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Here's what major analysts think of Netflix before its earnings report Tuesday


Added 04-16-19 09:02:01am EST - “Analysts watching Netflix closely as it reports earnings after the bell.” - Cnbc.com

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Posted By TheNewsCommenter: From Cnbc.com: “Here's what major analysts think of Netflix before its earnings report Tuesday”. Below is an excerpt from the article.

Wall Street analysts are squarely focused on what Netflix has to say about subscriber growth, price hikes, and its rivals launching streaming services, when the company reports earnings after the market close Tuesday.

Last week, Disney unveiled its long awaited $6.99 per month streaming services. After Disney's announcement, many analysts said they believed the company was not a threat to Netflix.

"Sell-side consensus international paid subscriber expectations are 24.4 million and 24.8 million net additions, respectively, vs our estimates of 27.4 million and 27.5 million," wrote Deutsche Bank analyst Bryan Kraft who also upgraded the stock Wednesday and raised his price target.

"The idea that consumers will choose Disney+ over Netflix seems unrealistic, unless a given consumer's use case for having Netflix has been limited to watching Disney films," he said.

"We see limited scope for a negative surprise on domestic [subscriptions] in 1Q or 2Q guidance, despite concerns about price hikes and competition, " Bank of America analyst Nat Schindler wrote. "We would see any dip on either issue as a particularly attractive buying opportunity because we do not view Disney as the competition," he said.

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