Netflix Stock Trades Higher Ahead of Earnings Report

  • Netflix (NFLX) gains 1.71% today, hitting two-week highs.
  • Market consensus expects the company to report revenue of $10.13 billion.

Netflix stock set a day’s low at $854.75, finding buyers that drove the stock price to January 8 highs of $873.40. At the time of writing, NFLX is trading above $872.75, up 1.71% daily.

Netflix shares hit two-week highs ahead of quarterly report

Traders are focusing their attention today on Netflix’s (NFLX) quarterly report, which will be released after the market closes. NFLX is expected to have revenue of $10.13 billion and earnings per share of $4.2.

The company has exceeded analysts’ forecasts in the last three reports. On this occasion, the consensus projects that the company has registered 290.3 million subscribers in the last quarter of 2024.

Netflix technical levels

NFLX stock reacted higher from support given by the January 14 low at $823.63. The closest resistance is seen at $935.95, high on December 24, 2024. The next key resistance zone is at $941.56, pivot point on December 11, 2024.

NFLX 4-hour chart

Source: Fx Street

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