Netflix
NFLX
is slated to report its Q3 2023 results on October 18th. We estimate that Netflix’s revenue will come in at a little over $8.50 billion for the quarter, marginally below consensus estimates and the company’s guidance. This would mark year-over-year growth of roughly 7.5%. We estimate that earnings will stand at $3.50 per share, also roughly in line with the consensus. So what are some of the trends that are likely to drive Netflix earnings for the quarter? See our interactive dashboard analysis on Netflix Earnings Preview for more details on how Netflix’s revenues and earnings are likely to trend for the quarter.
We note that NFLX stock has had a Sharpe Ratio of 0.5 since early 2017, which is in line with the 0.5 ratio for the S&P 500 Index over the same period. This compares with the Sharpe of 1.2 for the Trefis Reinforced Value portfolio. Sharpe is a measure of return per unit of risk, and high-performance portfolios can provide the best of both worlds.
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