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

Shutterstock

31/10/2023 13:32

* Shutterstock Inc  SSTK.N  reported quarterly adjusted
earnings
of $1.26​​ per share for the quarter ended in September. The
mean expectation of five analysts for the quarter was
for earnings of 81 cents per share.
    * Revenue rose 14.3% to $233.25 million from a year ago;
analysts
expected $214.47 million. 
    * Shutterstock Inc's reported EPS for the quarter was 79
cents​.
    * The mean earnings estimate of analysts had fallen by
about 14.4%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Shutterstock Inc shares had fallen by 9.8% this
quarter and
lost 34.9% so far this year.
    * The company reported quarterly net income of $28.42
million.
    * Wall Street's median 12-month price target for
Shutterstock Inc
is $76.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
October 31 at 01:31 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.81           1.26           Beat
 Jun. 30 2023      1.02           1.07           Beat
 Mar. 31 2023      1.07           1.29           Beat
 Dec. 31 2022      0.95           1.05           Beat