Netflix Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Netflix (NASDAQ:NFLX) will unveil its latest earnings tomorrow, Wednesday, January 23, 2013. Netflix provides subscription service, streaming movies, and TV episodes over the Internet.

Netflix Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for a loss of 12 cents per share, a swing from profit of 73 cents in the year-earlier quarter. During the past three months, the average estimate has moved down from a loss of 8 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at a loss of 12 cents during the last month. For the year, analysts are projecting net income of 4 cents per share, a decline of 99.1% from last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 8 cents, reporting profit of 13 cents per share against a mean estimate of net income of 5 cents per share.

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A Look Back: In the third quarter, profit fell 87.7% to $7.7 million (13 cents a share) from $62.5 million ($1.16 a share) the year earlier, but exceeded analyst expectations. Revenue rose 10.1% to $905.1 million from $821.8 million.

Here’s how Netflix traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week: