Shutterstock Intrinsic Value Calculator – Shutterstock Q4 2023 Earnings Beat Expectations with Non-GAAP EPS of $1.05

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Shutterstock Intrinsic Value Calculator – Shutterstock ($NYSE:SSTK), a leading technology company offering stock photography, editorial images, and music, recently reported their Q4 2023 earnings results. The company’s Non-GAAP earnings per share (EPS) of $1.05 exceeded expectations by $0.09. This was a significant boost to shareholders of the company as it highlighted the company’s ability to stay competitive in a rapidly changing environment. Through the years, Shutterstock has continued to expand its offerings to meet the ever-evolving needs of customers worldwide. The recent Q4 results highlight the company’s commitment to staying ahead of the curve in terms of technological advancements, customer service, and innovation.

In addition to the impressive Q4 Non-GAAP EPS of $1.05, Shutterstock also reported increased revenue from its subscription services, which rose by 2% year-over-year. This was driven by continued customer demand for Shutterstock’s content and products, as well as an increase in customer engagement. The impressive Q4 2023 earnings results demonstrate Shutterstock’s ability to remain resilient in a rapidly changing digital environment. The company’s focus on customer service and its commitment to providing innovative solutions have enabled it to remain competitive in an increasingly challenging market. With its strong financial performance and its commitment to staying ahead of the competition, Shutterstock is poised to continue its success in the future.

Price History

As a result, the stock opened at $76.1 and closed at $75.6, up 4.6% from its last closing price of $72.2. Overall, the earnings report has been well-received by the market, with many investors commenting on the impressive growth in Shutterstock‘s revenue and earnings. The strong financial performance was also attributed to the company’s focus on innovation and product development. It has been successful in launching new services such as its API and Shutterstock Showcase, as well as introducing new features to its existing products such as its royalty-free collections.

These initiatives are helping the company to further expand its customer base and grow its business. This is likely to further propel the stock price higher in the coming days and quarters. 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…

Analysis – Shutterstock Intrinsic Value Calculator

GoodWhale’s analysis of SHUTTERSTOCK reveals a stock that is currently undervalued. Our proprietary Valuation Line puts the fair value of SHUTTERSTOCK shares at around $80.5, yet the stock is currently trading at $75.6. This implies a 6.1% discount for investors who purchase at current market prices. The fundamentals of SHUTTERSTOCK are strong, with healthy cash reserves and a solid balance sheet, and the company has demonstrated a commitment to innovation and growth. As such, it is likely that the stock price will continue to appreciate over the long term, making SHUTTERSTOCK an attractive option for those seeking to add value to their portfolios. With prudent management and the right investments, SHUTTERSTOCK’s future looks bright and investors should benefit from their investment in the years ahead. More…

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

Shutterstock (SHUT) posted impressive Q4 2023 earnings that beat analyst expectations with a non-GAAP EPS of $1.05. This positive news led to an increase in the stock price on the same day, indicating investor confidence in the company’s performance. Analysts have noted that Shutterstock is well-positioned to continue to grow and maintain its strong market presence due to its robust portfolio of digital images, videos, and music.

Additionally, Shutterstock’s focus on customer satisfaction and innovation has kept them ahead of the competition. All in all, investors should consider SHUT as a solid long-term investment.