Why Netflix Is Jim Cramer's Least Favorite FANG

Netflix is set to announce earnings on Tuesday, Oct. 16.
Author:
Publish date:

Netflix  (NFLX) - Get Report is no longer the apple of Jim Cramer's eyes. 

TheStreet's founder told Katherine Ross that Netflix is no longer his favorite FANG stock.

Instead, he said, he prefers Disney (DIS) - Get Report

Might be time for a new acronym, huh?

Netflix is set to release earnings after the bell on Tuesday, Oct. 16.

TheStreet's tech columnist, Eric Jhonsa--who has received heavy praise from Cramer--wrote a walk-up to the earnings. Jhonsa will also be covering the earnings live for TheStreet. The blog will go live at 3:45 p.m. ET.

"On average, analysts polled by FactSet expect Netflix to report Q3 revenue of $4 billion (up 34% annually) and GAAP EPS of $0.68m," Jhonsa wrote. "For Q4 -- Netflix provides quarterly guidance within its shareholder letters -- the consensus is for revenue of $4.23 billion (up 29%) and EPS of $0.50."

Netflix is Real Money's stock of the day. Kevin Curran, a reporter for Real Money, will be taking a deep dive into Netflix ahead of the earnings.