Shares have remained under pressure in a persistently weak hiring market in the US. Despite facing substantial revenue declines in recent quarters, the company has remained profitable, though margins have fallen drastically. The outlook for this year appears to be more favorable, while the current valuation remains attractive at just 7.7 times FCF.
ZipRecruiter (ZIP) stock price has imploded and crashed to a record low as concerns about its growth in a difficult job market continue. It has slipped to an all-time low of $7.13, down by almost 80% from its all-time high.
“Amazon is charging tens of thousands of hard-working Ward 7 and 8 residents for an expedited delivery service it promises but does not provide," said District of Columbia Attorney General Brian L. Schwalb.
ZipRecruiter, Inc. (ZIP) Q3 2024 Earnings Call Transcript
ZipRecruiter, Inc. (ZIP) came out with a quarterly loss of $0.03 per share versus the Zacks Consensus Estimate of a loss of $0.10. This compares to earnings of $0.23 per share a year ago.
ZipRecruiter is about to report Q3 earnings, which are expected to be GAAP negative and continuing revenue declines. I want to hear a lot more about ZIP's innovations and how they provide value to users compared to competition. All ears are going to be on the company's outlook for next year. I need to see revenue growth return.
ZipRecruiter (ZIP) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
ZipRecruiter management's latest guidance predicts further sequential revenue declines, contrary to earlier expectations of stabilization in the second half of the year. Adjusted EBITDA margin was strong at 23% last quarter, but is expected to fall to 9% in Q3. The valuation appears cheap, but the outlook for growth and profitability remains subdued, leading me to assign a Neutral rating.
ZipRecruiter, Inc. (NYSE:ZIP ) Q2 2024 Earnings Conference Call August 7, 2024 5:00 PM ET Company Participants Andrew Haroldson - The Blueshirt Group Ian Siegel - Co-Founder and Chief Executive Officer David Travers - President Timothy Yarbrough - EVP and Chief Financial Officer Conference Call Participants Douglas Anmuth - JPMorgan David Yueh - Evercore Operator Thank you for standing by. My name is Jeannie, and I will be your conference operator today.
ZipRecruiter, Inc. (ZIP) came out with quarterly earnings of $0.07 per share, beating the Zacks Consensus Estimate of a loss of $0.08 per share. This compares to earnings of $0.14 per share a year ago.