NFLX Earnings; Poor Seasonality
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Netflix (NFLX) is set to report Q1 earnings after the close today. Our Earnings Explorer lets you pull up all of NFLX's historical Q1 reports to see how the company has typically done. Below is a snapshot of these historical Q1 reports for NFLX pulled directly from the Earnings Explorer.
What do we see? Well, Q1 has not been a great quarter for NFLX in recent years. The company missed sales estimates and lowered guidance on both its Q1 2023 report and its Q1 2022 report. Additionally, NFLX shares have traded lower on the day of its last five Q1 reports going back to 2019.
Of course, we don't know what will happen to NFLX when it reports its Q1 2024 numbers after the close today, but at least we have all of the historical data to help us make more informed decisions.
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Disclaimer: Bespoke Investment Group, LLC believes all information contained in this report to be accurate, but we do not guarantee its accuracy. None of the information in this report or any ...
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