Netflix NFLX shares have demonstrated a remarkable return of 24.7% in the year-to-date period, outshining the Zacks Consumer Discretionary sector’s growth of 10.2%. This surge is a testament to the triumph of its recent content releases and a promising pipeline for the year 2024.
Prepare to delve into the realm of mystery once more as Netflix unveils its latest gem, The Seven Dials Mystery, a series crafted by none other than Chris Chibnall, the ingenious mind behind the popular Broadchurch and Doctor Who.
The Seven Dials Mystery, originally a detective fiction by Agatha Christie, was initially published by William Collins & Sons in the UK on Jan 24, 1929, and later in the US by Dodd, Mead and Company within the same year.
The narrative of the book orbits around Sir Oswald and Lady Coote, a couple of high social standing, hosting a lavish event at their rural estate. Amidst the guests is Gerald Wade, who frequently finds himself the butt of jokes due to his habitual oversleeping. An elaborate prank is devised by some guests to mock Gerald by setting up eight alarm clocks in his room, scheduled to chime at varying intervals throughout the night. However, the next morning unravels a grim discovery—Gerald Wade lies lifeless in his chamber with one alarm clock missing, triggering a series of enigmatic murders among the attendees, each linked to a different guest and a vanished item.
Executive produced by Suzanne Mackie from Orchid Pictures, renowned for her contributions to the award-winning series The Crown, and Chris Sussman, known for Good Omens, The Seven Dials Mystery boasts an exceptional lineup both on-screen and behind the lens. Chris Sweeney, celebrated for his work on The Tourist and Back to Life, takes the directorial baton, infusing his expertise into this much-anticipated project.
The Seven Dials Mystery heralds the inaugural collaboration between Orchid Pictures and Netflix, with filming scheduled to kick off this summer. Not only will Chris Chibnall pen the series, but he will also assume an executive producer role through his production entity, Imaginary Friends.
James Prichard of Agatha Christie Limited expressed immense pleasure in witnessing Christie’s beloved characters, including Bundle Brent, brought to life through Chibnall’s narrative and the collaborative efforts of Orchid Pictures and Netflix.
Netflix, Inc. Price and Consensus
NFLX’s Solid Content Portfolio to Drive Top-Line Growth
Netflix has an array of fresh content lined up for the remainder of 2024, including movies, TV series, and original films, poised to propel the company’s revenue growth in the immediate future.
For the first quarter of 2024, Netflix anticipates a 16% revenue increase on a F/X neutral basis. This Zacks Rank #3 (Hold) entity predicts earnings of $4.49 per share, reflecting a year-over-year growth of 55.9% or 12% on a foreign-exchange neutral basis.
The Zacks Consensus Estimate for NFLX’s first-quarter revenues stands at $9.25 billion, indicating a 13.35% surge year over year. Earnings consensus has remained constant over the last 30 days at $4.49 per share.
Among the fresh content arriving on Netflix in April 2024 are the nature docuseries Our Living World, German action series Crooks (Season 1), stand-up comedy special Demetri Martin: Demetri Deconstructed, and the Italian romance drama The Tearsmith. Additionally, viewers can look forward to kids’ animated series Spirit Rangers (Season 3), the Italian period drama Brigands: The Quest for Gold, Japanese action-comedy movie City Hunter, and the K-drama series Parasyte: The Grey, among numerous others.
This content influx is poised to fend off competition from industry peers such as Disney, Amazon, and Apple. While Netflix has lagged behind Disney but surpassed Amazon and Apple, Disney and Amazon’s stocks have surged by 35.5% and 18.7%, respectively, year to date, whereas Apple has incurred a 10.9% dip.
