2Q Earnings Preview: Netflix - It's Show Time Again

(RTTNews) - Coming off a disappointing quarter, which triggered about 13 percent slide in shares in a single session post the first quarter earnings release, Netflix (NFLX) is once again preparing to confront the Street with its quarterly numbers. Will it be a hit or a damp squib? Hold your breath till you get the box office numbers on Monday. 

The stock that galloped in 2015, advancing 170 percent to an all time closing high of $130.93 levels in December 2015, has come off these stratospheric levels. The stock has pulled back by about 25 percent from its historic high and is yet trading in the mid-90 levels.

The company, which once predated the brick-and-mortar operations of the erstwhile Blockbuster, flaunting its Internet savviness, may have found its match in Amazon. Traders in Netflix stock may want clarity on a few things.

-Will the Amazon threat bite into Netflix? -Will Netflix bleed money in marketing its international business? -Will subscriber growth, especially at its international streaming business, sag? -Will valuations of the stock drop down to more sustainable levels?

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