Investing.com -- Shares of Netflix (NASDAQ:NFLX) climbed 1% intra-day Tuesday in anticipation of the streaming giant's upcoming earnings report. Analysts have set expectations for an earnings per share (EPS) of $4.20 on revenue projections of $10.13 billion.
Investors are keenly awaiting Netflix's subscriber growth figures, with consensus estimates predicting net subscriber additions of 9.1 million. This metric has been highlighted as the primary area of focus for the company's performance assessment.
The heightened interest in subscriber numbers comes as Netflix shares have experienced a 10% decline from their early December peak, which is a steeper drop than the S&P 500's 4% fall in the same period. The company's high valuation and concerns surrounding the impact of a strong U.S. dollar on foreign exchange (FX) rates have been cited as contributing factors to this downward pressure.
As the market closes today, all eyes are on Netflix to deliver a strong performance in subscriber growth to counteract the recent stock price declines and address investor concerns over its valuation and the potential headwinds from currency fluctuations. The results will indicate whether Netflix can maintain its momentum in the highly competitive streaming industry and reassure shareholders of its market position.
A complete analysis of tonight's earnings report can be found here
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