NEW YORK (TheStreet) -- Shares of Netflix Inc. (NFLX - Get Report) are higher by 0.82% to $447.80 ahead of its 2014 second quarter earnings results which are scheduled to be released today after the market close.
Analysts polled by FactSet are expecting the online movie and TV streaming service to report earnings of $1.14 per share on revenue of $1.34 billion, Market Watch reports.
For the 2013 second quarter, Netflix reported earnings per share of 49 cents on revenue of $1.07 billion.
Must Read: Warren Buffett's 25 Favorite Stocks
Analysts polled by Thomson Reuters are also expecting Netflix to report an increase in earnings per share to $1.16 on revenue of $1.334 billion, Value Walk reports.
Analysts attribute a growth in Netflix subscribers to their expectations for an increase in quarterly earnings.
TheStreet Ratings team rates NETFLIX INC as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation: "We rate NETFLIX INC (NFLX) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet."
NFLX data by YCharts
STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.