Netflix Stock Has a Lot to Prove This Week

Investors are hoping to see history repeat with Netflix (NASDAQ: NFLX) this earnings season. Shares of the leading premium video service have nearly doubled over the past year, but it's up only 45% in 2024. The stock soared 35% in the final two-and-a-half months of last year, initially fueled by a blowout third-quarter report.Netflix is always fashionably early to the earnings season red carpet. It will offer up this year's third-quarter financials after Thursday's market close. Will shareholders get another exciting rerun, or are expectations too high now? With Netflix stock hitting another all-time high on Friday, it will take a strong financial performance to keep the upticks coming.The guidance Netflix offered in mid-July was mixed. The streaming pioneer was expecting revenue to climb 14% to $9.7 billion for the three months ending in September, a sequential step down from the 17% year-over-year increase it delivered in the second quarter. The news gets better as we work our way down the income statement.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool