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.