May 28, 2022

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Analyst-Backed Media Big Could Be Eyeing An additional Earnings Defeat

2 min read

SSTK is up 160% about the past year

Shutterstock, Inc. (NYSE:SSTK) is a global service provider of inventory pictures, footage, audio, and modifying applications. SSTK operates a resourceful platform that features equipment for makes, corporations, and media providers. Shutterstock maintains a library of over 370 million royalty-cost-free inventory pics, vector graphics, and illustrations, with over 21 million video clip clips and tunes tracks out there for licensing. They have places of work all around the earth and prospects in much more than 150 international locations. At past verify, SSTK was trading up 19% at $107.69.

Shutterstock stock has improved by about 160% year-in excess of-year, and has much more than doubled from its July 2020 base of $41.96. Also, shares of SSTK have grown by 52% 12 months-to-date and just this early morning hit a refreshing record high of $108.96. Shutterstock stock also has a forward dividend of $.84 and a dividend yield of .81%.

Past month Shutterstock announced that the management workforce will be reporting its second-quarter earnings before the open up on Tuesday, July 27. SSTK has remarkably outperformed earnings expectations on all four of its most lately released studies. At this time, analysts are anticipating a major fall in earnings per share (EPS) noted for Q2 compared to Q1.

For Q2 of 2020, Shutterstock defeat analysts’ estimates by a margin of $.36 and documented an EPS of $.62. For Q3 of 2020, SSTK’s EPS greater to $.80, beating expectations by a wide margin of $.51. For Q4 of 2020, Shutterstock posted a different raise in earnings, rising to $.93 for each share and outperforming estimates by a margin of $.33. For the first quarter of 2021, Shutterstock claimed an EPS of $.98 and beat anticipations by a margin of $.28.

Also, Shutterstock is not a fast rising company inspite of SSTK’s bullish movement more than the earlier calendar year. Nevertheless, the media enterprise has taken care of steady annual income progress above the earlier several a long time. Shutterstock inventory at this time trades at an inflated rate-earnings ratio of 40.03. General, SSTK is appears to be extra of a providing option than it is a buying option, primarily after just reaching a new 52-week large.

Really worth noting, heading into present day trading, all 5 masking analysts boasted a “buy” or “strong invest in” advice. In other text, there continues to be loads of place for bear notes, really should this optimism commence to unwind.

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