NFLX earnings watch

NFLX earnings are on Wednesday 7/19/23 at 4pm. Netflix (NFLX) reported Q1 March 2023 earnings of 2.88 per share on revenue of 8.2 billion. The consensus earnings estimate was 2.83 per share on revenue of 8.2 billion. Revenue grew 3.7% on a year-over-year basis. The company said in its shareholders letter it expects second quarter earnings of approximately 2.84 per share for the quarter ending June 30, 2023.

NFLX Q2 June 2023 Consensus:
EPS = 2.82
Revenue = 8.27 B
PE = 47.5

NFLX earnings recap since 2022:
1/20/22 = (- 110)
4/19/22 = (-82)
7/19/22 = +14
10/18/22 = +11
1/19/23 = +13
4/18/23 = +1

NFLX VWMA levels:
VWMA20 = 435
VWMA50 = 399
VWMA100 = 359
VWMA200 = 318

NFLX options data:

7/21 expiry
Put Volume Total 30,928
Call Volume Total 45,847
Put/Call Volume Ratio 0.67
Put Open Interest Total 124,823
Call Open Interest Total 121,902
Put/Call Open Interest Ratio 1.02

8/18 expiry
Put Volume Total 5,613
Call Volume Total 7,508
Put/Call Volume Ratio 0.75
Put Open Interest Total 25,430
Call Open Interest Total 32,265
Put/Call Open Interest Ratio 0.79

9/15 expiry
Put Volume Total 2,769
Call Volume Total 2,525
Put/Call Volume Ratio 1.10
Put Open Interest Total 47,611
Call Open Interest Total 44,274
Put/Call Open Interest Ratio 1.08

Comment:

Netflix (NFLX) reported earnings of $3.29 per share on revenue of $8.19 billion for Q2 June 2023. The consensus earnings estimate was $2.83 per share on revenue of $8.27 billion. The company beat expectations by 13.84% while revenue grew 2.72% on a year-over-year basis.

Comment:

NFLX 3 day rule in effect. Whenever a stock is down after earnings, you always wait at least 3 days to try to go long.

Comment:

NFLX earnings on Wednesday 10/18/23 4:00 PM ET.
Q3 Sep 2023 Consensus:
EPS = 3.47
Revenue: 8.43 B