Netflix Q4 Earnings Preview: Time for Investors to Worry About NFLX Stock?
Netflix NFLX is set to report its fourth-quarter fiscal 2019 earnings results after the closing bell on Tuesday, January 21. The streaming giant’s stock price has climbed over the last several months but Wall Street is worried about Netflix’s growing competition.
Netflix stock is down roughly 1% over the last year, which stands in stark contrast to the S&P 500 and many of its fellow tech giants. The company is coming off back-to-back subscriber growth misses and those came before Disney DIS and Apple AAPL entered the fray in November.
Soon Netflix will be part of a streaming market that features Comcast CMCSA, AT&TT, and others. Meanwhile, Amazon AMZN continues to spend on its streaming TV future.
The early numbers from Disney+ appear strong and Apple TV+ has some big names in front of and behind the camera. Despite the competition, Netflix is still the largest streaming TV company in the world. But the firm has taken on debt to fund its original content.
NFLX is currently a Zacks Ranks #3 (Hold) heading into its report. Investors need to pay close attention to its subscriber growth and what management has to say about its new, deep-pocketed competition.
Netflix’s upcoming report and guidance could prove to be a pivotal for the firm that went on an insane run during the 2010s.
Just Released: Zacks’ 7 Best Stocks for Today
Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.6% per year.
These 7 were selected because of their superior potential for immediate breakout.
See these time-sensitive tickers now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The Walt Disney Company (DIS) : Free Stock Analysis Report
Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
Netflix, Inc. (NFLX) : Free Stock Analysis Report
AT&T Inc. (T) : Free Stock Analysis Report
Comcast Corporation (CMCSA) : Free Stock Analysis Report
Apple Inc. (AAPL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research