SHUTTERSTOCK to Announce Fourth Quarter 2022 Earnings Results on February 9, 2023

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SHUTTERSTOCK ($NYSE:SSTK), a leading provider of digital content and royalty-free images, announced that it will report its fourth quarter 2022 earnings results on February 9, 2023. This news comes as the company continues to experience strong growth and build its brand. The company is headquartered in New York City and has offices in San Francisco, Los Angeles, London, Berlin, Paris, Tokyo, Sydney and Singapore. SHUTTERSTOCK has a wide portfolio of offerings, ranging from stock photos and videos to editorial images, music, vector art and more.

The company has seen a significant increase in its stock price over the past year, driven by strong revenue growth and a focus on expanding its customer base. Investors will be carefully watching the results to assess the company’s performance and outlook for the rest of the year. SHUTTERSTOCK’s earnings report will be closely scrutinized by investors, analysts and the media alike as they look for insight into the company’s future prospects.

Market Price

The media sentiment towards the announcement is mostly mixed, with some analysts predicting a positive result and others predicting a negative one. The stock opened at $61.2 on Tuesday morning and closed at $61.4, up 0.4% from last closing price of $61.1. This increase is indicative of investor confidence in the company ahead of the announcement. Analysts are also predicting that the announcement could have a significant impact on SHUTTERSTOCK’s stock price. If the announcement is positive, they expect that the stock will rise significantly due to investor optimism. If the announcement is negative, they expect that the stock could plunge as investors sell off their shares. The company has yet to provide any details on what their earnings report will look like.

However, it is clear that investors and analysts alike are eagerly awaiting for the announcement to come out. Until then, all eyes will be on SHUTTERSTOCK to see how the stock will react after the announcement is made. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Shutterstock. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Shutterstock. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Shutterstock. More…

Key Ratios Snapshot

Some of the financial key ratios for Shutterstock are shown below. More…

VI Analysis

Shutterstock is a medium risk investment according to the VI app, which provides a simple analysis of the company’s fundamentals. The app’s VI Risk Rating takes into consideration both financial and business aspects to assess the risk level. The app also provides additional insights, such as detecting any potential risks in the company’s income sheet, which can be viewed by registered users. The company’s liquidity, solvency, and profitability are also taken into account when assessing its risk level. Its ability to generate cash flows and pay its liabilities on time is factored into the evaluation. Its debt-to-equity ratio and return on equity are also considered, to determine its capacity to manage its capital efficiently and generate profits. Additionally, the company’s leverage and activity levels are examined, to evaluate its ability to make the most of its resources. Overall, the VI app provides a comprehensive overview of the company’s fundamentals and helps investors to assess their level of risk when investing in Shutterstock. While the app has detected one risk warning in the income sheet, registered users can view it and make an informed decision. More…

VI Peers

With over 225 million royalty-free images in its collection, Shutterstock adds hundreds of thousands of images each week, and serves over 1.5 million customers in 150 countries. Its competitors include Hypebeast Ltd, Visual China Group Co Ltd, Yangaroo Inc.

– Hypebeast Ltd ($SEHK:00150)

Hypebeast Ltd is a global retailer specializing in streetwear and contemporary fashion. As of 2022, the company has a market capitalization of 1.01 billion and a return on equity of 20.07%. Hypebeast was founded in 2005 as a blog covering the latest in streetwear and sneakers. Today, the company operates a successful e-commerce platform and brick-and-mortar stores across the world. In addition to selling its own line of apparel and accessories, Hypebeast curates and sells products from some of the most coveted brands in the fashion industry.

– Visual China Group Co Ltd ($SZSE:000681)

Founded in 2000, Visual China Group is the largest visual content provider in China with over 150 million images and illustrations. The company offers a comprehensive suite of visual content products and services, including royalty-free images, editorial images, video, and illustration. It also provides visual content licensing, production, and distribution services to businesses and media organizations. As of 2022, Visual China Group has a market cap of 7.61B and a return on equity of 1.87%. The company’s products and services are used by businesses and media organizations worldwide.

– Yangaroo Inc ($TSXV:YOO)

Kangaroo is a provider of secure digital workspaces. The company has a market cap of 3.11M and a return on equity of 21.73%. Kangaroo’s digital workspace solutions enable organizations to securely access, manage, and share data and applications from any device, anywhere.

Summary

Investing in SHUTTERSTOCK could be a profitable venture for investors in the long-term. The company has announced their fourth quarter 2022 earnings results to be on February 9, 2023, and so far the market sentiment is mostly mixed. Investors should consider SHUTTERSTOCK’s financial performance, debt levels, and other financial metrics such as ROI, dividend yields, and P/E ratios.

Additionally, they should research the company’s competitive advantages, customer base, and potential future opportunities or risks. It is important to keep in mind that investing in any company comes with inherent risks, so investors should carefully consider their own risk tolerance before making any decisions.