Investors and analysts could focus on upcoming content and growth of the ad-supported plan when streaming giant Netflix Inc (NASDAQ:NFLX) reports second-quarter financial results on Thursday, July 18 after market close. Here are the earnings estimates, what analysts are saying and key items to watch. Earnings Estimates: Analysts expect Netflix to report second-quarter revenue of $9.53 billion, according to data from Benzinga Pro. The company reported revenue of $8.19 billion in last year's second quarter. Netflix has beaten analysts' revenue estimates in three of the past five quarters and five of the past 10 quarters. Analysts expect Netflix to report second-quarter earnings per share of $4.74, compared to $3.29 in last year's second quarter. The company has beaten earnings per share estimates in four of the past five quarters and eight of the past 10 quarters. Guidance from Netflix calls for second-quarter revenue to be $9.49 billion and earnings per share to be $4.68. Read Also: Netflix Buys International Rights To Tencent’s Chinese Series ‘See Her Again’: Why This Rare Move Matters What Analysts Are Saying: Expectations for Netflix could be too high in the second quarter, Rosenblatt analyst Barton Crockett said in a new investor note. The analyst said the outlook of second-quarter member growth is lower than that of the first quarter, which is reasonable given normal seasonality. "We don't see a basis for the more bullish calls that Netflix can substantially top its member growth outlook," Crockett said. The analyst, who had a Neutral rating and $554 price target, said membership growth is the key to Netflix stock reaction to earnings reports. Crockett said usage data from ...