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Netflix on Q2 On Tap: Bulls See ‘Slate’ Driving Some Big Subscriber Numbers

Shares of Netflix (NFLX) are down 57 cents, or 0.4%, at $160.55, as the company heads toward its Q2 earnings report, the first of the big techs to report this earnings season.

Consensus for this quarter, according to FactSet, is for $2.76 billion in revenue and 16 cents EPS. That’s based on an expectation the company added 3.23 million subscribers, including 631,000 domestic streaming additions and 2.59 million international subs.

Some bulls see some subscriber numbers meaningfully higher.

Canaccord Genuity’s Michael Graham, reiterating a Buy rating, and a $175 price target, writes that the company is “firing on all cylinders,”...