Shutterfly (SFLY) Issues Q4 Earnings Guidance
Shutterfly (SFLY) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.94-1.02 for the period.
A number of research firms have also recently commented on SFLY. Analysts at Canaccord Genuity upgraded shares of Shutterfly from a hold rating to a buy rating in a research note to investors on Wednesday, October 10th. On a related note, analysts at Cantor Fitzgerald upgraded shares of Shutterfly from a hold rating to a buy rating in a research note to investors on Wednesday, October 10th. They now have a $33.00 price target on the stock. Finally, analysts at Zacks upgraded shares of Shutterfly from a neutral rating to an outperform rating in a research note to investors on Tuesday, October 2nd. They now have a $36.00 price target on the stock.
Shares of Shutterfly (SFLY) traded up 4.13% during mid-day trading on Thursday, hitting $31.51. Shutterfly (SFLY) has a one year low of $21.34 and a one year high of $47.50. The company has a market cap of $1.134 billion and a P/E ratio of 192.74.
Shutterfly last issued its quarterly earnings data on Thursday, November 1st. The company reported ($0.29) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.40) by $0.11. Shutterfly’s revenue was up 28.8% compared to the same quarter last year. Analysts expect that Shutterfly (SFLY) will post $0.21 EPS for the current fiscal year.
Shutterfly, Inc. is an Internet-based social expression and personal publishing service that enables consumers to share, print and preserve their memories, through its technology, manufacturing, Web-design and merchandising capabilities.
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