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5 Major Earnings Reports Due This Week

24/7 Wall St. has put together a preview of some of the major companies reporting their quarterly results this week. We are just entering into earnings season in which most major companies will report and set a direction for the market. This quarter is especially important to see where these companies are going ahead of the Federal Reserve rate hike. We have included the consensus earnings estimates from Thomson Reuters and the stock price and trading history, as well as added some additional color on each.

Be advised that the earnings and revenue estimates may change ahead of the formal reports, and some companies may change reporting dates as well.

Netflix

Netflix Inc. (NASDAQ: NFLX) will share its most recent quarterly results on Wednesday. The consensus estimates call for earnings per share (EPS) of $0.08 and $1.75 billion in revenue. This company engages in the Internet delivery of TV shows and movies directly on TVs, computers and mobile devices in the United States and internationally. The company operates in three segments: Domestic Streaming, International Streaming and Domestic DVD.

Shares were trading at $113.33 on the close on Friday, in a 52-week trading range of $45.08 to $129.29. The stock has a consensus analyst price target of $119.30.

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