Netflix Sees a More Significant Dip Than Broader Market: Some Facts to Know
The latest trading session saw Netflix (NFLX) close at $988.39, marking a -1.47% move from the previous day, trailing the S&P 500's daily loss of 0.5%. Netflix shares have increased by 2.61% over the last month, outstripping the Consumer Discretionary sector's gain but falling short of the S&P 500's loss. Analysts will be closely monitoring Netflix's upcoming earnings disclosure, with consensus estimates projecting an EPS of $5.73 and revenue of $10.53 billion.
- The significant dip in Netflix's stock price may signal a shift in investor sentiment towards the streaming giant, potentially due to concerns about growing competition or increasing regulatory scrutiny.
- How will the changing estimates for Netflix's future earnings impact its long-term growth prospects and valuation in comparison to other technology companies?