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

Shutterstock

03/05/2024 05:08

* Shutterstock Inc  SSTK.N  reported quarterly adjusted
earnings
of $1.13​​ per share for the quarter ended in March, lower than
the same quarter last year, when the company reported EPS of
$1.29.  The mean expectation of five analysts for the quarter
was for earnings of 99 cents per share. Wall Street expected
results to range from 90 cents to $1.12 per share.
    * Revenue fell 0.4% to $214.32 million from a year ago;
analysts
expected $208.52 million. 
    * Shutterstock Inc's reported EPS for the quarter was 45
cents​.
    * The company reported quarterly net income of $16.12
million.
    * Shutterstock Inc shares had fallen by 7.4% this
quarter and
lost 12.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.7%
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 May 3 at 04:08
a.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
 Mar. 31 2024      0.99           1.13           Beat
 Dec. 31 2023      0.67           0.72           Beat
 Sep. 30 2023      0.81           1.26           Beat
 Jun. 30 2023      1.02           1.07           Beat