Kanzhun (BZ) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
I reiterate my buy rating for Kanzhun Ltd. due to strong fundamentals, robust revenue growth, and a positive growth outlook amid an improving macro backdrop. BZ's 3Q24 earnings showed revenue growth of 19% y/y, driven by online recruitment services, with a 30% y/y increase in monthly average users to 58 million. BZ's market position is solidified as the largest online recruitment platform, with significant market share gains and a headroom of 170 million users to capture.
Kanzhun Limited (NASDAQ:BZ ) Q3 2024 Earnings Conference Call December 11, 2024 7:00 AM ET Company Participants Wenbei Wang - Head of Investor Relations Jonathan Peng Zhao - Founder, Chairman and Chief Executive Officer Phil Yu Zhang - Director and Chief Financial Officer Conference Call Participants Eddy Wang - Morgan Stanley Timothy Zhao - Goldman Sachs Wei Xiong - UBS Yanyan Xiao - CICC Operator Ladies and gentlemen, thank you for standing by, and welcome to the Kanzhun Limited Third Quarter 2024 Financial Results Conference Call. At this time, all participants are in a listen-only mode.
KANZHUN LIMITED Sponsored ADR (BZ) came out with quarterly earnings of $0.23 per share, beating the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.22 per share a year ago.
Kanzhun (BZ) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Kanzhun (BZ) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Kanzhun remains a buy despite the recent sell-off; long-term growth potential is intact with strong fundamentals and user growth. 2Q24 earnings showed 29% y/y revenue growth and 27% y/y adjusted net profit growth; management's conservative 3Q24 guidance caused a share price drop. BZ's expansion into new verticals and international markets, along with strong user growth, underscore its robust growth potential.
KANZHUN LIMITED Sponsored ADR (BZ) came out with quarterly earnings of $0.22 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to earnings of $0.17 per share a year ago.
Kanzhun (BZ) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Kanzhun (BZ) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
I give Kanzhun Ltd. a buy rating for its disruptive business model. BZ demonstrated strong growth momentum with 33% revenue growth in 1Q24. I expect BZ to see continued market share gains with an improving scale advantage.
Does KANZHUN LIMITED Sponsored ADR (BZ) have what it takes to be a top stock pick for momentum investors? Let's find out.