Kanzhun Ltd ADR Up 13.49% To $19.15 After Earnings Beat

Kanzhun Ltd ADR (BZ) said before open Tuesday that it earned $0.2 per share in quarter four 2023. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.

On the revenue line, the company reported $222.6 million, beating estimates by $8.5 million.

In the same quarter a year ago, the company earned $0.02 per share on revenue of $156.9 million.

The stock is up 13.49% to $19.15 after the report.

Kanzhun Ltd ADR's earnings expanded faster than revenues, signaling widening profit margins.

The average recommendation from Wall Street analysts was a Buy which may get revised based on this new data.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Kanzhun Ltd ADR has performed poorly during the past few months, garnering a low Long-Term Technical Rank by InvestorsObserver of 24, putting Kanzhun Ltd ADR in the bottom 25% of stocks. The firm was recently trading at a 52-week low of $12.57 on January 22, 2024 and set a 52-week high on March 30, 2023 at $20.01.

Kanzhun Ltd runs an online recruitment platform called BOSS Zhipin. This platform mainly focuses on assisting the recruitment process between job seekers and employers for enterprises and corporations. The employers, mainly executives or middle-level managers of businesses, could participate directly in the recruiting process. It generates revenue by providing services to enterprise customers and job seekers to assist in the recruitment process over mobile apps and websites.