Netflix is set to report its second-quarter results on Thursday. The media platform’s stock has seen a significant surge of about 35% in 2024. According to FactSet data, Netflix has one of the highest implied moves on the screen, standing at 7.4%. Analysts polled by LSEG are expecting Netflix to report earnings per share growth of approximately 40%. Investors are eagerly awaiting the results from Netflix after the last quarter’s blowout report, which exceeded Wall Street estimates with 16% subscriber growth.
D.R. Horton
D.R. Horton shares are also expected to react to its latest financial release. The stock has seen a moderate increase of about 1% since the beginning of the year. Based on implied probabilities in the options market, shares of the homebuilder are expected to move by 5%. The firm is scheduled to report results for the fiscal third quarter that ended June 30 on Thursday. D.R. Horton was a notable winner last week following cooler-than-expected inflation data, which prompted investors to shift away from technology stocks in anticipation of lower interest rates.
Taiwan Semiconductor is also set to report its latest quarter numbers on Thursday. The company’s shares have experienced a remarkable surge of nearly 80% in 2024, driven by strong demand for artificial intelligence chips. Shares of Taiwan Semiconductor have an implied postearnings move of more than 6%. Bank of America has raised its earnings forecasts for 2024, 2025, and 2026 ahead of this week’s results, citing optimism for further AI and cloud demand.
Aside from the aforementioned stocks, other companies that could see significant postearnings moves include United Airlines and Equifax. The performance of these stocks in the wake of their earnings reports could impact investor sentiment and the broader market.
The upcoming earnings reports from key companies this week are likely to drive volatility in the stock market. Investors will be closely monitoring the results and guidance provided by these companies to gain insight into the overall health of the economy and specific sectors. It is essential for investors to stay informed and exercise caution when trading stocks during this period of heightened uncertainty.