03:35 PM EDT, 08/06/2024 (MT Newswires) -- Getty Images Holdings ( GETY ) is expecting gains from events including UEFA Euro 2024, the Olympics and the US presidential election along with continuous growth in e-commerce subscriptions in H2, Wedbush said Tuesday in a report.

The events and competitive US house races "should provide a halo effect for the broader business that should more than offset the strike-related hangover" following labor action by actors and writers, Wedbush said.

Wedbush forecast Q2 sales at $231 million, compared with consensus of $239 million and $226 million a year earlier. Getty Images ( GETY ) is scheduled to report results on Friday.

It's unlikely the company will raise full-year guidance this early in the year, Wedbush said.

Wedbush maintained its outperform rating on Getty Images ( GETY ) with a $7.70 price target.

The company's shares fell 2.1% in recent trading Tuesday.

Price: 3.24, Change: -0.07, Percent Change: -2.11