Netflix (NFLX) Q1 Earnings Preview: What You Should Know Beyond the Headline Estimates

In its upcoming report, Netflix (NFLX) is predicted by Wall Street analysts to post quarterly earnings of $5.74 per share, reflecting an increase of 8.7% compared to the same period last year. Revenues are forecasted to be $10.54 billion, representing a year-over-year increase of 12.5%.The current level reflects a downward revision of 0.1% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.With that in mind, let's delve into the average projections of some Netflix metrics that are commonly tracked and projected by analysts on Wall Street.Based on the collective assessment of analysts, 'Revenue- Streaming Revenues' should arrive at $10.66 billion. The estimate indicates a year-over-year change of +13.7%.The collective assessment of analysts points to an estimated 'Revenue- United States and Canada' of $4.74 billion. The estimate points to a change of +12.1% from the year-ago quarter.It is projected by analysts that the 'Revenue- Asia-Pacific' will reach $1.23 billion. The estimate suggests a change of +20.2% year over year.Analysts' assessment points toward 'Revenue- Latin America' reaching $1.26 billion. The estimate suggests a change of +8% year over year.According to the collective judgment of analysts, 'Revenue- Europe, Middle East and Africa' should come in at $3.31 billion. The estimate points to a change of +11.8% from the year-ago quarter.Analysts forecast 'LATAM - Paid memberships at end of period' to reach 54.12 million. Compared to the present estimate, the company reported 47.72 million in the same quarter last year.The average prediction of analysts places 'UCAN - Paid memberships at end of period' at 90.55 million. Compared to the present estimate, the company reported 82.66 million in the same quarter last year.Analysts predict that the 'APAC - Paid memberships at end of period' will reach 58.89 million. The estimate is in contrast to the year-ago figure of 47.5 million.Analysts expect 'Global Streaming Memberships - Paid memberships at end of period' to come in at 305.99 million. The estimate compares to the year-ago value of 269.6 million.The combined assessment of analysts suggests that 'Global Streaming Memberships - Paid net membership additions (losses)' will likely reach 4.36 million. Compared to the current estimate, the company reported 9.33 million in the same quarter of the previous year.The consensus estimate for 'EMEA - Paid memberships at end of period' stands at 102.44 million. The estimate is in contrast to the year-ago figure of 91.73 million.The consensus among analysts is that 'EMEA - Average revenue per membership' will reach $10.68. The estimate is in contrast to the year-ago figure of $10.92.View all Key Company Metrics for Netflix here>>>Over the past month, Netflix shares have remained unchanged versus the Zacks S&P 500 composite's -3.6% change. Based on its Zacks Rank #3 (Hold), NFLX will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Netflix, Inc. (NFLX): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks