Tuesday, January 19

Wednesday, January 20

Thursday, January 21

Netflix (NFLX)

Consumer Discretionary – Internet Retail | Reports January 19, after the close.

The Estimize consensus calls for EPS of $0.04, just a penny higher than Wall Street and two cents higher than company issued guidance. The Estimize community is looking for sales of $1.83B, just slightly above the Street’s estimate.

What to watch: Coming into the new year, the FANG stocks (Facebook, Amazon, Netflix, Google), as they are called, seemingly had the most promise for 2016. Those names were up an average of 83% in 2015 as compared to the S&P 500 which was down around 1%. Netflix alone was up a resounding 130%, but that was then and this is now. Since Jan 4, the stock has fallen 5%, and expectations for fourth quarter earnings results which report after tomorrow’s closing bell have been sliding as well.  One main worry is domestic subscription growth which saw a surprising slowdown in Q4 2015 as competitors, Amazon Instant Video and Hulu began to establish their foothold in video streaming. Another area of concern is costs around international expansion. Netflix recently announced their intention to enter 130 international markets throughout 2016. By broadening their global reach, Netflix creates a new market with the opportunity to generate new subscriptions and bolster revenue growth. That being said, Netflix has already established itself in most of the lucrative markets around the world. Hence, its success elsewhere, while not guaranteed, will come with increasing content acquisition costs and lower operating margins than they have been accustomed to.

International Business Machines (IBM)

Information Technology – IT Services | Reports January 19, after the close.

The Estimize consensus calls for EPS of $4.77, just one penny above Wall Street. Revenue estimates from Estimize are actually below the sell-side at $22.13B vs. $22.23B.