Kanzhun (NASDAQ:BZ) Issues Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Kanzhun (NASDAQ:BZ) released its quarterly earnings results on Wednesday. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.02, Zacks reports. Kanzhun had a net margin of 20.65% and a return on equity of 10.48%. Kanzhun updated its Q4 2024 guidance to EPS.

Kanzhun Trading Up 2.0 %

Kanzhun stock opened at $14.78 on Friday. The stock has a 50 day moving average of $14.67 and a two-hundred day moving average of $15.73. Kanzhun has a twelve month low of $10.57 and a twelve month high of $22.74. The stock has a market capitalization of $5.60 billion, a price-to-earnings ratio of 32.85 and a beta of 0.50.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on BZ shares. Barclays upped their price objective on shares of Kanzhun from $14.00 to $16.00 and gave the company an “overweight” rating in a report on Monday. Sanford C. Bernstein downgraded shares of Kanzhun from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $19.00 to $15.00 in a report on Monday. Citigroup reduced their target price on Kanzhun from $17.00 to $16.00 and set a “buy” rating on the stock in a research report on Friday, November 29th. Finally, CLSA started coverage on shares of Kanzhun in a research report on Monday, November 18th. They set an “outperform” rating and a $18.00 price objective for the company. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Kanzhun currently has a consensus rating of “Moderate Buy” and an average price target of $21.00.

Kanzhun Company Profile

Kanzhun Limited, together with its subsidiaries, provides online recruitment services in the People's Republic of China. The company offers its recruitment services through a mobile app under the BOSS Zhipin brand name. Its services allow enterprise customers to access and interact with job seekers and manage their recruitment process.