Netflix (NFLX) is set to report Q1 earnings tonight after the close with a conference call to follow at 6pm ET. NFLX generally reports results shortly after the bell. 

Current Capital IQ consensus stands at EPS of $0.37 on Revenue of $2.645 bln. 

Q1 Guidance

  • Total Streaming
    • Revenue $2.516 bln
    • Contribution Margin 24.8%
    • Total Membership 99 mln
    • Net Adds 5.20 mln
  • Domestic Streaming
    • Revenue $1.471 bln
    • Contribution Margin 41.3%
    • Total Membership 50.9 mln
    • Net Additions 1.5 mln
  • International Streaming
    • Revenue $1.045 bln
    • Contribution Margin 1.5%
    • Total Memberships 48.07 mln
    • Net Adds 3.70 mln

Q4 Recap

  • NFLX reported Q4 (Dec) earnings of $0.15 per share, $0.02 better than the Capital IQ Consensus of $0.13. Revenues rose 35.9% year/year to $2.48 bln vs the $2.47 bln Capital IQ Consensus. 
  • Co issued upside guidance for Q1, seeing EPS of $0.37, excluding non-recurring items, vs. $0.17 Capital IQ Consensus Estimate. 

TECHS:

Shares have moved toward the high end of the range ahead of today's report. Trader's appear to be betting on NFLX being able to post its third straight blow out report. 

NFLX held its uptrend line on the daily and looks like it has been consolidating on the weekly time frame. Shares look like they have room to the top of its weekly channel range at 163ish, that would put the stock move at 11% which is not out of the realm of possibility. 

 

Results:

Netflix beats by $0.03, reports revs in-line

  • Reports Q1 (Mar) earnings of $0.40 per share, excluding non-recurring items, $0.03 better than the Capital IQ Consensus of $0.37; revenues rose 34.7% year/year to $2.64 bln vs the $2.64 bln Capital IQ Consensus
 NFLX Comps/Numbers

NFLX Comps/Numbers