Ziprecruiter Inc Cl A Down 8.37% To $12.64 After Earnings Miss

Ziprecruiter Inc (ZIP) missed earnings estimates for Q4 2023 this afternoon.

Analyst expectations for Ziprecruiter Inc Cl A earnings per share (EPS) were at $0.07, with the company missing those estimates with a reported EPS of $0.05, leading to a negative surprise of $0.02 per share (-29%). Ziprecruiter Inc Cl A's earnings were down 71% year-over-year as the firm reported an EPS of $0.17 in its year-ago quarter. The negative annual growth shows the Industrials company isn't performing well amid current economic conditions.

Revenues were upbeat at $135.9 million. That represents a 35.42% decrease in revenues from the year-ago report and is 5.92% higher than consensus estimates set at $128.3 million.

The stock is down 8.37% to $12.64 after the report.

Ziprecruiter Inc Cl A's profit margins took a hit as earnings fell at a faster pace than revenues.

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

Trading in the five days leading up to the report earned Ziprecruiter Inc Cl A a Bearish Sentiment Rank from InvestorsObserver.

Ziprecruiter Inc Cl A has performed a little below average during the past few months. Before the report, Ziprecruiter Inc Cl A received a Long-Term Technical Rank by InvestorsObserver of 39, putting it in the bottom half of stocks. The firm set a 52-week low on October 25, 2023 at $10.27 and set a 52-week high on July 19, 2023 at $19.29.

ZipRecruiter Inc is an online employment marketplace. It was founded to make meaningful connections between job seekers and employers. It connects millions of job seekers with companies of all sizes.