$170.54 Million in Sales Expected for Shutterstock Inc (NYSE:SSTK) This Quarter

Share on StockTwits

Brokerages expect Shutterstock Inc (NYSE:SSTK) to report sales of $170.54 million for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Shutterstock’s earnings, with estimates ranging from $170.08 million to $170.78 million. Shutterstock posted sales of $162.07 million in the same quarter last year, which suggests a positive year-over-year growth rate of 5.2%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, February 25th.

On average, analysts expect that Shutterstock will report full-year sales of $655.37 million for the current year, with estimates ranging from $654.24 million to $656.96 million. For the next financial year, analysts forecast that the company will report sales of $690.71 million, with estimates ranging from $684.65 million to $694.55 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Shutterstock.

Shutterstock (NYSE:SSTK) last released its quarterly earnings results on Tuesday, November 5th. The business services provider reported $0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.27. The business had revenue of $159.08 million during the quarter, compared to analyst estimates of $161.77 million. Shutterstock had a net margin of 4.75% and a return on equity of 12.20%. The company’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.38 earnings per share.

Several analysts have commented on the stock. SunTrust Banks increased their price target on shares of Shutterstock from $36.00 to $38.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. ValuEngine raised shares of Shutterstock from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Finally, Zacks Investment Research downgraded shares of Shutterstock from a “hold” rating to a “sell” rating in a report on Friday, December 6th.

Several institutional investors and hedge funds have recently bought and sold shares of SSTK. NumerixS Investment Technologies Inc increased its holdings in shares of Shutterstock by 100.0% during the second quarter. NumerixS Investment Technologies Inc now owns 800 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 400 shares in the last quarter. Aperio Group LLC acquired a new position in shares of Shutterstock during the second quarter valued at about $87,000. Quantamental Technologies LLC increased its holdings in shares of Shutterstock by 2,525.0% during the second quarter. Quantamental Technologies LLC now owns 2,625 shares of the business services provider’s stock valued at $103,000 after acquiring an additional 2,525 shares in the last quarter. Robeco Institutional Asset Management B.V. acquired a new position in shares of Shutterstock during the third quarter valued at about $122,000. Finally, Mason Street Advisors LLC increased its holdings in shares of Shutterstock by 3.9% during the third quarter. Mason Street Advisors LLC now owns 6,472 shares of the business services provider’s stock valued at $234,000 after acquiring an additional 242 shares in the last quarter. Hedge funds and other institutional investors own 58.84% of the company’s stock.

Shares of SSTK stock traded down $0.07 during mid-day trading on Monday, hitting $42.33. 99,555 shares of the stock traded hands, compared to its average volume of 215,124. The stock has a market cap of $1.49 billion, a P/E ratio of 40.54, a P/E/G ratio of 2.20 and a beta of 1.22. The stock’s fifty day moving average is $41.41 and its two-hundred day moving average is $38.14. Shutterstock has a 52-week low of $31.77 and a 52-week high of $50.09.

Shutterstock Company Profile

Shutterstock, Inc provides digital content, and tools and services in North America, Europe, and internationally. It offers digital imagery services that include licensed photographs, vectors, illustrations, and video clips, which is used in visual communications, such as Websites, digital and print marketing materials, corporate communications, books, publications, and video content; and music services comprising music tracks and sound effects that are used to complement digital imagery.

Further Reading: What is net income?

Get a free copy of the Zacks research report on Shutterstock (SSTK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Shutterstock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shutterstock and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

CWM Advisors LLC Decreases Stake in National-Oilwell Varco, Inc.
CWM Advisors LLC Decreases Stake in National-Oilwell Varco, Inc.
CWM Advisors LLC Sells 287 Shares of Watts Water Technologies Inc
CWM Advisors LLC Sells 287 Shares of Watts Water Technologies Inc
James Investment Research Inc. Purchases 1,095 Shares of iShares Russell 1000 Value ETF
James Investment Research Inc. Purchases 1,095 Shares of iShares Russell 1000 Value ETF
James Investment Research Inc. Purchases 46,666 Shares of iShares MSCI South Korea ETF
James Investment Research Inc. Purchases 46,666 Shares of iShares MSCI South Korea ETF
PNM Resources Inc  Shares Sold by James Investment Research Inc.
PNM Resources Inc Shares Sold by James Investment Research Inc.
James Investment Research Inc. Acquires 30,776 Shares of Radian Group Inc
James Investment Research Inc. Acquires 30,776 Shares of Radian Group Inc


© 2006-2020 Ticker Report