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

Shutterstock

06/08/2024 14:53

* Shutterstock Inc  SSTK.N  reported quarterly adjusted
earnings
of $1.00​​ per share for the quarter ended in June, lower than
the same quarter last year, when the company reported EPS of
$1.07.  The mean expectation of five analysts for the quarter
was for earnings of $1.00 per share. Wall Street expected
results to range from 78 cents to $1.16 per share.
    * Revenue rose 5.4% to $220.05 million from a year ago;
analysts
expected $213.48 million. 
    * Shutterstock Inc's reported EPS for the quarter was 10
cents​.
    * The company reported quarterly net income of $3.63
million.
    * Shutterstock Inc shares had fallen by 1.9% this
quarter and
lost 21.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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." 
    * The average consensus recommendation for the online
services
peer group is also "hold"

Wall Street's median 12-month price target for Shutterstock Inc
is $64.00 
This summary was machine generated from LSEG data August 6 at
01:53 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
 Jun. 30 2024      1.00           1.00           Met
 Mar. 31 2024      0.99           1.13           Beat
 Dec. 31 2023      0.67           0.72           Beat
 Sep. 30 2023      0.81           1.26           Beat