SpartanTradeAlerts
Oct 16, 11:13 PM
$NFLX into Tuesday is the setup to watch next week.
Shares are down about 25% this year heading into Q3 earnings on Oct 20 after the close, and options are pricing roughly a 9% swing by the end of next week, enough to test a two year low near
$64 or run back toward
$77.
Consensus sits near
$0.82 EPS on about
$12.88B in revenue, up from
$0.59 a year ago, but growth is slowing from last year's 17% plus pace and engagement is the debate. The 6% workforce cut announced ahead of the print adds to that question.
Watch whether guidance and viewing commentary calm the slowdown worry, or if that implied move plays out to the downside first.
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