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

Kanzhun (NASDAQ:BZ) posted its earnings results on Wednesday. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.13 by $0.02, Zacks reports. Kanzhun had a return on equity of 10.19% and a net margin of 20.90%. Kanzhun updated its Q4 2024 guidance to EPS.

Kanzhun Trading Up 2.0 %

Shares of NASDAQ BZ opened at $14.78 on Friday. The company has a 50-day moving average of $14.67 and a 200 day moving average of $15.73. Kanzhun has a 12-month low of $10.57 and a 12-month high of $22.74. The stock has a market cap of $5.60 billion, a PE ratio of 34.37 and a beta of 0.50.

Analyst Ratings Changes

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