(News Bulletin 247) – Netflix rose this Thursday on the New York Stock Exchange in the hope of good surprises next Tuesday when it publishes its first quarter results.
The action of the American video streaming giant is currently rising more than 3%, signing one of the strongest increases of an S&P 500 index up 0.7%.
In a study released in the morning, Wells Fargo analysts say they are “optimistic” for the publication, which will fall after the close on Tuesday evening.
‘We believe that the presentation will be more dedicated to the project aiming
to end code sharing in the United States rather than quarterly performance per se,” warns the Californian bank.
According to analysts, the management team should demonstrate its confidence in the effect of these measures, which should lead the financial community to revise upwards its forecasts for the group.
At Wedbush Securities, Netflix is believed to be on track to beat its own guidance, which calls for quarterly revenue of $8.17 billion and EPS of $2.82.
With regard to the number of new subscribers, the broker says he expects the arrival of 3.5 members in net terms over the first three months of the year.
Less optimistic, Wells Fargo analysts indicate that they anticipate some 2.5 million new subscribers in the first quarter, a forecast that is still higher than the Wall Street consensus, which only targets 2.3 million accounts.
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