Netflix, Inc. (NASDAQ:NFLX) is all set to release its third-quarter earnings and revenue report in the coming week. Analysts are expecting a lot from the video streaming company. In an article on Trading Floor, Mads Koefoed from Saxo Bank said that by all consensus, Netflix, Inc. (NASDAQ:NFLX) will report around $1.4 billion sales. This will be an increase by no less than 27.4% year over year for Netflix. Earnings per share is also going to get a boost to $1.17 from $0.52.
According to Netflix, Inc. (NASDAQ:NFLX)’s estimate, its revenue will be around $1.22 billion. The company has recently rolled out its services in major countries in Europe. Australia and other parts of the world are now its target. The sudden expansion and sustenance of existing user base will give the company a great surge in its stock price in the coming quarters.
So far, Netflix, Inc. (NASDAQ:NFLX) has very happy shareholders on its board in 2014. The company’s holding experienced a rise of 24% as compared to 2013. Since past three months, there is a rise of 4%.
Experts think that number of subscribers are the key factor for Netflix, Inc. (NASDAQ:NFLX) in defining its future course of action and growth. In the second quarter, Netflix, Inc. (NASDAQ:NFLX) reported 50 million subscribers. The company is likely to add 3.69 million more new subscribers to this number. The company’s business model is completely fixated on subscription and the increase in subscriber base all over the world for Netflix, Inc. (NASDAQ:NFLX) is the key to further growth in services curve.
On Friday, Netflix, Inc. (NASDAQ:NFLX) came down by 2%. The stock closed at $452.08. The company is slated to release its reports on Wednesday and it will try to get an initial boost after the report to get an initial jump in the markets to attract investors.
Carl Icahn‘s Icahn Capital Lp hold around 1 million Netflix, Inc. (NADSAQ:NFLX) shares.