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Is Netflix Inc (NFLX) Set To Beat Earnings Estimates? NFLX Stock

What should you expect from Netflix Inc (NASDAQ:NFLX) earnings on 17 July amidst mixed views?

California-based Netflix Inc (NASDAQ:NFLX) is scheduled to report its earnings for Q2 2017 on 17 July, after market close. As is often the case, there doesn't seem to be a strong consensus among analysts and observers about what to expect from the streaming giant. While initial signs were positive, given Netflix's strong user acquisition estimates towards the beginning of the quarter, one analyst has come out with commentary that casts shadows of doubt over the company's results this quarter. Meanwhile, an investors who has made money shorting Netflix in the past says he's short the stock again. We look at both sides of the argument after a brief look at the consensus estimates for Q2.

Netflix Earnings - Q2 Analyst Estimates

Netflix beat analysts' estimates of earnings by 5.3% last quarter, and some believe that the company is 'lowballing' its susbscriber growth forecast for this quarter, setting up for another beat. In terms of revenue and earnings, analysts expect the company to report $2.76 billion in revenue, translating to a YoY growth of close to 31%. Coming to bottom line numbers, analysts expect the streaming service to bring in 16 cents in Earnings Per Share (EPS), compared to 9 cents for the same quarter last year, representing a massive 78% YoY spike in EPS. While these numbers may seem a bit optimistic, investors should bear in mind that Netflix has a track record of beating analyst estimates. The company has beaten estimates consistently for the last four quarters on the trot, delivering an...