These earnings results are expected to provide some guidance on the direction of the U.S. economy as well as potential actions that the Federal Reserve could take at its next policy meeting in May.

With all three major U.S. indices logging gains last week, banking stocks appeared to be driving this surge, with JPMorgan leading the charge by gaining over 7% on what was its best day of trading since 2020.

“This week, the initial earnings from a few very large banks suggest that the quick work of the FDIC and Federal Reserve in the wake of Silicon Valley Bank’s failure [has] prevented broader damage,” strategists at Bespoke Investment Group commented in a note to clients.

Among the banking and investment stocks that remain in full focus are Charles Schwab, with results set to be released on Monday, and Bank of America and Goldman Sachs, both of whom will release their results on Tuesday.

The post Netflix, Tesla, Bank of America, in Spotlight Ahead of Earnings Reports appeared first on theprimarymarket.com.

Hastings’ decision comes after the company’s fourth-quarter financial results were released on Thursday. While the addition of 7.66 million new subscribers far exceeded forecasts of 4.5 million, adjusted earnings of $0.12 versus missed expectations of $0.58 per share.

The platform’s growth is believed to be driven by the introduction of a new, ad-supported tier as well as the release of a range of high profile content, including Glass Onion, All Quiet on the Western Front, and Wednesday. 

The post Netflix CEO Steps Down Following Q4 Earnings Report appeared first on theprimarymarket.com.

While subscriber numbers declined during the first three quarters of 2022, investors expect them to have risen over Q4. The company’s crackdown on password sharing is also at center stage.

Estimates for Netflix’s fourth-quarter financial results include revenue of $7.85 billion, adjusted earnings per share of $0.58, and an addition of 4.5 million net subscribers. Several analysts polled by Bloomberg expect Netflix to beat revenue expectations following the release of highly popular content such as Glass Onion, Troll, and Wednesday.

Given its release in November, investors are not likely to see the full impact of Netflix’s ad tier. According to data from third-party research firm YipitData, Ad-based gross subscriber additions consist of 15% of total subscriber gross additions.

Wells Fargo’s Steve Cahall expressed the bank’s belief that password sharing will be a major focal point to consider when assessing the streaming platform’s performance going forward. “While much of the sellside and buyside focus of late has been the [advertising video-on-demand] launch, we actually think disclosure will be limited as will the impact on estimates. Instead, we think password sharing is the bigger catalyst near term,” he explained

The post Investors Anticipate Subscriber Gains Ahead of Netflix Q4 Earnings appeared first on theprimarymarket.com.

Citigroup bank raised its price target for Netflix shares from $275 to $305 with Citigroup analyst Jason Bazinet estimating a significant rise in subscribers for the streaming platform. “Netflix doesn’t have a natural shareholder base. It’s not adding subs, so it’s not a growth stock. It doesn’t have a lot of cash flow, so it’s not a value stock…[But] if 65 million new customers sign up, we could go back into growth mode,” Bazinet observed.

Oppenheimer analyst Jason Helfstein agreed with Bazinet’s sentiment, adding that Netflix is able to control the timing of series launches and can use this to command premium ad costs from top-tier advertisers. Helfstein has set a target cost of $325 per share, based on his expectation for Netflix to generate $4.6 billion by 2025. This would see Netflix boost its total revenue to $42.4 billion with 282 million subscribers.

Since the streaming giant’s stock market struggles in May, Netflix’s shares have gained 40%, however, this is still 60% down from the start of the year.

The post Investors Express Positive Growth Outlook On Netflix Ad-Supported Tier appeared first on theprimarymarket.com.

While Netflix missed on revenue, raking in $7.97 billion versus $8.05 billion expected, it reported $3.20 in adjusted earnings per share (EPS) compared to $2.98 expected. However, the thing that probably benefited the company’s shares the most was the lower-than-expected loss of subscribers. It was expected that the streamer would lose around two million customers; the number came at a sustainable 970,000.

Netflix stock closed at $201.63 on Tuesday, which already represented a gain of 5.61% compared to the day before. But after the Q2 made the rounds, Netflix shares jumped another 8 percent in extended trading to reach a figure of $218.60 per share. This is the highest they have been since late April.

Netflix already saw some positives last week when it unveiled a partnership with Microsoft for its ad-supported plan. The company is expected to introduce this subscription option later in 2023 as a way to attract more subscribers with a lower price and boost its revenue.

The post Netflix Shares Jump 8% After Less-Than-Expected Q2 Subscribers Loss appeared first on theprimarymarket.com.

These earnings results are expected to provide some guidance on the direction of the U.S. economy as well as potential actions that the Federal Reserve could take at its next policy meeting in May.

With all three major U.S. indices logging gains last week, banking stocks appeared to be driving this surge, with JPMorgan leading the charge by gaining over 7% on what was its best day of trading since 2020.

“This week, the initial earnings from a few very large banks suggest that the quick work of the FDIC and Federal Reserve in the wake of Silicon Valley Bank’s failure [has] prevented broader damage,” strategists at Bespoke Investment Group commented in a note to clients.

Among the banking and investment stocks that remain in full focus are Charles Schwab, with results set to be released on Monday, and Bank of America and Goldman Sachs, both of whom will release their results on Tuesday.

The post Netflix, Tesla, Bank of America, in Spotlight Ahead of Earnings Reports appeared first on theprimarymarket.com.

Hastings’ decision comes after the company’s fourth-quarter financial results were released on Thursday. While the addition of 7.66 million new subscribers far exceeded forecasts of 4.5 million, adjusted earnings of $0.12 versus missed expectations of $0.58 per share.

The platform’s growth is believed to be driven by the introduction of a new, ad-supported tier as well as the release of a range of high profile content, including Glass Onion, All Quiet on the Western Front, and Wednesday. 

The post Netflix CEO Steps Down Following Q4 Earnings Report appeared first on theprimarymarket.com.

While subscriber numbers declined during the first three quarters of 2022, investors expect them to have risen over Q4. The company’s crackdown on password sharing is also at center stage.

Estimates for Netflix’s fourth-quarter financial results include revenue of $7.85 billion, adjusted earnings per share of $0.58, and an addition of 4.5 million net subscribers. Several analysts polled by Bloomberg expect Netflix to beat revenue expectations following the release of highly popular content such as Glass Onion, Troll, and Wednesday.

Given its release in November, investors are not likely to see the full impact of Netflix’s ad tier. According to data from third-party research firm YipitData, Ad-based gross subscriber additions consist of 15% of total subscriber gross additions.

Wells Fargo’s Steve Cahall expressed the bank’s belief that password sharing will be a major focal point to consider when assessing the streaming platform’s performance going forward. “While much of the sellside and buyside focus of late has been the [advertising video-on-demand] launch, we actually think disclosure will be limited as will the impact on estimates. Instead, we think password sharing is the bigger catalyst near term,” he explained

The post Investors Anticipate Subscriber Gains Ahead of Netflix Q4 Earnings appeared first on theprimarymarket.com.

Citigroup bank raised its price target for Netflix shares from $275 to $305 with Citigroup analyst Jason Bazinet estimating a significant rise in subscribers for the streaming platform. “Netflix doesn’t have a natural shareholder base. It’s not adding subs, so it’s not a growth stock. It doesn’t have a lot of cash flow, so it’s not a value stock…[But] if 65 million new customers sign up, we could go back into growth mode,” Bazinet observed.

Oppenheimer analyst Jason Helfstein agreed with Bazinet’s sentiment, adding that Netflix is able to control the timing of series launches and can use this to command premium ad costs from top-tier advertisers. Helfstein has set a target cost of $325 per share, based on his expectation for Netflix to generate $4.6 billion by 2025. This would see Netflix boost its total revenue to $42.4 billion with 282 million subscribers.

Since the streaming giant’s stock market struggles in May, Netflix’s shares have gained 40%, however, this is still 60% down from the start of the year.

The post Investors Express Positive Growth Outlook On Netflix Ad-Supported Tier appeared first on theprimarymarket.com.

While Netflix missed on revenue, raking in $7.97 billion versus $8.05 billion expected, it reported $3.20 in adjusted earnings per share (EPS) compared to $2.98 expected. However, the thing that probably benefited the company’s shares the most was the lower-than-expected loss of subscribers. It was expected that the streamer would lose around two million customers; the number came at a sustainable 970,000.

Netflix stock closed at $201.63 on Tuesday, which already represented a gain of 5.61% compared to the day before. But after the Q2 made the rounds, Netflix shares jumped another 8 percent in extended trading to reach a figure of $218.60 per share. This is the highest they have been since late April.

Netflix already saw some positives last week when it unveiled a partnership with Microsoft for its ad-supported plan. The company is expected to introduce this subscription option later in 2023 as a way to attract more subscribers with a lower price and boost its revenue.

The post Netflix Shares Jump 8% After Less-Than-Expected Q2 Subscribers Loss appeared first on theprimarymarket.com.