Shutterstock (SSTK) Q3 Earnings and Revenues Top Estimates

Core Viewpoint - Shutterstock reported quarterly earnings of $1.31 per share, exceeding the Zacks Consensus Estimate of$ 1.06 per share, and showing an increase from $1.26 per share a year ago, representing an earnings surprise of 23.58% [1][2] Financial Performance - The company posted revenues of$ 250.59 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 3.29%, compared to $233.25 million in the same quarter last year [2] - Over the last four quarters, Shutterstock has exceeded consensus EPS estimates three times and topped revenue estimates three times as well [2] Stock Performance - Shutterstock shares have declined approximately 38.8% since the beginning of the year, contrasting with the S&P 500's gain of 22.1% [3] - The current Zacks Rank for Shutterstock is 3 (Hold), indicating that shares are expected to perform in line with the market in the near future [6] Earnings Outlook - The consensus EPS estimate for the upcoming quarter is$ 1.15 on revenues of $255.42 million, and for the current fiscal year, it is$ 4.19 on revenues of $932.39 million [7] - The trend of estimate revisions for Shutterstock is currently mixed, which may change following the recent earnings report [6] Industry Context - The Internet - Content industry, to which Shutterstock belongs, is currently ranked in the top 10% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]