Shutterstock Revised FY24 Revenue Outlook To $927M-$936M (From $923M-$936M) Vs $923.03M Est, Maintained Adj EPS At $4.18-$4.32 Vs $4.40 Est.
Portfolio Pulse from Benzinga Newsdesk
Shutterstock has revised its FY24 revenue outlook to $927M-$936M, up from the previous range of $923M-$936M, and maintained its adjusted EPS at $4.18-$4.32, which is below the $4.40 estimate.
August 06, 2024 | 11:12 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Shutterstock revised its FY24 revenue outlook slightly upwards to $927M-$936M but maintained its adjusted EPS at $4.18-$4.32, which is below the market estimate of $4.40.
The slight upward revision in revenue outlook is a positive sign, but maintaining the adjusted EPS below market estimates could neutralize the impact. Investors may see this as a mixed signal.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100