Kanzhun (NASDAQ:BZ) Announces Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Kanzhun (NASDAQ:BZ) released its earnings results on Wednesday. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates 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 %

Shares of BZ opened at $14.78 on Friday. The company’s fifty day simple moving average is $14.67 and its 200 day simple moving average is $15.73. Kanzhun has a 1-year low of $10.57 and a 1-year high of $22.74. The company has a market cap of $5.60 billion, a price-to-earnings ratio of 32.85 and a beta of 0.50.

Analyst Ratings Changes

BZ has been the subject of a number of recent analyst reports. Citigroup dropped their price objective on Kanzhun from $17.00 to $16.00 and set a “buy” rating for the company in a report on Friday, November 29th. Barclays upped their target price on shares of Kanzhun from $14.00 to $16.00 and gave the company an “overweight” rating in a research note on Monday. CLSA assumed coverage on shares of Kanzhun in a report on Monday, November 18th. They issued an “outperform” rating and a $18.00 price target for the company. Finally, Sanford C. Bernstein downgraded Kanzhun from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $19.00 to $15.00 in a research note on Monday. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, 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.