Earnings preview: Tesla, Netflix after the bell this evening
There are three tech companies reporting after the bell this evening, all of them all-sessions on the IG platform.
These are Netflix (NFLX), Tesla (TSLA), and IBM. IGTV’s Jeremy Naylor looks at NFLX and TSLA as the headlines likely to dominate.
(Video Transcript)
Netflix
Two stocks worth looking at. After the closing bell this evening on Wall Street, they both traded sessions on the platform, an opportunity to trade both Netflix and Tesla. Let's take a look, first of all, at Netflix, as you may well be aware of your user. Customers are no longer able to share passwords and every household now has it has its own password.
Does it mean that customers have abandoned Netflix? Well, that's very unlikely, but margins could be affected by the number of people who decided to switch to the add tier offer, which is cheaper. Expectations are for earnings per share at 2.84 on revenues of eight and a quarter billion for the period last year, we saw $3.20 for the same quarter, but that 8.27 billion is expected and that would be a record high in terms of overall revenue.
Share price chart
Let's take a look at the share price chart. There's been a more than 200% increase since the lows we had back on the 12th of May last year in the share price. We're up 70% so far this year and shares all sessions on the platform now have reached this level here, not seen since the 20th of January 2022. Tesla The stock reports after the closing bell, as does
Tesla
Now Tesla's scheduled to release its quarterly report. At the same time, Street expects earnings of $0.79 a share on revenues of $24.29 billion in the same quarter. This time last year, the electric vehicle maker posted eraning per share (EPS) almost $0.76 and revenues at just under 17 billion. So, you can see whichever way you cut it, we are looking for an improvement year over year.
Share price chart
And if you look at the share price chart, I've got here this hundred and 39% uplift we've seen in shares since the beginning of this year, it has it started the year off even lower as we went into January. But there has been this big rebound as Elon Musk has gone for a different strategy was sales have been the really the pinnacle of what he's trying to achieve here to try and combat the entry into the market from these Chinese manufacturers.
So, are we going to get something good out of Tesla this evening? If we do and we do see the stock price rise, this will be the next hurdle. You can see two or three touches on this line at $313.72. If we go all the way back to September last year and earlier in the summer as well. So that's going to be a key line to watch out for if we get some good numbers.
The stock is currently trading $292, 94 on the platform. Both these stocks trade all sessions, and you can trade them after the bell this evening when we get those earnings.
This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
Take a position on indices
Deal on the world’s major stock indices today.
- Trade the lowest Wall Street spreads on the market
- 1-point spread on the FTSE 100 and Germany 40
- The only provider to offer 24-hour pricing
Live prices on most popular markets
- Equities
- Indices
- Forex
- Commodities
Prices above are subject to our website terms and agreements. Prices are indicative only. All share prices are delayed by at least 15 minutes.
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.
