SFLY
$44.11
Shutterfly
($.56)
(1.25%)

Earnings History

Earnings
Revenue
Reaction
Drift
EPS Below Estimates
Q 12/2011
10/26/2011
4:02:01 PM
$0.98 to $1.03
$1.04
$273.3 mill
-8.7%
-7.7%
Guidance:
Consensus:
Shutterfly Sees Earnings Below Estimates

Shutterfly Inc said it expects fourth quarter GAAP earnings of $0.98 to $1.03 per share on revenue of $270.5 million to $275.5 million. The current consensus earnings estimate is $1.04 per share on revenue of $273.3 million for the quarter ending December 31, 2011.
Revenue Below Estimates
Q 12/2011
12/23/2011
3:01:00 AM
-4.5%
-3.9%
Guidance:
Consensus:
Shutterfly Lowers Guidance Below Estimates

Shutterfly Inc said it now expects fourth quarter revenue of $259.0 million to $264.0 million. The company's previous guidance was revenue of $270.5 million to $275.5 milllion and the current consensus estimate is revenue of $267.8 million for the quarter ending December 31, 2011.
EPS & Revenue Below Estimates
FY 2012
2/1/2012
4:02:01 PM
$0.25 to $0.28
8.1%
17.2%
Guidance:
Consensus:
Shutterfly Guides Below Estimates

Shutterfly Inc said it expects a first quarter loss of $0.43 to $0.31 per share on revenue of $83.0 million to $85.0 million. The current consensus estimate is a loss of $0.31 per share on revenue of $90.4 million for the quarter ending March 31, 2012. The company said it expects 2012 earnings of $0.25 to $0.28 per share on revenue of $550.0 million to $560.0 million. The current consensus earnings estimate is $0.50 per share on revenue of $584.7 million for the year ending December 31, 2012.
EPS Below Estimates
FY 2012
4/30/2012
4:02:01 PM
$0.07 to $0.16
$576.0 mil to $586.0 mil
$0.29
$556.3 mil
0.3%
-21.7%
Guidance:
Consensus:
Shutterfly Sees Earnings Below Estimates

Shutterfly Inc said it expects a second quarter loss of $0.37 to $0.33 per share on revenue of $90.0 million to $92.0 million, including the pending Kodak transaction. The current consensus estimate is a loss of $0.28 per share on revenue of $88.4 million for the quarter ending June 30, 2012. The company said it expects 2012 earnings of $0.07 to $0.16 per share on revenue of $576.0 million to $586.0 million. The current consensus earnings estimate is $0.29 per share on revenue of $556.3 million for the year ending December 31, 2012.
Raises Guidance In-line with Estimates
FY 2012
7/25/2012
4:02:01 PM
$0.11 to $0.21
$582.0 mil to $592.0 mil
$0.13
$582.7 mil
4.7%
-3.5%
Guidance:
Consensus:
Shutterfly Raises Guidance, but Remains In-line with Estimates

Shutterfly Inc said it expects a third quarter loss of $0.44 to $0.41 per share on revenue of $89.5 million to $91.5 million. The current consensus estimate is a loss of $0.35 per share on revenue of $92.0 million for the quarter ending September 30, 2012. The company also said it expects 2012 earnings of $0.11 to $0.21 per share on revenue of $582.0 million to $592.0 million. The company's previous guidance was earnings of $0.07 to $0.16 per share on revenue of $576.0 million to $586.0 million and the current consensus earnings estimate is $0.13 per share on revenue of $582.7 million for the year ending December 31, 2012.
EPS Below Estimates
Q 12/2012
11/1/2012
4:02:00 PM
$0.94 to $1.02
$1.11
$308.2 mill
-10.0%
-22.8%
Guidance:
Consensus:
Shutterfly Sees Earnings Below Estimates

Shutterfly Inc said it expects fourth quarter GAAP earnings of $0.94 to $1.02 per share on revenue of $300.0 million to $310.0 million. The current consensus earnings estimate is $1.11 per share on revenue of $308.2 million for the quarter ending December 31, 2012.
EPS In-line/Revenue Above
FY 2013
2/5/2013
4:02:00 PM
$0.38 to $0.51
20.3%
6.2%
Guidance:
Consensus:
Shutterfly Sees Revenue Above Estimates

Shutterfly Inc said it expects a first quarter GAAP loss of $0.42 to $0.39 per share on revenue of $107.2 million to $110.0 million. The current consensus estimate is a loss of $0.31 per share on revenue of $108.9 million for the quarter ending March 31, 2013. The company also said it expects 2013 earnings of $0.38 to $0.51 per share on revenue of $739.7 million to $746.0 million. The current consensus earnings estimate is $0.45 per share on revenue of $705.6 million for the year ending December 31, 2013.
Mixed Guidance
FY 2013
5/1/2013
4:02:01 PM
$0.20 to $0.30
$766.0 mil to $771.0 mil
$0.50
$745.9 mil
-1.3%
-6.0%
Guidance:
Consensus:
Shutterfly Provides Mixed Guidance

Shutterfly Inc said it expects a second quarter GAAP loss of $0.58 to $0.55 per share on revenue of $118.0 million to $121.2 million. The current consensus estimate is a loss of $0.34 per share on revenue of $119.2 million for the quarter ending June 30, 2013. The company also said it now expects 2013 earnings of $0.20 to $0.30 per share on revenue of $766.0 million to $771.0 million. The company's previous guidance was earnings of $0.38 to $0.51 per share on revenue of $739.7 million to $746.0 million and the current consensus earnings estimate is $0.50 per share on revenue of $745.9 million for the year ending December 31, 2013.
Revenue Above Estimates
FY 2013
7/31/2013
4:02:01 PM
$0.23 to $0.33
$776.0 mil to $781.0 mil
$0.32
$771.4 mil
11.6%
-0.9%
Guidance:
Consensus:
Shutterfly Sees 2013 Revenue Above Estimates

Shutterfly Inc said it expects a third quarter non-GAAP loss of $0.62 to $0.58 per share on revenue of $115.0 million to $117.0 million. The current consensus estimate is a loss of $0.49 per share on revenue of $119.5 million for the quarter ending September 30, 2013. The company also said it expects 2013 earnings of $0.23 to $0.33 per share on revenue of $776.0 million to $781.0 million. The company's previous guidance was earnings of $0.20 to $0.30 per share on revenue of $766.0 million to $771.0 million and the current consensus earnings estimate is $0.32 per share on revenue of $771.4 million for the year ending December 31, 2013.
EPS & Revenue Below Estimates
Q 12/2013
10/29/2013
4:02:01 PM
$0.95 to $1.11
$1.42
$413.0 mill
-6.8%
-4.2%
Guidance:
Consensus:
Shutterfly Guides Below Estimates

Shutterfly Inc said it expects fourth quarter earnings of $0.95 to $1.11 per share on revenue of $392.1 million to $405.1 million. The current consensus earnings estimate is $1.42 per share on revenue of $413.0 million for the quarter ending December 31, 2013.
EPS Below Estimates
FY 2014
2/5/2014
4:02:11 PM
($0.28) to ($0.02)
-10.8%
2.5%
Guidance:
Consensus:
Shutterfly Sees a Loss in 2014

Shutterfly Inc said it expects a first quarter loss of $0.92 to $0.86 per share on revenue of $132.0 million to $135.0 million. The current consensus estimate is a loss of $0.41 per share on revenue of $138.5 million for the quarter ending March 31, 2014. The company said it expects a 2014 loss of $0.28 to $0.02 per share on revenue of $900.0 million to $920.0 million. The current consensus earnings estimate is $0.36 per share on revenue of $909.9 million for the year ending December 31, 2014.
Revises Guidance
FY 2014
7/30/2014
4:02:44 PM
($0.39) to ($0.09)
3.9%
-2.5%
Guidance:
Consensus:
Shutterfly Sees Third Quarter Below Estimates; Revises 2014 Outlook

Shutterfly Inc said it expects a third quarter GAAP loss of $1.22 to $1.18 per share on revenue of $140.5 million to $143.5 million. The current consensus estimate is a loss of $0.86 per share on revenue of $144.1 million for the quarter ending September 30, 2014. The company also said it expects a 2014 loss of $0.39 to $0.09 per share on revenue of $905.0 million to $920.0 million. The company's previous guidance was a loss of $0.28 to $0.02 per share on revenue of $900.0 million to $920.0 million and the current consensus estimate is a loss of $0.20 per share on revenue of $915.2 million for the year ending December 31, 2014.
EPS Below Estimates
Q 12/2014
10/29/2014
4:02:41 PM
$2.35 to $2.60
$2.62
$478.0 mill
-1.1%
4.0%
Guidance:
Consensus:
Shutterfly Guides Fourth Quarter Earnings Below Estimates

Shutterfly Inc said it expects fourth quarter earnings of $2.35 to $2.60 per share on revenue of $466.7 million to $481.7 million. The current consensus earnings estimate is $2.62 per share on revenue of $478.0 million for the quarter ending December 31, 2014.
EPS & Revenue Below Estimates
FY 2015
2/12/2015
4:02:24 PM
($0.12) to $0.04
-4.5%
4.0%
Guidance:
Consensus:
Shutterfly Guides Below Estimates

Shutterfly Inc said it expects a first quarter loss of $1.36 to $1.20 per share on revenue of $153.0 million to $157.0 million. The current consensus estimate is a loss of $0.82 per share on revenue of $159.2 million for the quarter ending March 31, 2015. The company also said it expects 2015 results to range from a loss of $0.12 per share to earnings of $0.04 per share on revenue of $1.04 billion to $1.06 billion. The current consensus earnings estimate is $0.29 per share on revenue of $1.05 billion for the year ending December 31, 2015.
Provides Revenue Guidance
Q 06/2015
4/29/2015
4:14:01 PM
$175.5 mil to $179.5 mil
$180.7 mil
1.4%
2.7%
Guidance:
Consensus:
Shutterfly Provides Revenue Guidance

Shutterfly Inc said it expects second quarter revenue of $175.5 million to $179.5 million. The current consensus revenue estimate is $180.7 million for the quarter ending June 30, 2015. The company said it expects 2015 revenue of $1.045 billion to $1.06 billion. The current consensus estimate is revenue of $1.05 billion for the year ending December 31, 2015.
In-line Guidance
FY 2015
7/29/2015
4:02:02 PM
($0.32) to ($0.13)
-4.3%
-7.0%
Guidance:
Consensus:
Shutterfly Guides In-line

Shutterfly Inc said it expects a third quarter loss of $1.47 to $1.32 per share on revenue of $164.5 million to $167.5 million. The current consensus estimate is a loss of $1.37 per share on revenue of $161.4 million for the quarter ending September 30, 2015. The company also said it expects a 2015 loss of $0.32 to $0.13 per share on revenue of $1.04 billion to $1.06 billion. The current consensus estimate is a loss of $0.27 per share on revenue of $1.06 billion for the year ending December 31, 2015.
EPS Above Estimates
Q 12/2015
10/27/2015
4:02:01 PM
$3.46 to $3.64
$3.09
$546.9 mill
5.3%
13.3%
Guidance:
Consensus:
Shutterfly Guides Earnings Above Estimates

Shutterfly Inc said it expects fourth quarter earnings of $3.46 to $3.64 per share on revenue of $528.7 million to $548.7 million. The current consensus earnings estimate is $3.09 per share on revenue of $546.9 million for the quarter ending December 31, 2015.
EPS In-line/Revenue Below
FY 2016
2/3/2016
4:02:01 PM
$0.19 to $0.58
-2.7%
4.0%
Guidance:
Consensus:
Shutterfly Provides Mixed Guidance

Shutterfly Inc said it expects a first quarter loss of $1.01 to $0.92 per share on revenue of $173.0 million to $180.0 million and 2016 earnings of $0.19 to $0.58 per share on revenue of $1.12 billion to $1.16 billion. The current consensus estimate is a loss of $1.17 per share on revenue of $179.6 million for the quarter ending March 31, 2016 and earnings of $0.49 per share on revenue of $1.19 billion for the year ending December 31, 2016.
Reaffirms
FY 2016
4/27/2016
4:02:00 PM
$0.19 to $0.58
$1.12 bil to $1.16 bil
$0.49
0.5%
-1.2%
Guidance:
Consensus:
Shutterfly Reaffirms

Shutterfly Inc said it expects a second quarter loss of $0.69 to $0.62 per share on revenue of $195.0 million to $202.0 million and continues to expect 2016 earnings of $0.19 to $0.58 per share on revenue of $1.12 billion to $1.16 billion. The current consensus estimate is a loss of $0.69 per share on revenue of $198.5 million for the quarter ending June 30, 2016 and $0.49 per share on revenue of $1.15 billion for the year ending December 31, 2016.
Narrows Guidance
FY 2016
7/27/2016
4:02:02 PM
$0.31 to $0.58
$1.13 bil to $1.16 bil
$0.50
$1.15 bil
7.6%
2.0%
Guidance:
Consensus:
Shutterfly Narrows Guidance

Shutterfly Inc said it expects a third quarter loss of $0.97 to $0.90 per share on revenue of $179.2 million to $185.9 million. The current consensus estimate is a loss of $1.07 per share on revenue of $185.1 million for the quarter ending September 30, 2016. The company said it expects 2016 earnings of $0.31 to $0.58 per share on revenue of $1.13 billion to $1.16 billion. The company's previous guidance was earnings of $0.19 to $0.58 per share on revenue of $1.12 billion to $1.16 billion and the current consensus earnings estimate is $0.50 per share on revenue of $1.15 billion for the year ending December 31, 2016.
Date
Grade
Actual
Earnings
Whisper
Consensus
Estimate
Surprise
Growth
Gap
Drift
10/26/2011
4:02:01 PM
Sep '11
Q3 '11
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G F
EPS
Rev
($0.21)
$76.52 Mil
-
($0.37)
$75.61 Mil
43.2%
1.2%
-
56.3%
-2.6%
-
2/1/2012
4:02:01 PM
Dec '11
Q4 '11
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G D
EPS
Rev
$1.04
$263.75 Mil
-
$0.82
$260.85 Mil
26.8%
1.1%
16.8%
58.7%
-6.0%
-
4/30/2012
4:02:01 PM
Mar '12
Q1 '12
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G D-
EPS
Rev
($0.21)
$91.29 Mil
-
($0.34)
$84.59 Mil
38.2%
7.9%
-
59.5%
10.3%
-
7/25/2012
4:02:01 PM
Jun '12
Q2 '12
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G D-
EPS
Rev
($0.17)
$99.02 Mil
-
($0.35)
$91.41 Mil
51.4%
8.3%
-
30.7%
8.9%
-
11/1/2012
4:02:00 PM
Sep '12
Q3 '12
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G F
EPS
Rev
($0.19)
$98.54 Mil
-
($0.41)
$91.59 Mil
53.7%
7.6%
-
28.8%
4.7%
-
2/5/2013
4:02:00 PM
Dec '12
Q4 '12
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G D-
EPS
Rev
$1.50
$351.78 Mil
-
$1.01
$308.77 Mil
48.5%
13.9%
49.7%
33.4%
16.1%
-
5/1/2013
4:02:01 PM
Mar '13
Q1 '13
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G D-
EPS
Rev
($0.33)
$116.71 Mil
-
($0.41)
$109.74 Mil
19.5%
6.3%
-
27.8%
2.6%
-
7/31/2013
4:02:01 PM
Jun '13
Q2 '13
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G D-
EPS
Rev
($0.29)
$133.46 Mil
-
($0.54)
$121.99 Mil
46.3%
9.4%
-
34.8%
4.4%
-
10/29/2013
4:02:01 PM
Sep '13
Q3 '13
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G F
EPS
Rev
($0.24)
$122.69 Mil
($0.48)
($0.62)
$117.95 Mil
50.0%
4.0%
-
24.5%
-6.2%
-
2/5/2014
4:02:11 PM
Dec '13
Q4 '13
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G F
EPS
Rev
$1.20
$410.79 Mil
-
$1.09
$405.97 Mil
10.1%
1.2%
-16.5%
16.8%
-8.9%
-
4/30/2014
4:03:19 PM
Mar '14
Q1 '14
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G D-
EPS
Rev
($0.82)
$137.10 Mil
-
($0.93)
$134.46 Mil
11.8%
2.0%
-
17.5%
2.5%
-
7/30/2014
4:02:44 PM
Jun '14
Q2 '14
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G D-
EPS
Rev
($0.63)
$159.15 Mil
-
($0.74)
$156.95 Mil
14.9%
1.4%
-
19.2%
3.0%
-
10/29/2014
4:02:41 PM
Sep '14
Q3 '14
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G D-
EPS
Rev
($1.12)
$142.01 Mil
($1.08)
($1.17)
$143.61 Mil
-3.7%
-1.1%
-
15.8%
-4.4%
-
2/12/2015
4:02:24 PM
Dec '14
Q4 '14
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C
EPS
Rev
$2.57
$483.33 Mil
$2.60
$2.49
$476.76 Mil
-1.2%
1.4%
114.3%
17.7%
-6.4%
-
4/29/2015
4:14:01 PM
Mar '15
Q1 '15
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G D
EPS
Rev
($1.11)
$159.98 Mil
-
($1.33)
$156.24 Mil
16.5%
2.4%
-
16.7%
-1.1%
-
7/29/2015
4:02:02 PM
Jun '15
Q2 '15
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G D+
EPS
Rev
($0.56)
$183.88 Mil
($0.94)
($1.05)
$179.34 Mil
40.4%
2.5%
-
15.5%
-2.6%
-
10/27/2015
4:02:01 PM
Sep '15
Q3 '15
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G D+
EPS
Rev
($1.61)
$167.49 Mil
($1.28)
($1.39)
$166.10 Mil
-25.8%
0.8%
-
17.9%
2.0%
-
2/3/2016
4:02:01 PM
Dec '15
Q4 '15
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G D+
EPS
Rev
$3.57
$548.08 Mil
$3.68
$3.58
$544.70 Mil
-3.0%
0.6%
28.9%
13.4%
-7.3%
-
4/27/2016
4:02:00 PM
Mar '16
Q1 '16
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G B
EPS
Rev
($0.85)
$181.71 Mil
-
($0.97)
$177.52 Mil
12.4%
2.4%
-
13.6%
2.7%
-
7/27/2016
4:02:02 PM
Jun '16
Q2 '16
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G B
EPS
Rev
($0.48)
$203.96 Mil
-
($0.66)
$200.73 Mil
27.3%
1.6%
-
10.9%
4.0%
-
EPS
Rev
-
-
-
($0.95)
$183.50 Mil
-
-
-
9.6%
EPS
Rev
-
-
-
$2.82
$586.01 Mil
-
-
-21.0%
6.9%
2/2/2011
$34.31
$0.59
$307.7 Mil
-
-
-
2/1/2012
$25.12
$0.63
$473.3 Mil
6.8%
53.8%
-26.8%
2/5/2013
$33.59
$0.97
$640.6 Mil
54.0%
35.4%
33.7%
2/5/2014
$49.67
$0.38
$783.6 Mil
-60.8%
22.3%
47.9%
2/12/2015
$46.99
$0.08
$921.6 Mil
-78.9%
17.6%
-5.4%
2/3/2016
$39.63
($0.02)
$1.06 Bil
-125.0%
15.0%
-15.7%
2/3/2017
$44.11
$0.56
$1.16 Bil
-
9.5%
11.3%
2/3/2018
-
$1.05
$1.27 Bil
87.5%
9.5%
-
2/3/2019
-
-
-
-
-
-

Price Projection

Current Value
$92
108%
Projected Price
-
-