How Is Netflix Faring after Its 1Q17 Results?
Netflix’s rise in stock price
Netflix (NFLX) announced its 1Q17 earnings on April 17, 2017. Netflix’s stock price closed at $143.36 on April 18. The company’s stock price has risen 0.3% since its earnings announcement. Year-to-date, its price has risen 15.8%.
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Netflix in 1Q17
In 1Q17, Netflix fell short of 100 million subscribers, reporting total global subscribers of 98.8 million. However, the company stated on its earnings call that it expected to reach the 100 million mark by the end of this week.
The company had total revenue of $2.6 billion, a rise of ~35% year-over-year, and an operating margin of 9.7%. It declared diluted EPS (earnings per share) of $0.4, exceeding analysts’ consensus estimate of $0.37 per share.
In this series…
In this series, we’ll look at the key factors that have impacted Netflix’s earnings and how the company is expected to perform in the US (SPY) and international markets.