With Redbox and Netflix both set to report their first quarter earnings next week, Wall Street analysts are anticipating good numbers from Redbox parent Coinstar, and are expecting to be disappointed by Netflix.
According to Forbes, analysts are expecting a loss of 27 cents per share, which is quite a tumble from a profit of $1.11 per share in the first quarter of 2011. Netflix’s revenue is still expected to outpace last year, coming in at an anticipated $869.3 million for the quarter. 18 out of 30 analysts surveyed by Forbes recommend that investors hold on to their Netflix stock.
What do you think is going to happen next week when Redbox and Netflix reveal their numbers from the last three months? Is Wall Street right to be so bullish on Coinstar and so bearish on Netflix?
[via Forbes]
Intresting,
If you have followed all the Wall Street predictions lately, they haven’t been very accurate, so we shall see, but there were a lot of surprises given the economy is in the dumper overall. The only reason we are seeing some companies doing better than expected is due to layoffs, cutbacks in expenses, but none of the winners are hiring, they are only firing.
sorry !!! I don’t know what bullish and bearish mean.
With the economy in the total crap can. And things only getting worse.Not better like Bozo say’s it is. Some companies like Nexflix and RedBox may do ok. As they have few people, and not hiring. Maybe only letting go..
But none are a good winner…