Netflix and IBM Announce Earnings This Week ๐Ÿ“ˆ

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Netflix and IBM Announce Earnings This Week

Netflix

The streaming service saw its stock price jump within the first few months of the pandemic following a large increase in subscriptions. However, the number of new subscribers has grown slower in recent months leaving investors questioning the gains made at the beginning of the year will last.

The company reports earnings and the markets will be watching a few different things. One will obviously be its performance over the past few months and how well it retained those new customers. But investors may be more eager to see its forecasts for the future. There is uncertainty with the direction of the pandemic, and this has caused delays in content production. Check in Tuesday to see how Netflix performed and what it projects for the future.

IBM

The technology company will report earnings this afternoon and there are a few things that investors should be watching. The quarter was IBMโ€™s first full quarter with new CEO Arvind Krishna so this performance will be the first indication of the companyโ€™s new direction. In addition, IBM announced two weeks ago an upcoming split into two companies. Todayโ€™s report will give investors a good breakdown of how profitable different aspects of the company are, which will be important for pricing the two separate future companies.

Investors should also be looking out for cost projections going forward. The split will be expensive to execute, so that could present a drag on the companyโ€™s profits until it is fully completed.

I am not a financial advisor and my comments should never be taken as financial advice.ย Investments come with risk, so always do your research and analysis beforehand.

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