It’s not the holiday shopping season, but it’s easy to see why Netflix (NASDAQ: NFLX) could feel like Christmas in July right now.
Shares of the streaming video pioneer have fallen out of favor, a contrast to the overall rising market
This could be an opportunity as we head into earnings season. With its highly anticipated second-quarter results now less than 10 days away, Netflix’s historically cheap valuation, and several bidding wars for smaller media platforms over the past two years, it could be a good time to binge-invest in the leading premium player. 1. Love Is Blind: Earnings season is here There is no single quarterly event that can move a stock as consistently as its earnings release, and investors have been circling the afternoon of July 16 on their calendars for weeks.
Netflix will be one of the first consumer-facing businesses to report fresh financials this earnings season, and expectations are modest. The $12.574 billion that Netflix was modeling for Q2 revenue back in April is a 13.5% increase, its weakest top-line move in more than a year. The $3.327 billion that Netflix sees on the bottom line represents an even more disappointing 6.5% uptick.