Netflix has ranked among analysts' favorite 'stay at home' stocks as many have shifted to remote work during the coronavirus crisis.
Netflix has ranked among analysts' favorite "stay at home" stocks as many have shifted to remote work and new entertainment options during the coronavirus pandemic.Reed Hastings attends Reed Hastings panel during Netflix 'See What's Next' event at Villa Miani on April 18, 2018 in Rome, Italy.is set to report its Q1 2020 earnings after the bell on Tuesday.
Wall Street is anticipating earnings per share of $1.65 on revenue of $5.76 billion, based on Refinitiv consensus estimates. Domestic paid subscriber additions is expected to come in at 775,000 and international paid subscriber additions is expected to be 7.2 million, according to FactSet. However, it's difficult to compare reported earnings to analyst estimates for Netflix's first quarter, as the impact of the coronavirus pandemic on earnings is complicated to assess.
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