Netflix Is at Risk of Earnings Letdown After $250 Billion Rally
Expectations have been building around a second-half slate of blockbuster sequels, including the highly anticipated Stranger Things. The stock price has nearly doubled over the past year, adding about $250 billion in market value and lifting its price-to-estimated earnings ratio to 43 times, well above the Nasdaq 100 at 27 times. The firm is due to report second-quarter results Thursday after US markets close.
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