Don’t waste your time – keep track of how NFP affects the US dollar!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
Warning! Old version of the browser!
Press one of the icons below to proceed to the official website of the developer and download the latest version of your browser.
Online Forex broker
Information is not investment advice
Netflix will post the earnings report for the first quarter on Wednesday, at 01:00 MT (GMT+3) time. Thus, we will see the company’s revenue and EPS after the market closes.
Forecasts:
EPS: $2.98 (+89.8% from the Q1 2020);
Revenue: $7138 million.
After impressive results in 2020, when Netflix’s number of subscribers surpassed 200 million amid the Covid-preventing lockdowns, the company needs to prove its dominance in the streaming world. While the subscription levels and the quality of shows in the platform remain on top, there is some slightly noticeable downturn in the download volumes and web traffic, according to SimilarWeb. However, positive factors for the Netflix stock still prevail. For example, the number of subscription cancellations remained low in March despite the price hikes. Therefore, there are high chances of the actual data beating estimates during the upcoming release.
The Netflix stock has been in a long-term consolidation between the $500 and $567 levels. The release of the earnings data may change the performance of NETFLIX. If the results outperform the forecasts, the stock will soar above $558-567 towards $593-600. On the other hand, the slide below $538 will happen. In this kind of scenario, the next obstacle for bears will be a strong one, as it will lie near the ascending trendline and 200-day SMA. If the earnings are mixed, the stock will continue trading sideways between the support of $515 and the resistance zone of $558-567.
Keep in mind that the report will come out when the stock market will be shut. Thus, there may be gaps in the chart of the Netflix stock after the market opens. If a gap occurs, the price may try to fill it in. As a result, a stock may move in the opposite direction after the gap.
For example, if earnings are disappointing, the gap down may appear right after the market opens at 16:30 MT (GMT+3) time. After that, the stock has a high chance to rise.
By the way, trading Netflix stock is also available in FBS Trader!
Don't know how to trade stocks? Here are some simple steps.
Despite the negative news and worrying headlines, we recommend traders to make mental reframing of the situation. This way, you can look at the market from a different perspective. Let’s observe how you can take advantage of the uncertainties and make the fundamentals work for you!
The US Federal Reserve may refrain from more aggressive interest rate hikes in March due to geopolitical risks after Russia's special operation in Ukraine…
Hello from the far 2022! FBS analysts have used some magic to travel to the future and brought you some hilarious predictions.
Japan's inflation is set to reach 2% in April's reading, for the first time since 2015. But what about the weaker Yen?!
Last week brought a selloff in markets. Some assets reached the most crucial support levels and are likely to reverse in a short term. Be ahead of trends and make the most out of this week!
Historically, the stability of the franc is caused by the solid Swiss economy and a highly developed banking system…
Your request is accepted.
We will call you at the time interval that you chose
Next callback request for this phone number will be available in 00:30:00
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
