Key control
- Netflix is ​​expected to report the results of the first quarter after the market closes on Thursday.
- Analysts expect the transmission giant to report the increase in income and profits.
- Most companies tracked by Visible Alpha have a “purchase” or equivalent rating in Netflix shares.
Netflix (NFLX) is scheduled to inform the results of the first quarter after the closing bell on Thursday, with analysts that suggest that the transmission giant could be well positioned to resist an uncertain macroeconomic environment.
In a recent note for customers, JPMorgan called Netflix the “more resistant” company that tracks, given the solid streamer subscribers base, with members who observe an average of two hours of content per day. The bank has a “overweight” rating and an objective price of $ 1,025 for shares.
Morgan Stanley also appointed Netflix a “better choice”, hoping that the company can “demonstrate relative resistance in a weaker global macro.” The analysts described the setback in Netflix’s shares following the tariff announcement of President Donald Trump on April 2 a “purchase opportunity” for investors.
Most Netflix analysts qualify the actions of a ‘purchase’
In total, 14 of the 18 analysts covering Netflix tracked by visible Alpha have “buy” or equivalents for shares, and the rest issued a “retention” rating. Its target consensus price of approximately $ 1,097 would suggest almost 20% rise since the closing of Friday.
Netflix is ​​expected to report revenues of $ 10.5 billion, 12% more year after year and net income of $ 2.48 billion, or $ 5.69 per share, increased by $ 2.33 billion, or $ 5.28 per share, a year earlier.
Netflix shares have increased almost 50% in the last 12 months, to $ 918.29 from the closing of Friday.
