NETLFIX (NFLX)
EARNINGS RELEASE - JULY 16 (AMC)
EARNINGS EXPECTATIONS:
THIS QTR: EPS: 1.81/share REV: 6,080/M
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LAST QTR: EPS: 1.65/share ACTUAL: 1.57/share (MISS)
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NEXT QTR: EPS: 2.00/share REV: 6,390/M
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FULL YR: EPS: 6.45/Share REV: 24,80/M
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BEAT/MISS RECORD: 69% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) -4.8, -4.99, 7.19
EXPECTED JUMP MOVE THIS QUARTER: 12%
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*** With market volatility at extremes there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before trading.
Links To Latest News and Headlines
Internet television network Netflix late Tuesday added way more subscribers than expected in the fourth quarter though its earnings missed views. Netflix stock surged in after-hour trades.
Tuesday’s stock market rally fueled breakouts by Apple supplier Qualcomm and two IPOs. Netflix stock soared late on subscriber growth.
Autonomous vehicle company Cruise raises a $2 billion new round, Netflix keeps growing and WhatsApp faces more privacy concerns. Cruise announced today that it has raised $2 billion in new funding at a $30 billion valuation, with Microsoft joining as a new investor.
Netflix reported mixed earnings, with the company posting $$6.64B in revenue and $1.19 in adjusted EPS, compared to consensus estimates of $6.63B in revenue and $1.38 EPS. Annandale Capital CEO George Seay joined Yahoo Finance’s Jared Blikre to break down the details.
The streaming firm, which has been boosted by Covid, now has more than 200 million subscribers.
StockJumpers analysis and trade plans are uploaded generally 1 HOUR BEFORE MARKETS CLOSE (3PM EST) for most events.
ANALYSIS:
StockJumpers trajectory analysis reveals a negative market reaction to the news release. It may be a simple as “Sell on the News” from the run up this month, even with an expected beat on the numbers.
We are biased SHORT.
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OUR TRADE PLAN:
ENTRY: SELL
STOP LOSS: N/A
INITIAL PROFIT TARGET: 6%
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TRADE ASSIST: N/A
POST RELEASE ACTION:
There is a significant amount of data behind the scenes involved in the analysis and trade plan tab above, that does not get put into the report. Too much information for traders often confuses things – so this is stripped down to only what is needed to make the best possible decision(s) on trading the trajectory.
Members who are too busy to manual trade can use Trade Assist. For more information visit here
Avg Daily Volume: 7,720,634 Market Cap: 223.31B
Sector: Services Short Interest: 2.63
Ticker delayed 20 minutes
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by Team Stockjumpers