFLX is 2.42% on Twitter and 5.79% on Stocktwits. Overall this is a generally positive sentiment going into earnings.
NFLX is currently averaging about 994 posts per day I'll touch on why this is important, but for now, here is a breakdown for the last 72hrs: 168 somewhat large Twitter accounts 10,000+ followers, 30 large Twitter accounts with 100k+ followers 7 very large accounts with 500k+ followers.
I like to take a look at individual tweets to see what people are saying about NFLX. This gives some decent insights into how the market is feeling, and we can usually see reference to what wall street is thinking as well.
Here are a few interesting NFLX tweets
"Buy the bottom on the billionaire $NFLX Big Billy Ackman is in $NFLX with size $NFLX CEO Reed Hastings purchased $20 mn at $380 in late Jan and Netflix reports earnings tomorrow gap fill at $500" Link
"EARNINGS PLAY / 100% HIGH RISK $NFLX - $420 CALLS EXP. 4/22 @ $0.60 $NFLX - $250 PUTS EXP. 4/22 @ $0.75 (I ONLY HAVE 2 CONTRACTS OF EACH! IM NOT GOING IN HEAVY!)" Link
"$NFLX #ERreview #chart Earnings after close Tmro Very Bearish chart into Earnings, 300 is only level for bulls to buy or risk off or for stock to base. If breaks 300 on Earnings will be a good short to downside Credit Spreads good for any Earning Pop to fade" Link
So we will have to see how it trades tomorrow, especially going into power hour. I would have to think it will be a miss but like I said, we'll only know once they release earnings