Stock photography and footage provider Shutterstock (NYSE:SSTK) will be reporting earnings tomorrow before market hours. Here's what you need to know.

Shutterstock missed analysts' revenue expectations by 3% last quarter, reporting revenues of $217.2 million, flat year on year. It was a weak quarter for the company, with full-year revenue guidance missing analysts' expectations and a decline in its users. It reported 523,000 users, down 10.8% year on year.

Is Shutterstock a buy or sell going into earnings? Read our full analysis here, it's free.

This quarter, analysts are expecting Shutterstock's revenue to decline 3.1% year on year to $208.5 million, a reversal from the 8.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.99 per share.

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. Shutterstock has missed Wall Street's revenue estimates five times over the last two years.

Looking at Shutterstock's peers in the consumer internet segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Teladoc delivered year-on-year revenue growth of 2.7%, beating analysts' expectations by 1.4%, and Snap reported revenues up 20.9%, topping estimates by 6.6%. Teladoc traded down 2.4% following the results while Snap was up 27.5%.

Read our full analysis of Teladoc's results here and Snap's results here.

Inflation progressed towards the Fed's 2% goal at the end of 2023, leading to strong stock market performance. The start of 2024 has been a bumpier ride as the market switches between optimism and pessimism around rate cuts thanks to mixed inflation data, and while some of the consumer internet stocks have fared somewhat better, they have not been spared, with share prices down 4.4% on average over the last month. Shutterstock is down 2.3% during the same time and is heading into earnings with an average analyst price target of $57.8 (compared to the current share price of $42.71).

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