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After reaching an all-time high of 458 on March 6, Netflix (NFLX) stock has slid nearly 25%. The next potential catalyst for the subscription streaming video service will happen after the close Monday, when the company reports first-quarter earnings. Analysts polled by Thomson Reuters expect Netflix to earn 83 cents a share on sales of $1.27 billion. If it hits those targets, sales would be up nearly 24% from the year-earlier period. And earnings per share would be up 1,560% from 5 cents a year ago. For the June quarter, analysts are modeling Netflix to earn $1 a share, up 104%, on sales of $1.32 billion, up 23%. Wall Street on Monday will be looking for Netflix to report continued domestic and international subscriber growth, as well as improved profitability. Analysts also are watching for possible news About a price increase and international expansion plans. “We believe that Netflix has… Scalper1 News
Scalper1 News