Shutterstock (SSTK) Surges 9.3%: Is This an Indication of Further Gains?

Company Overview - Shutterstock (SSTK) shares increased by 9.3% to $20.83 in the last trading session, with a higher-than-average trading volume, contrasting with a 1% gain over the past four weeks [1] - The company is experiencing growth due to an expanding clientele and the acquisition of Envato, alongside strong demand for AI-generated content [2] Financial Performance - Shutterstock is expected to report quarterly earnings of $1.65 per share, reflecting a year-over-year increase of 65%, with revenues projected at $274.77 million, up 24.9% from the previous year [3] - The consensus EPS estimate for the quarter has remained unchanged over the last 30 days, indicating that stock price movements may not continue without trends in earnings estimate revisions [4] Industry Context - Shutterstock operates within the Zacks Internet - Content industry, where Genius Sports Limited (GENI) also resides, having closed 2.9% higher at $10.96, with a 5.7% return over the past month [4] - Genius Sports Limited's consensus EPS estimate has increased by 156.5% over the past month, indicating a significant change compared to the previous year's EPS [5]