Streaming giant Netflix (NFLX) is scheduled to announce its first-quarter results after the market closes on Thursday, April 16. According to TipRanks’ Options Tool, options traders expect about a 7.13% move in either direction in NFLX stock in reaction to Q1 2026 earnings. This implied move is higher than Netflix stock’s average post-earnings move (in absolute terms) of 4.7% over the past four quarters.
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What to Expect on April 16
Wall Street remains upbeat, with analysts expecting Netflix to report EPS of $0.79 for Q1 2026, reflecting an increase of 15% year-over-year. Meanwhile, revenue is expected to rise 15.5% to $12.18 billion.
Wall Street’s Take Ahead of Netflix’s Q1 Earnings
Ahead of the print, Matthew Condon of Citizens Financial Group kept a Market Perform rating on Netflix. He expects the company to post better-than-expected results, with a possible lift to full-year earnings mainly from recent U.S. price hikes. He still sees Netflix’s strong position in the market, helped by its large global reach, which allows it to raise prices and spend more on content than rivals.
However, he noted that the stock has already moved higher after the decision to walk away from a deal with Warner Bros. Discovery (WBD), and is now trading near its usual valuation levels. For now, he prefers to wait for a better entry point before turning more positive on the stock.
In contrast, Justin Patterson of KeyBanc Capital Markets raised the price target on Netflix to $115 from $108 and kept an Overweight rating. He lifted his 2026 and 2027 estimates, pointing to steady growth from Netflix’s pricing and ad model, along with cost savings after the company stepped away from a deal with Warner Bros. Discovery.
Patterson now expects revenue of about $51.4 billion in 2026 and $57.9 billion in 2027, with earnings per share of $3.77 and $4.01, respectively.
Is Netflix a Good Stock to Buy?
Turning to Wall Street, NFLX stock carries a Strong Buy consensus rating. Among the 40 analysts covering the stock, 30 have issued Buy recommendations, and 10 rate it as Hold. Moreover, the average Netflix stock price target of $115.09 implies a 12% upside potential from current levels.
