Wall Street expects a year-over-year increase in earnings on higher revenues when Netflix (NASDAQ: NFLX) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on April 18. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. Zacks Consensus Estimate This internet video service is expected to post quarterly earnings of $4.49 per share in its upcoming report, which represents a year-over-year change of +55.9%. Revenues are expected to be $9.25 billion, up 13.4% from the year-ago quarter. Estimate Revisions Trend The consensus EPS estimate for the quarter has been revised 1.15% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. Earnings ...