Shutterstock, Inc. (NYSE:SSTK) is reporting third quarter financial results on Tuesday 27th October 2020, before market open.
According to analysts surveyed by Thomson Reuters, SSTK is expected to report 3Q20 income of $ 0.29 per share from revenue of $ 160.82 million.
For the full year, analysts anticipate top line of $ 653.12 million, while looking forward to income of $ 1.52 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 665.00 million ~ $ 690.00 million, where as bottomline are predicted in a range of $ 1.42 ~ $ 1.58 per share
Click Here For More Historical Outlooks Of Shutterstock, Inc.
Previous Quarter Performance
Shutterstock, Inc. posted income for the second quarter of $ 0.62 per share, from the revenue of $ 159.23 million. The quarterly earnings raised 87.88 percent while revenues fell 1.55 percent compared with the same quarter last year.
Street analysts expected Shutterstock, Inc. to report income of $ 0.26 per share on revenue of $ 149.99 million for the second quarter. The bottom line results beat street analysts by $ 0.36 or 138.46 percent, at the same time, top line results outshined analysts by $ 9.24 million or 6.16 percent.
Stock Performance
Shares of Shutterstock, Inc. traded up $ 2.40 or 3.98 percent on Friday, reaching $ 62.72 with volume of 328.10 thousand shares. Shutterstock, Inc. has traded high as $ 62.87 and has cracked $ 61.62 on the downward trend
According to the previous trading day, closing price of $ 62.72, representing a 109.74 % increase from the 52 week low of $ 28.76 and a 4.06 % decrease over the 52 week high of $ 62.87.
The company has a market capital of $ 2.27 billion and is part of the Technology sector and Internet Content & Information industry.
Recent Analyst recommendations
- On 29th September 2020, initiated by Bank of America at Buy rating, with $ 63.00 target price.
Conference Call
Shutterstock, Inc. will be hosting a conference call at 8:30 AM eastern time on 27th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.shutterstock.com
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.
