Netflix Q1 Preview: $12.18B Revenue, $0.78 EPS, Analysts See 8.3% Upside
Netflix is set to report Q1 revenue of $12.18 billion and EPS of $0.78, aligning with its own $12.16 billion revenue guidance and 32.1% operating margin forecast. Option traders are pricing in a 7% stock move with 907,000 call contracts exchanged, while analysts raised the average target to $115.15, implying 8.3% upside.
1. Netflix Q1 Expectations
Netflix forecasts Q1 revenue of $12.18 billion and EPS of $0.78, closely matching its guidance of $12.16 billion in revenue and a 32.1% operating margin, reflecting over 15% year-over-year revenue growth.
2. Option Market Reaction
Option traders are pricing in a potential 7% swing in Netflix’s share price post-earnings, with call option volume surging to 907,000 contracts as investors position for upside.
3. Analyst Price Targets
Wall Street’s consensus remains bullish, with the average price target raised to $115.15 (range $79.32–$151.40), implying an 8.3% upside from current levels and maintaining an overall Outperform bias.
4. Technical Chart Breakout
Netflix shares recently broke above their 200-day moving average, suggesting a continuation of the long-term bullish trend and reinforcing positive technical momentum.