Netflix is set to release its quarterly earnings after the market closes today, with Wall Street analysts and investors showing high expectations. The streaming giant is projected to report earnings per share (EPS) of $4.76, a 44.7% increase year-over-year, and revenue of $9.53 billion, up 16.4% year-over-year. Analysts are also anticipating the addition of approximately 4.5 million new subscribers. The stock has been flirting with record highs, and the market is pricing in a potential move of around 8.6% following the earnings announcement, including a $54 point move. Institutional investors have shown bullish sentiment, with over 310 institutional holders increasing their stakes by approximately 13% in the second quarter. Netflix's new ad-supported tier and crackdown on password sharing are seen as key factors driving growth. Wall Street estimates include net adds of 4.9 million, revenue of $9.5 billion, and EPS of $4.74.