Netflix, Inc. (NFLX) is scheduled to report its first-quarter results on April 18. Wall Street expects the streaming giant to post higher revenue and earnings in the first quarter. With NFLX’s earnings expected shortly, I have discussed why it could be wise to buy the stock now.
For the first quarter, NFLX’s EPS and revenue are expected to increase 57.5% and 13.7% year-over-year to $4.54 and $9.28 billion, respectively. The company reported adding 13.1 million subscribers during the fourth quarter, which was much higher than Wall Street expectations. Moreover, NFLX’s global streaming paid memberships grew 12.8% year-over-year to 260.28 million.
