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Interpreting Shutterstock (SSTK) International Revenue Trends
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Did you analyze how Shutterstock (SSTK - Free Report) fared in its international operations for the quarter ending June 2024? Given the widespread global presence of this online marketplace for royalty-free images and videos, scrutinizing the trends in international revenues becomes imperative to assess its financial strength and future growth possibilities.
The global economy today is deeply interlinked, making a company's engagement with international markets a critical factor in determining its financial success and growth path. It has become essential for investors to comprehend how much a company relies on these foreign markets, as this understanding reveals the firm's potential for consistent earnings, its capacity to harness different economic cycles, and its overall growth prospects.
Participation in global economies acts as a defense against economic difficulties at home and a pathway to more rapidly developing economies. However, it also comes with the complexities of dealing with fluctuating currencies, geopolitical risks and different market dynamics.
Our review of SSTK's last quarterly performance uncovered some notable trends in the revenue contributions from its international markets, which are commonly analyzed and tracked by Wall Street experts.
The company's total revenue for the quarter stood at $220.05 million, increasing 5.4% year over year. Now, let's delve into SSTK's international revenue breakdown to gain insights into the significance of its operations beyond home turf.
A Closer Look at SSTK's Revenue Streams Abroad
During the quarter, Europe contributed $53.37 million in revenue, making up 24.3% of the total revenue. When compared to the consensus estimate of $56.61 million, this meant a surprise of -5.72%. Looking back, Europe contributed $55.4 million, or 25.9%, in the previous quarter, and $58.41 million, or 28%, in the same quarter of the previous year.
Rest of the world generated $46.56 million in revenues for the company in the last quarter, constituting 21.2% of the total. This represented a surprise of -10.77% compared to the $52.18 million projected by Wall Street analysts. Comparatively, in the previous quarter, Rest of the world accounted for $48.49 million (22.6%), and in the year-ago quarter, it contributed $54.23 million (26%) to the total revenue.
Projected Revenues in Foreign Markets
Wall Street analysts expect Shutterstock to report a total revenue of $232.66 million in the current fiscal quarter, which suggests a decline of 0.3% from the prior-year quarter. Revenue shares from Europe and Rest of the world are predicted to be 23.2% and 21.4%, corresponding to amounts of $54.01 million and $49.84 million, respectively.
For the full year, the company is projected to achieve a total revenue of $932.39 million, which signifies a rise of 6.6% from the last year. The share of this revenue from various regions is expected to be: Europe at 25.6% ($238.58 million) and Rest of the world at 23% ($214.13 million).
Key Takeaways
Shutterstock's leaning on foreign markets for its revenue stream presents a mix of chances and challenges. Therefore, a vigilant watch on its international revenue movements can greatly aid in projecting the company's future direction.
With the increasing intricacies of global interdependence and geopolitical strife, Wall Street analysts meticulously observe these patterns, especially for companies with an international footprint, to tweak their forecasts of earnings. Importantly, several additional factors, such as a company's domestic market status, also impact these earnings forecasts.
Emphasizing a company's shifting earnings prospects is a key aspect of our approach at Zacks, especially since research has proven its substantial influence on a stock's price in the short run. This correlation is positively aligned, meaning that improved earnings projections tend to boost the stock's price.
With an impressive externally audited track record, our proprietary stock rating tool - the Zacks Rank - harnesses the power of earnings estimate revisions and serves as an effective indicator of a stock's near-term price performance.
Image: Bigstock
Interpreting Shutterstock (SSTK) International Revenue Trends
Did you analyze how Shutterstock (SSTK - Free Report) fared in its international operations for the quarter ending June 2024? Given the widespread global presence of this online marketplace for royalty-free images and videos, scrutinizing the trends in international revenues becomes imperative to assess its financial strength and future growth possibilities.
The global economy today is deeply interlinked, making a company's engagement with international markets a critical factor in determining its financial success and growth path. It has become essential for investors to comprehend how much a company relies on these foreign markets, as this understanding reveals the firm's potential for consistent earnings, its capacity to harness different economic cycles, and its overall growth prospects.
Participation in global economies acts as a defense against economic difficulties at home and a pathway to more rapidly developing economies. However, it also comes with the complexities of dealing with fluctuating currencies, geopolitical risks and different market dynamics.
Our review of SSTK's last quarterly performance uncovered some notable trends in the revenue contributions from its international markets, which are commonly analyzed and tracked by Wall Street experts.
The company's total revenue for the quarter stood at $220.05 million, increasing 5.4% year over year. Now, let's delve into SSTK's international revenue breakdown to gain insights into the significance of its operations beyond home turf.
A Closer Look at SSTK's Revenue Streams Abroad
During the quarter, Europe contributed $53.37 million in revenue, making up 24.3% of the total revenue. When compared to the consensus estimate of $56.61 million, this meant a surprise of -5.72%. Looking back, Europe contributed $55.4 million, or 25.9%, in the previous quarter, and $58.41 million, or 28%, in the same quarter of the previous year.
Rest of the world generated $46.56 million in revenues for the company in the last quarter, constituting 21.2% of the total. This represented a surprise of -10.77% compared to the $52.18 million projected by Wall Street analysts. Comparatively, in the previous quarter, Rest of the world accounted for $48.49 million (22.6%), and in the year-ago quarter, it contributed $54.23 million (26%) to the total revenue.
Projected Revenues in Foreign Markets
Wall Street analysts expect Shutterstock to report a total revenue of $232.66 million in the current fiscal quarter, which suggests a decline of 0.3% from the prior-year quarter. Revenue shares from Europe and Rest of the world are predicted to be 23.2% and 21.4%, corresponding to amounts of $54.01 million and $49.84 million, respectively.For the full year, the company is projected to achieve a total revenue of $932.39 million, which signifies a rise of 6.6% from the last year. The share of this revenue from various regions is expected to be: Europe at 25.6% ($238.58 million) and Rest of the world at 23% ($214.13 million).
Key Takeaways
Shutterstock's leaning on foreign markets for its revenue stream presents a mix of chances and challenges. Therefore, a vigilant watch on its international revenue movements can greatly aid in projecting the company's future direction.With the increasing intricacies of global interdependence and geopolitical strife, Wall Street analysts meticulously observe these patterns, especially for companies with an international footprint, to tweak their forecasts of earnings. Importantly, several additional factors, such as a company's domestic market status, also impact these earnings forecasts.
Emphasizing a company's shifting earnings prospects is a key aspect of our approach at Zacks, especially since research has proven its substantial influence on a stock's price in the short run. This correlation is positively aligned, meaning that improved earnings projections tend to boost the stock's price.
With an impressive externally audited track record, our proprietary stock rating tool - the Zacks Rank - harnesses the power of earnings estimate revisions and serves as an effective indicator of a stock's near-term price performance.
At present, Shutterstock holds a Zacks Rank #3 (Hold). This ranking implies that its near-term performance might mirror the overall market movement. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Reviewing Shutterstock's Recent Stock Price Trends