PREVIEW: Netflix shares rise ahead of earnings report

Netflix NFLX.O shares rise 0.8% ahead of quarterly results after the bell, as investors focus on rev growth following recent subscriber surge

Analysts expect quarterly rev up 12% to $10.52 bln, with adjusted EPS seen at $5.71 vs $5.28 year-ago, per LSEG as co shifts focus from subscriber growth to sales

NFLX stock recently at 36 times expected earnings, suggesting it may be close to fairly valued compared to its average forward PE of 38 over the past five years

Co's stock has climbed about 9% YTD, outperforming Nasdaq .IXIC, which has fallen 16% in the same period

Stock is about 9% below its 52-week intraday high of $1,064.5 reached on February 14, 2025

In the past 30 days, four out of 49 analysts have raised EPS estimates for the quarter, while four have revised downwards, reflecting mixed sentiment among analysts