NFLX earnings report play

With the much anticipated earnings of NFLX quickly approaching within the next few days, we saw a drop in price at about 4.28% when market closed on Friday. With the earnings estimate being 0.79 EPS and a previous earnings target being met at 0.64, I think Netflix will see a continue rise in stock price in the long run given the earnings report next week goes well. With the booming popularity and increased amount of users, this has affected the value of the stock within the past year quite favourably. Despite many competitors entering the once dominated market, NFLX still reigns supreme. With a 52 week range of $157.61- $429.91, the stock dropping nearly 5% could be a good buying opportunity. I have been thinking about adding NFLX to my portfolio so I will be watching closely on market open on Monday to see when I can buy in. We see a consistent trend of people selling before earnings reports in a panic sell with various stocks although I don't think this downward trend will be necessary or long lived for the stock giant like NFLX.