Shutterfly Earnings: Here’s Why Investors are Happy Now

Shutterfly, Inc. (NASDAQ:SFLY) had a loss and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 2.47%.

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Shutterfly, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased to $-0.33 in the quarter versus EPS of $-0.29 in the year-earlier quarter.

Revenue: Rose 27.83% to $116.7 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Shutterfly, Inc. reported adjusted EPS loss of $0.33 per share. By that measure, the company beat the mean analyst estimate of $-0.40. It beat the average revenue estimate of $109.74 million.

Quoting Management: “The first quarter was a solid start to the year, with strong execution across our businesses,” said Jeffrey Housenbold, President and CEO. “Capitalizing on our scale, scope and profitability, we continued to enhance our world-class platform across our four lifestyle brands and invest in early stage customer facing initiatives including Wedding, Enterprise, Treat, Mobile and our new Enhanced Cloud Service. Our acquisition of MyPublisher will enable Shutterfly to engage with new audiences, further extending our footprint in the multi-billion dollar social expression and personal publishing markets.”

Key Stats (on next page)…

Revenue decreased 66.83% from $351.78 million in the previous quarter. EPS decreased to $-0.33 in the quarter versus EPS of $1.40 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a loss of $0.30 to a loss $0.35. For the current year, the average estimate has moved up from a profit of $0.48 to a profit of $0.49 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)