Battered Netflix (NFLX) investors may end up tuning in to another dose of bad news when the company reports earnings on July 16.
Quick insight: "Given currency movement and a lack of hit programs, we believe more investors are expecting Netflix to lower full year numbers," KeyBanc Capital Markets **** yst Justin Patterson warned in a note on Monday.
The Street may be surprised negatively if Netflix does cut its outlook. According to Yahoo Finance AlphaSpace data, **** yst profit estimates on Netflix for 2026 have remained steady over the past 60 days and have fallen slightly for 2027.
But Netflix stock is trading as if another guidance letdown is in the cards. The stock is down 11% in the past month, bringing its year-to-date slide to 22%. Shares have plunged 41% over the past year.
Don't forget: Investors were left frustrated in April when Netflix failed to raise its full-year 2026 revenue guidance range from $50.7 billion to $51.7 billion.
Quick insight: "Given currency movement and a lack of hit programs, we believe more investors are expecting Netflix to lower full year numbers," KeyBanc Capital Markets **** yst Justin Patterson warned in a note on Monday.
The Street may be surprised negatively if Netflix does cut its outlook. According to Yahoo Finance AlphaSpace data, **** yst profit estimates on Netflix for 2026 have remained steady over the past 60 days and have fallen slightly for 2027.
But Netflix stock is trading as if another guidance letdown is in the cards. The stock is down 11% in the past month, bringing its year-to-date slide to 22%. Shares have plunged 41% over the past year.
Don't forget: Investors were left frustrated in April when Netflix failed to raise its full-year 2026 revenue guidance range from $50.7 billion to $51.7 billion.
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