Netflix Inc (NASDAQ: NASDAQ:NFLX) shares are trading marginally lower by 0.89% to $242.88 during Tuesday's trading session in anticipation of the company's third-quarter earnings report, confirmed for today's after-hours session.
According to analyst consensus estimates, Netflix is expected to report revenue of $7.84 billion on EPS of $2.13.
What's Going On Ahead Of Tuesday's Report?
Analysts at KeyBanc Capital Markets, and Credit Suisse (SIX:CSGN) offered some insight on what investors should be looking for ahead of the streaming service’s earnings.
Netflix is launching an ad-supported tier, for $7 per month, beginning on Nov. 3. The new lower-priced ad-supported tier is the primary opportunity for TAM (total addressable market) and APRU (average revenue per unit) accretion in developed markets...Read More
According to data from Benzinga Pro, Netflix has a 52-week high of $700.99 and a 52-week low of $162.71.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.