Join InvestingPro for under $9 a month for a limited time only and never miss another bull market by not knowing which stocks to buy!
Netflix is slated to release its Q1 update after the U.S. market closes on Thursday at 4:00PM ET, and results will once again surprise to the upside in my view thanks to favorable consumer demand trends and an improving fundamental outlook. If that is in fact confirmed, it would mark the highest quarterly sales total in Netflix’s 27-year history, as more people sign up for its video streaming services amid the current environment.
InvestingPro’s ProTips underscore Netflix’s promising outlook, emphasizing its favorable positioning in the streaming industry, which has allowed it to leverage a resilient business model and strong profit growth.) in the week ahead, as the investment banking giant’s first quarter update will probably underwhelm investors amid a weak performance across its key business segments.
To make matters worse, revenue is forecast to decline 1% annually to $14.35 billion amid a disappointing performance in its all-important wealth management and investment banking divisions.
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Investingcom - 🏆 450. / 53 Read more »
Source: Investingcom - 🏆 450. / 53 Read more »
Source: Investingcom - 🏆 450. / 53 Read more »
Source: Investingcom - 🏆 450. / 53 Read more »
Source: Investingcom - 🏆 450. / 53 Read more »