Visual content marketplace Getty Images (NYSE: GETY) will be reporting results this Monday after market close. Here’s what to look for.
Getty Images met analysts’ revenue expectations last quarter, reporting revenues of $234.9 million, up 2.5% year on year. It was a strong quarter for the company, with a beat of analysts’ EPS estimates and full-year revenue guidance meeting analysts’ expectations.
Is Getty Images a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Getty Images’s revenue to be flat year on year at $240 million, slowing from the 4.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.04 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Getty Images has missed Wall Street’s revenue estimates four times over the last two years.
Looking at Getty Images’s peers in the digital media & content platforms segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Ziff Davis delivered year-on-year revenue growth of 2.9%, missing analysts’ expectations by 0.5%, and Stride reported revenues up 12.7%, topping estimates by 0.7%. Ziff Davis’s stock price was unchanged after the resultswhile Stride was down 54.3%.
Read our full analysis of Ziff Davis’s results here and Stride’s results here.
Investors in the digital media & content platforms segment have had steady hands going into earnings, with share prices flat over the last month. Getty Images is down 16.7% during the same time and is heading into earnings with an average analyst price target of $4.43 (compared to the current share price of $1.74).
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