What if their forward guidance is poo-poo? Stock folks seem to not like that at all.
Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
- Start date
What if their forward guidance is poo-poo? Stock folks seem to not like that at all.
That could happen as well with there next outlook. Last quarter they brought down estimates substantially and go figure the stock is still up 30+% for the year. No such thing as down!!!
Here are the key numbers:
- Earnings per share: 56 cents expected, per Refinitiv consensus estimate
- Revenue: $4.93 billion expected, per Refinitiv
- Domestic paid subscriber additions:352,000, forecast by FactSet
- International paid subscriber additions: 4.81 million, forecast by FactSet
It's all about that forward expectation. They didn't meet it this time. Now they are being punished.
Zero risk free money.
As I said a while back Netflix is no longer the stock it was. This market is completely saturated and with so many companies offering streaming content they will be losing lots of market share. Stock is still too high. Will be in the double digits in the years to come!
The reason why I mentioned this was because of the hype, last quarter they lowered expectations so I thought they were going to pull an apple, under forecast and over deliver. And most articles prior to earnings were bullish on Netflix going into earnings.
This is hilarious...
So now they say they can spend more money on its own shows now that it's not spending money on the office and friends. Hahahahah.
Let's be real here they were already spending hundreds of millions on their own shows that's why they are blowing through billions of dollars every year for new content. They are spending more than what they have and that will only take them so far. Time for them to cut back on their content. speBut They they won't since competition now is too heavy for them. They spent over $10 billion last year on content and those numbers are only getting higher, with incredible amounts of competition and just way way way too much streaming content already to be had how much are they going to spend before they say we can't keep spending like this.
Netflix says it can spend more on its own shows now that it's not paying for 'The Office' and 'Friends'
Sarah Whitten | @sarahwhit10
Published 1 Min AgoCNBC.com
So now they say they can spend more money on its own shows now that it's not spending money on the office and friends. Hahahahah.
Let's be real here they were already spending hundreds of millions on their own shows that's why they are blowing through billions of dollars every year for new content. They are spending more than what they have and that will only take them so far. Time for them to cut back on their content. speBut They they won't since competition now is too heavy for them. They spent over $10 billion last year on content and those numbers are only getting higher, with incredible amounts of competition and just way way way too much streaming content already to be had how much are they going to spend before they say we can't keep spending like this.
Netflix says it can spend more on its own shows now that it's not paying for 'The Office' and 'Friends'
Sarah Whitten | @sarahwhit10
Published 1 Min AgoCNBC.com
- In the next two years, Netflix will lose "The Office," "Friends" and its catalog of Disney shows and movies.
- This frees up Netflix's budget and will allow the company to spend more money on its own content.
- In 2019, Netflix was rewarded with 117 Emmy Award nominations for its original content including "When They See Us," "Nailed It," "Dead to Me" and "Russian Doll."
Have no fear folks team Trump will announce something like..... good progress being made on China trade deal. Or FOMC may say.....need for larger cut seen as positive.
Are you shorting NFLX or all of the FAANG? Is there an ETF for that?