Visual content marketplace Getty Images (NYSE: GETY) will be reporting earnings this Monday after the bell. Here’s what to expect.
Getty Images beat analysts’ revenue expectations last quarter, reporting revenues of $282.3 million, up 14.1% year on year. It was a slower quarter for the company, with EPS in line with analysts’ estimates and full-year revenue guidance slightly missing 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, the market is expecting Getty Images’s revenue to grow 7.4% year on year, improving from its flat revenue in the same quarter last year.
The majority of analysts covering the company have 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 multiple times over the last two years.
Looking at Getty Images’s peers in the digital media & content platforms segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Stride delivered year-on-year revenue growth of 2.7%, meeting analysts’ expectations, and Ziff Davis reported a revenue decline of 18.6%, falling short of estimates by 6.9%. Stride traded up 2.8% following the results while Ziff Davis was down 5.3%.
Read our full analysis of Stride’s results here and Ziff Davis’s results here.
There has been positive sentiment among investors in the digital media & content platforms segment, with share prices up 10.9% on average over the last month. Getty Images is up 2% during the same time and is heading into earnings with an average analyst price target of $3.93 (compared to the current share price of $0.84).
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