Shutterstock (SSTK) Q1 Earnings and Revenues Miss Estimates

Core Viewpoint - Shutterstock reported quarterly earnings of $1.03 per share, missing the Zacks Consensus Estimate of $1.26 per share, and down from $1.13 per share a year ago [1][2] Financial Performance - The earnings surprise was -18.25%, and the company had a previous quarter surprise of -27.17% with actual earnings of $0.67 per share against an expectation of $0.92 [2] - Revenues for the quarter were $242.62 million, missing the Zacks Consensus Estimate by 8%, compared to $214.32 million in the same quarter last year [3] - Over the last four quarters, the company has surpassed consensus revenue estimates twice [3] Stock Performance - Shutterstock shares have declined approximately 45.9% since the beginning of the year, while the S&P 500 has decreased by 4.7% [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [7] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $1.65 on revenues of $274.77 million, and for the current fiscal year, it is $5.39 on revenues of $1.07 billion [8] - The outlook for the industry, specifically the Internet - Content sector, is in the bottom 31% of over 250 Zacks industries, which may impact stock performance [9]