Netflix, slated to report Monday after the bell, will report earnings per share of 33 cents, a penny higher than the Street’s consensus estimate, according to Estimize. And Netflix has a history of beating the Street, topping Street expectations 79 percent of the time, according to Estimize.
MKM Partners analyst Rob Sanderson expects strong quarterly results from the streaming giant.
“Over the past several years, Q3 has been a difficult quarter for management to predict and has missed guidance multiple times. This year we think the Q2 upside was appropriately weighted as a demand pull-forward and the Q3 content slate performed better than was contemplated in guidance,” Sanderson said in a note to clients.
Netflix is up nearly 60 percent this year and hit a record high earlier this week after the company announced price increases to some of its streaming plans.
Big numbers are also expected from the big banks. JPMorgan Chase, Citi, Bank of America and Morgan Stanley are all up at least 12 percent year to date and will report this Thursday and Friday.
JPMorgan reported earnings per share of $1.76 before the bell Thursday. Investors had forecast the big bank would report $1.70 per share, above the $1.67 Wall Street consensus estimate, according to Estimize.