Shutterstock Future Growth

Future criteria checks 4/6

Shutterstock is forecast to grow earnings and revenue by 48.1% and 9.4% per annum respectively. EPS is expected to grow by 24.3% per annum. Return on equity is forecast to be 19.6% in 3 years.

Key information

48.1%

Earnings growth rate

24.3%

EPS growth rate

Interactive Media and Services earnings growth	11.6%
Revenue growth rate	9.4%
Future return on equity	19.6%
Analyst coverage	Low
Last updated	13 Jan 2025

Recent future growth updates

Shutterstock, Inc. Just Missed EPS By 79%: Here's What Analysts Think Will Happen Next

Aug 09

Recent updates

Shutterstock, Inc. Just Missed EPS By 79%: Here's What Analysts Think Will Happen Next

Aug 09

Is Shutterstock (NYSE:SSTK) Using Too Much Debt?

Jun 23

Shutterstock: Opportunities And Headwinds For This Digital Content Player

Jun 04

Shutterstock (NYSE:SSTK) Will Pay A Dividend Of $0.30

Apr 29

An Intrinsic Calculation For Shutterstock, Inc. (NYSE:SSTK) Suggests It's 49% Undervalued

Apr 25

Why Investors Shouldn't Be Surprised By Shutterstock, Inc.'s (NYSE:SSTK) Low P/E

Apr 09

Shutterstock: Stock Is Stuck Amidst The AI Debate

Apr 05

Investors Will Want Shutterstock's (NYSE:SSTK) Growth In ROCE To Persist

Mar 25

Shutterstock (NYSE:SSTK) Is Increasing Its Dividend To $0.30

Feb 21

Shutterstock's (NYSE:SSTK) Shareholders Will Receive A Bigger Dividend Than Last Year

Feb 06

Shutterstock: A Company In Transition

Jan 17

Why Investors Shouldn't Be Surprised By Shutterstock, Inc.'s (NYSE:SSTK) Low P/E

Jan 04

Shutterstock: Margin Of Safety But AI Implications Still Unclear

Dec 27

We Think Shutterstock (NYSE:SSTK) Might Have The DNA Of A Multi-Bagger

Dec 18

We Think Shutterstock (NYSE:SSTK) Can Manage Its Debt With Ease

Dec 01

Is There Now An Opportunity In Shutterstock, Inc. (NYSE:SSTK)?

Nov 13

Shutterstock: Evaluating Its Valuation Amidst Fierce Competition

Oct 16

Investors Should Be Encouraged By Shutterstock's (NYSE:SSTK) Returns On Capital

Sep 08

Shutterstock's Earnings Show Its Value As A Maturing Company

Sep 06

Shutterstock: AI-Enabled Products Will Reignite Growth

Aug 25

Earnings and Revenue Growth Forecasts

NYSE:SSTK - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	1,102	116	328	270	3
12/31/2025	1,056	90	233	232	5
12/31/2024	939	51	10	-20	5
9/30/2024	902	36	7	59	N/A
6/30/2024	885	47	27	80	N/A
3/31/2024	874	94	27	82	N/A
12/31/2023	875	110	85	141	N/A
9/30/2023	875	118	106	168	N/A
6/30/2023	846	113	132	195	N/A
3/31/2023	844	82	136	203	N/A
12/31/2022	828	76	95	158	N/A
9/30/2022	816	86	98	152	N/A
6/30/2022	806	79	91	169	N/A
3/31/2022	789	89	131	203	N/A
12/31/2021	773	92	148	216	N/A
9/30/2021	749	101	158	227	N/A
6/30/2021	719	107	202	236	N/A
3/31/2021	689	97	163	194	N/A
12/31/2020	667	72	135	165	N/A
9/30/2020	652	50	95	126	N/A
6/30/2020	646	33	62	92	N/A
3/31/2020	648	17	60	90	N/A
12/31/2019	651	20	73	103	N/A
9/30/2019	646	31	83	111	N/A
6/30/2019	639	33	81	111	N/A
3/31/2019	634	30	70	101	N/A
12/31/2018	623	55	63	102	N/A
9/30/2018	613	42	55	105	N/A
6/30/2018	602	39	N/A	106	N/A
3/31/2018	580	43	N/A	112	N/A
12/31/2017	557	17	N/A	108	N/A
9/30/2017	535	25	N/A	96	N/A
6/30/2017	517	29	N/A	101	N/A
3/31/2017	508	33	N/A	96	N/A
12/31/2016	494	33	N/A	101	N/A
9/30/2016	480	30	N/A	102	N/A
6/30/2016	464	24	N/A	85	N/A
3/31/2016	444	22	N/A	85	N/A
12/31/2015	425	20	N/A	87	N/A
9/30/2015	400	20	N/A	83	N/A
6/30/2015	377	21	N/A	86	N/A
3/31/2015	353	20	N/A	89	N/A
12/31/2014	328	22	N/A	83	N/A
9/30/2014	305	23	N/A	83	N/A
6/30/2014	281	24	N/A	75	N/A
3/31/2014	257	26	N/A	58	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SSTK's forecast earnings growth (48.1% per year) is above the savings rate (2.6%).

Earnings vs Market: SSTK's earnings (48.1% per year) are forecast to grow faster than the US market (14.8% per year).

High Growth Earnings: SSTK's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: SSTK's revenue (9.4% per year) is forecast to grow faster than the US market (8.8% per year).

High Growth Revenue: SSTK's revenue (9.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: SSTK's Return on Equity is forecast to be low in 3 years time (19.6%).

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/02/06 23:14
End of Day Share Price	2025/02/06 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Shutterstock, Inc. is covered by 20 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Nathaniel Schindler	BofA Global Research
Curtis Nagle	BofA Global Research
Youssef Squali	Cantor Fitzgerald & Co.

Shutterstock Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

Price target decreased by 9.0% to US$46.62

Consensus EPS estimates fall by 20%

Shutterstock, Inc. Updates Earnings Guidance for the Year 2024

Consensus EPS estimates fall by 16%, revenue upgraded

Shutterstock, Inc. Just Missed EPS By 79%: Here's What Analysts Think Will Happen Next

Shutterstock, Inc. Updates Earnings Guidance for the Year 2024

Recent updates

Third quarter dividend increased to US$0.33

Shutterstock, Inc. Declares Cash Dividend, Payable on March 20, 2025

Shutterstock, Inc. to Report Q4, 2024 Results on Feb 25, 2025

Price target decreased by 9.0% to US$46.62

Getty Images Holdings, Inc. (NYSE:GETY) entered into an agreement to acquire Shutterstock, Inc. (NYSE:SSTK) for $1.2 billion in a merger of equals transaction.

Getty Images Holdings, Inc. (NYSE:GETY) entered into an agreement to acquire Shutterstock, Inc. (NYSE:SSTK) for $1.3 billion in a merger of equals transaction.

Shutterstock's (NYSE:SSTK) Returns On Capital Are Heading Higher

Is It Too Late To Consider Buying Shutterstock, Inc. (NYSE:SSTK)?

Shutterstock: AI Concerns Outweigh The Potential

Upcoming dividend of US$0.30 per share

Consensus EPS estimates fall by 20%

New major risk - Dividend sustainability

We Think Shutterstock (NYSE:SSTK) Can Stay On Top Of Its Debt

Shutterstock, Inc. Updates Earnings Guidance for the Year 2024

Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Second quarter dividend of US$0.30 announced

Shutterstock, Inc. Declares Cash Dividend, Payable on December 13, 2024

Shutterstock, Inc. to Report Q3, 2024 Results on Oct 29, 2024

Shutterstock, Inc.'s (NYSE:SSTK) Share Price Matching Investor Opinion

Shutterstock, Inc. Announces Executive Changes

Independent Director notifies of intention to sell stock

Shutterstock: Undervalued, But Momentum Warrants Temperance

Consensus EPS estimates fall by 16%, revenue upgraded

Shutterstock, Inc. Just Missed EPS By 79%: Here's What Analysts Think Will Happen Next

Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Investor sentiment deteriorates as stock falls 16%

Shutterstock, Inc. Updates Earnings Guidance for the Year 2024

Shutterstock, Inc. Launches First Ethical Generative 3D API

First quarter dividend of US$0.30 announced

Shutterstock, Inc. to Report Q2, 2024 Results on Aug 06, 2024

Investor sentiment improves as stock rises 15%

Shutterstock, Inc. Appoints Jaime Teevan to Its Board of Directors

CEO & Director exercised options and sold US$1.6m worth of stock

Is Shutterstock (NYSE:SSTK) Using Too Much Debt?

Shutterstock: Opportunities And Headwinds For This Digital Content Player

CEO & Director recently bought US$480k worth of stock

Upcoming dividend of US$0.30 per share

Shutterstock, Inc. (NYSE:SSTK) entered into a definitive agreement to acquire Envato Pty. Ltd. for approximately $250 million.

First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Shutterstock, Inc. Increases Earnings Guidance for 2024

Shutterstock (NYSE:SSTK) Will Pay A Dividend Of $0.30

Shutterstock, Inc., Annual General Meeting, Jun 06, 2024

Fourth quarter dividend of US$0.30 announced

An Intrinsic Calculation For Shutterstock, Inc. (NYSE:SSTK) Suggests It's 49% Undervalued

Shutterstock, Inc. to Report Q1, 2024 Results on May 02, 2024

Why Investors Shouldn't Be Surprised By Shutterstock, Inc.'s (NYSE:SSTK) Low P/E

Founder & Executive Chairman exercised options and sold US$917k worth of stock

Shutterstock: Stock Is Stuck Amidst The AI Debate

Investors Will Want Shutterstock's (NYSE:SSTK) Growth In ROCE To Persist

Founder & Executive Chairman notifies of intention to sell stock

New minor risk - Earnings quality

Full year 2023 earnings: EPS misses analyst expectations

Shutterstock, Inc. Provides Earnings Guidance for the Full Year 2024

Shutterstock (NYSE:SSTK) Is Increasing Its Dividend To $0.30

Upcoming dividend of US$0.30 per share

Chief Product & Digital Officer exercised options and sold US$299k worth of stock

Shutterstock's (NYSE:SSTK) Shareholders Will Receive A Bigger Dividend Than Last Year

Shutterstock, Inc. to Report Q4, 2023 Results on Feb 21, 2024

Shutterstock, Inc. (NYSE:SSTK) acquired AKM-GSI Media.

Third quarter dividend increased to US$0.30

Shutterstock, Inc. Declares Cash Dividend, Payable on March 14, 2024

Shutterstock: A Company In Transition

Why Investors Shouldn't Be Surprised By Shutterstock, Inc.'s (NYSE:SSTK) Low P/E

Insufficient new directors

Shutterstock: Margin Of Safety But AI Implications Still Unclear

We Think Shutterstock (NYSE:SSTK) Might Have The DNA Of A Multi-Bagger

Founder & Executive Chairman notifies of intention to sell stock

We Think Shutterstock (NYSE:SSTK) Can Manage Its Debt With Ease

Upcoming dividend of US$0.27 per share at 2.4% yield