Netflix Inc (NASDAQ:NFLX) shares are trading marginally lower by 0.89% to $242.88 during Tuesday’s trading session in anticipation of the company’s third-quarter earnings report, confirmed for today’s after-hours session.
According to analyst consensus estimates, Netflix is expected to report revenue of $7.84 billion on EPS of $2.13.
What’s Going On Ahead Of Tuesday’s Report?
Analysts at KeyBanc Capital Markets, and Credit Suisse offered some insight on what investors should be looking for ahead of the streaming service’s earnings.
Netflix is launching an ad-supported tier, for $7 per month, beginning on Nov. 3. The new lower-priced ad-supported tier is the primary opportunity for TAM (total addressable market) and APRU (average revenue per unit) accretion in developed markets…Read More
See Also: Why Norwegian Cruise Line And Royal Caribbean Group Shares Are Rising During Tuesday’s Session
According to data from Benzinga Pro, Netflix has a 52-week high of $700.99 and a 52-week low of $162.71.
