Earnings Previews: NFLX, TSM, TSLA, and AMZN
Earnings season is upon us and we have four stocks in the portfolio (NFLX, TSM, TSLA, and AMZN) that will report over the next two weeks. We are going to provide earnings previews for each stock.
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Earnings season is upon us and we have four stocks in the portfolio (NFLX, TSM, TSLA, and AMZN) that will report over the next two weeks. We are going to provide earnings previews for each stock covering (1) key metrics we're watching; (2) a bull case; (3) a bear case; (4) a discussion of potential wild cards; and (5) our big picture/long-term outlook.
Without further ado, let's get into it.
Netflix (reporting Thursday, October 17 after the close)
- Key Metrics to Watch:
- Subscriber numbers. Last quarter, Netflix stock tanked after the earnings call when the company announced they would no longer report subscriber numbers after the conclusion of the fiscal year. This was really a bad reason to sell the stock because Netflix is choosing to no longer report subscriber numbers is because the company now has multiple subscription tiers and the raw subscriber number doesn't mean much anymore. Nevertheless, the market will be focused on this number for as long as Netflix continues to report it. Analysts expect that Netflix added about 4 million subs during the quarter, and we think there is a good chance the company meets or exceeds that number.
