Shutterstock Inc reports results for the quarter ended in December - Earnings Summary

Shutterstock

21/02/2024 14:31

* Shutterstock Inc  SSTK.N  reported quarterly adjusted
earnings
of 72 cents​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of $1.05.  The mean expectation of five analysts for the quarter
was for earnings of 67 cents per share. Wall Street expected
results to range from 61 cents to 74 cents per share.
    * Revenue fell 0.2% to $217.22 million from a year ago;
analysts
expected $224.00 million. 
    * Shutterstock Inc's reported EPS for the quarter was a loss
of 3
cents​.
    * The company reported a quarterly loss of $1.01 million.
    * Shutterstock Inc shares had fallen by 7.9% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 9.8%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"hold" and 1 "sell" or "strong sell." 
    * Wall Street's median 12-month price target for
Shutterstock Inc
is $60.00 

This summary was machine generated from LSEG data February 21 at
02:30 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.67           0.72           Beat
 Sep. 30 2023      0.81           1.26           Beat
 Jun. 30 2023      1.02           1.07           Beat
 Mar. 31 2023      1.07           1.29           Beat