KANZHUN LIMITED Sponsored ADR (BZ) Tops Q3 Earnings and Revenue Estimates

Company Performance - Kanzhun Limited reported quarterly earnings of $0.23 per share, exceeding the Zacks Consensus Estimate of$0.22 per share, and showing an increase from $0.22 per share a year ago, representing an earnings surprise of 4.55$272.4 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 3.31%, and up from $220.21 million in the same quarter last year [2] - Over the last four quarters, Kanzhun has surpassed consensus EPS estimates four times and topped consensus revenue estimates three times [2] Future Outlook - The current consensus EPS estimate for the upcoming quarter is$0.21 on revenues of $248.51 million, and for the current fiscal year, it is$0.81 on revenues of $1.01 billion [8] - The estimate revisions trend for Kanzhun is currently unfavorable, resulting in a Zacks Rank 4 (Sell), indicating expected underperformance in the near future [7] - The sustainability of the stock's price movement will largely depend on management's commentary during the earnings call [3] Industry Context - The Internet - Software industry, to which Kanzhun belongs, is currently ranked in the top 14% of over 250 Zacks industries, suggesting a favorable industry outlook [9] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [6]