Strong EPS Gains Expected for Netflix (NFLX) in Q2, While Revs See Modest Bump
Netflix (Nasdaq: NFLX) shares are lower Monday afternoon heading into the streaming content provider's second-quarter 2013 earnings report, which will be released following the close of trading today.
The Street is currently looking for EPS of $0.40 on revs of $1.07 billion. Numbers compare with EPS of $0.11 and revs of $889 million reported in the same period last year.
Short interest on the name fell nearly 16 percent at last check to 7.21 million shares, or 13.1 percent of float at the end of June.
Netflix has been on quite the run, rising over 180 percent since the start of 2013. The stock's annual high of $270.31 was reached last Thursday.
Traders will be keeping an eye on net sub additions for both Domestic and International Streaming. Domestic rose 2.03 million to 29.17 million last quarter, while International saw a 1.02 million gain to 1.81 million.
Netflix is down 0.7 percent on heavier volume.
The Street is currently looking for EPS of $0.40 on revs of $1.07 billion. Numbers compare with EPS of $0.11 and revs of $889 million reported in the same period last year.
Short interest on the name fell nearly 16 percent at last check to 7.21 million shares, or 13.1 percent of float at the end of June.
Netflix has been on quite the run, rising over 180 percent since the start of 2013. The stock's annual high of $270.31 was reached last Thursday.
Traders will be keeping an eye on net sub additions for both Domestic and International Streaming. Domestic rose 2.03 million to 29.17 million last quarter, while International saw a 1.02 million gain to 1.81 million.
Netflix is down 0.7 percent on heavier volume.