Los Gatos, California-based Netflix, Inc. (NFLX) is a provider of entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. With a market cap of $381 billion, Netflix's operations span over 190 countries worldwide. The entertainment giant is set to announce its fourth-quarter earnings after the market closes on Tuesday, Jan. 21.
Ahead of the event, analysts expect Netflix to report an adjusted profit of $4.21 per share, up a massive 99.5% from $2.11 per share reported in the year-ago quarter. The company’s earnings surprise history is mixed. It surpassed Wall Street’s bottom-line estimates thrice over the past four quarters while missing on one other occasion. Its adjusted EPS for the last reported quarter surged 44.8% year-over-year to $5.40, exceeding analysts’ estimates by 6.1%.
