Visual content marketplace Getty Images (NYSE:GETY) will be reporting earnings this Monday afternoon. Here's what investors should know.
Getty Images missed analysts' revenue expectations last quarter, reporting revenues of $226.6 million, up 1.1% year on year. It was a softer quarter for the company, with EPS in line with analysts' estimates.
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 be flat year on year, slowing from the 2.5% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will 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 media & entertainment segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Stride's revenues decreased 2.7% year on year, beating analysts' expectations by 1.4%, and People reported a revenue decline of 13.5%, topping estimates by 0.9%. Stride traded up 2.6% following the results while People was also up 10.4%.
Read our full analysis of Stride's results here and People's results here .
There has been positive sentiment among investors in the media & entertainment segment, with share prices up 7.9% on average over the last month. Getty Images is down 41.1% 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 $0.45).
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