Netflix (NFLX) reported an earnings miss for its 4th quarter, ending 12/31/2022. Earnings per share came in at $0.12, versus the expected $0.55.
The reported revenue of $7.85 billion represents a decrease of -0.93% compared to the previous quarter, and growth of 1.85% compared to the same period last year.
For the 1st quarter, analysts project earnings of $2.92 per share.
Often, earnings announcements affect a stock’s price. See a history of earnings-related price changes for NFLX stock.
What’s Next for Netflix, Post-Earnings?
According to TipRanks, the average analyst consensus on NFLX stock is a Moderate Buy. This consensus is based on 32 analyst ratings made in the past 3 months. Netflix’s average price target of $342.70 implies upside potential of 8.52% from current levels.
See our Earnings Calendar for a full list of this week’s earnings releases.
Bottom Line
An earnings miss can signify negative movement ahead for a stock’s price. Currently, NFLX price is $315.78, indicating a 5-day drop of -5.12%.
About Netflix
Netflix, Inc. is a subscription-based streaming service through which members can view TV shows, documentaries and movies on any internet-connected device. The company also offers its DVD-by-mail service in the United States. Founded by Marc Randolph and Wilmot Reed Hastings Jr., on August 29, 1997, Netflix is headquartered in Los Gatos, CA..
Learn more about NFLX financials here
