The following is from the post titled "Battling Netflix," published April 24th:
"While I am a long-term long holder of Netflix shares, I do anticipate a drop in the after-hours stock price due to results below analysts’ consensus. However, even if there is a drop in the share price, I believe that Netflix’s run is not yet over."
Sure enough, immediately after Monday's Q1 earnings report, shares began falling in after-hours trading. By the end of Tuesday, the stock ended down 9.04%, while the DOW rose 0.93%.
In the coming days I'll be posting my Q2 outlook. Now that we know the impact of the January rate plan changes, I'm hoping for even more accurate revenue and EPS projections.
"While I am a long-term long holder of Netflix shares, I do anticipate a drop in the after-hours stock price due to results below analysts’ consensus. However, even if there is a drop in the share price, I believe that Netflix’s run is not yet over."
Sure enough, immediately after Monday's Q1 earnings report, shares began falling in after-hours trading. By the end of Tuesday, the stock ended down 9.04%, while the DOW rose 0.93%.
In the coming days I'll be posting my Q2 outlook. Now that we know the impact of the January rate plan changes, I'm hoping for even more accurate revenue and EPS projections.
NFLX Ownership
Author: Yes
Author’s Family: NO
Disclaimer:
· Opinions, estimates and projections contained in this report are of the author as of the date published and are subject to change without notice.
· This report is not, nor should it be construed as, an offer to sell or solicitation of an offer to buy any securities.
· Unless otherwise noted, all research reports provide information of a general nature and do not address the circumstances of any particular investor.
· Opinions, estimates and projections contained in this report are of the author as of the date published and are subject to change without notice.
· This report is not, nor should it be construed as, an offer to sell or solicitation of an offer to buy any securities.
· Unless otherwise noted, all research reports provide information of a general nature and do not address the circumstances of any particular investor.
· It is important to do your own due diligence on any position you enter.
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