Shutterstock Earnings: Here’s Why Investors Like These Results

Shutterstock (NYSE:SSTK) delivered a profit 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 1%.

Shutterstock Earnings Cheat Sheet

Revenue: Rose 39.8% to $56.8 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Shutterstock reported adjusted EPS income of $0.23 per share. By that measure, the company beat the mean analyst estimate of $0.19. It beat the average revenue estimate of $54.69 million.

Quoting Management: “We delivered strong results in the second quarter, with 40% revenue growth driven by both new customer additions and expanding usage,” said Founder and CEO Jon Oringer. “We also made good progress solidifying our global footprint, adding both Thai and Korean to our 18 existing language offerings.”

Key Stats (on next page)…

Revenue increased 11.11% from $51.12 million in the previous quarter. EPS increased 27.78% from $0.18 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.19 and has not changed. For the current year, the average estimate has moved up from a profit of $0.76 to a profit of $0.77 over the last ninety days.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.

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