By Tae Kim
Investors are expecting Netflix to give updates about the progress of its ad subscription plan and pricing strategy after the market close.
Some analysts are worried changes on either front could dampen future growth.
For the third quarter, the consensus for Netflix (ticker: NFLX) is for the company to report revenue of $8.54 billion with earnings per share of $3.49 and 6.1 million in paid net add subscriptions. Analysts’ estimates for the current quarter are EPS of $2.17, net adds of 7.7 million, and $8.78 billion in revenue.
Last week, Wolfe analyst Peter Supino lowered his rating to Peer Perform from Outperform for Netflix and removed his $500 price target on the stock, citing worries about growth in the coming years.