Kanzhun (NASDAQ:BZ – Get Free Report) announced its quarterly earnings results on Wednesday. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate 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 Stock Performance
Shares of NASDAQ:BZ opened at $14.78 on Friday. The company has a 50 day moving average price of $14.67 and a two-hundred day moving average price of $15.73. The company has a market capitalization of $5.60 billion, a PE ratio of 32.85 and a beta of 0.50. Kanzhun has a 52 week low of $10.57 and a 52 week high of $22.74.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on the stock. CLSA initiated coverage on shares of Kanzhun in a research report on Monday, November 18th. They issued an “outperform” rating and a $18.00 price objective for the company. Sanford C. Bernstein cut Kanzhun from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $19.00 to $15.00 in a research note on Monday. Citigroup cut their price target on Kanzhun from $17.00 to $16.00 and set a “buy” rating on the stock in a research note on Friday, November 29th. Finally, Barclays lifted their price objective on Kanzhun from $14.00 to $16.00 and gave the stock an “overweight” rating in a research report on Monday. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.
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