Shutterstock Inc (NYSE: SSTK) has reported E.P.S. of $0.10 for its second fiscal quarter (ending June 30) versus $1.39 for the same period a year ago — a decline of -93%. Relative to the consensus estimate of $1.00, this was a shortfall of $-0.90. E.P.S. were $1.31 for the latest four quarters through June 30 versus $3.15 for the same period a year ago — a decline of -58%.
Recent Price Action
On 8/6/24, Shutterstock Inc (NYSE: SSTK) stock declined by -3.3%, closing at $36.73. Moreover, exceptionally high trading volume at 267% of normal accompanied the decline. Relative to the market the stock has been weak over the last nine months and has declined -14.2% during the last week.
Current PriceTarget Research Rating
SSTK’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Shutterstock has a current Value Trend Rating of D (Negative). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Shutterstock has a neutral Appreciation Score of 55 and a slightly negative Power Rating of 30, triggering the Negative Value Trend Rating.
Rating Review
In light of this discouraging new earnings information and negative market action we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.
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