Reed Hastings attends Reed Hastings panel during Netflix ‘See What’s Next’ event at Villa Miani on April 18, 2018 in Rome, Italy.
Earnings season is underway and there’s no shortage of story lines when Netflix reports its second quarter earnings after the bell on Wednesday. Wall Street analysts say they’ll be squarely focused on key metrics like cash, content, and comments on upcoming competition from Disney and HBO Max.
The streaming giant is up 37% year to date, that’s second only to Facebook among the so-called FAANG stocks. But it’s also underperformed the market over the past year, concerning analysts. FAANG refers to a group of internet and tech stocks including Facebook, Amazon, Apple, Netflix, and Google.
Despite the concerns, most analysts are still urging clients to buy into the report.
“NFLX remains one of our top…