Netflix’s Q4 are projected to sink over 39% according to the market participants consensus. Luckily, the firm’s adjusted full-year are projected to skyrocket 110%. And the company’s fiscal 2019 EPS figure is expected to come in 57%.
At the other end, NFLX’s Q4 revenues are projected to climb 28% to reach $4.21 billion. Meanwhile, the company’s fiscal 2018 revenues are projected to reach $15.84 billion, which would mark a 35.5% surge. Netflix’s top line is then expected to jump 26% above our current year estimate in 2019.
U.S Stock Market sell-off sent the stock 9 months low and the stock ended the week at 265 $. Now we are in a HOLD mood.
A pattern is being printed on the weekly chart. NFLX is likely to test 250 $. We will look for a buying opportunity at 250 – 245 region with stop loss below 220 $. Our targets will be 270 $, 300 $ and 320 $.
REMINDER: This is just a technical study and cannot be considered as an investment advice.
Trading’s got nothing to do with luck!!
I hope it pulls back to 1250.