** Netflix NFLX.O shares rise 0.8% ahead of quarterly results after the bell, as investors focus on rev growth following recent subscriber surge

** Analysts expect quarterly rev up 12% to $10.52 bln, with adjusted EPS seen at $5.71 vs $5.28 year-ago, per LSEG as co shifts focus from subscriber growth to sales

** NFLX stock recently at 36 times expected earnings, suggesting it may be close to fairly valued compared to its average forward PE of 38 over the past five years

** Co's stock has climbed about 9% YTD, outperforming Nasdaq .IXIC, which has fallen 16% in the same period

** Stock is about 9% below its 52-week intraday high of $1,064.5 reached on February 14, 2025

** In the past 30 days, four out of 49 analysts have raised EPS estimates for the quarter, while four have revised downwards, reflecting mixed sentiment among analysts

(Reporting by Noel Randewich)

((noel.randewich@thomsonreuters.com))