For its third fiscal quarter (ending September 30), Shutterstock Inc (NYSE: SSTK) has reported a -37% decline in E.P.S. from $0.79 a year ago to $0.50 in the current quarter. For the latest four quarters through September 30, E.P.S. were $1.02 versus $3.30 for the same period a year ago — a decline of -69%.
Recent Price Action
Shutterstock Inc (NYSE: SSTK) stock closed at $32.87 on 10/29/24 after a major increase of 11.3%. Moreover, trading volume in this advance was exceptionally high at 324% of normal. Relative to the market the stock has been extremely weak over the last nine months but has risen 11.4% 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 C (Low Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Shutterstock has a good Appreciation Score of 79 but a poor Power Rating of 16, with the Low Neutral Value Trend Rating the result.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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