Investors will be looking for solid subscriber growth when Netflix reports first-quarter earnings on Thursday, ahead of new competition from Disney.
, both of which were announced in the past month. Netflix lost more than $8 billion in market value since last Thursday, when Disney+ was revealed, before rebounding in trading on Tuesday.Deutsche Bank analyst Bryan Kraft upgraded Netflix to buy from hold ahead of earnings on Tuesday, crediting the company for becoming a"cultural necessity" and"magnet for talent.
Investors will also be eyeing Netflix's guidance for the second quarter, when it will largely be rolling out its biggestHere are the key numbers to look for in Netflix's earnings:Q1 earnings per share : Wall Street estimates 8.94 million and Netflix forecasts 8.9 million.Internationally, Wall Street estimates 7.33 million and Netflix forecasts 7.3 million.
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