Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock char ...

Core Viewpoint - Kanzhun Limited (BZ) shows a promising earnings outlook, with analysts raising their earnings estimates, which is likely to positively impact the stock price [1][6]. Earnings Estimates - The consensus estimate for Kanzhun's earnings per share (EPS) for the current quarter is $0.22, reflecting a year-over-year increase of +29.41% [4]. - Over the last 30 days, the Zacks Consensus Estimate for Kanzhun has risen by 8.33%, with one estimate increasing and no negative revisions [4]. - For the full year, Kanzhun is expected to earn $0.82 per share, indicating a year-over-year change of +22.39% [5]. - The consensus estimate for the current year has increased by 14.29%, with one estimate moving higher and no negative revisions [5]. Analyst Sentiment - There is strong agreement among analysts in revising earnings estimates upward, leading to significant improvements in consensus estimates for both the next quarter and the full year [2][5]. - Kanzhun currently holds a Zacks Rank 2 (Buy), indicating favorable conditions for investment based on earnings estimate revisions [6]. Stock Performance - Kanzhun shares have appreciated by 16.9% over the past four weeks, suggesting investor confidence in the company's earnings growth prospects [7].

Have you been paying attention to shares of KANZHUN LIMITED Sponsored ADR (BZ) ? Shares have been on the move with the stock up 16.9% over the past month. The stock hit a new 52-week high of $22.74 in the previous session. KANZHUN LIMITED Sponsored ADR has gained 34.6% since the start of the year compared to the 16.9% move for the Zacks Computer and Technology sector and the 12.7% return for the Zacks Internet - Software industry.What's Driving the Outperformance?The stock has an impressive record of positi ...

Investment Rating - The report maintains a "Buy" rating for BOSS Zhipin [3][4]. Core Views - BOSS Zhipin's Q1 2024 performance exceeded expectations, showcasing its ability to gain market share through a versatile business model during a downturn in industry sentiment [3]. - The company is positioned in a growth cycle regarding scale, market structure, and profit margins, with a target market capitalization of 79.4 billion RMB for 2024, corresponding to 87.5 billion HKD, and a target price of 98.33 HKD per share [3]. - The report highlights that BOSS Zhipin's revenue and adjusted net profit growth are driven by its competitive advantages and business model, particularly in the blue-collar market, which accounts for 35% of its revenue [3]. Financial Performance Summary - In Q1 2024, BOSS Zhipin reported cash income of 2.051 billion RMB, a 24.31% increase, and operating revenue growth of 17.03% [3]. - The adjusted net profit for Q1 2024 was 531 million RMB, reflecting a 117% increase compared to the same period in the previous year [3]. - The average monthly active users reached 46.6 million, up 17.4%, with the number of paying enterprise users increasing by 42.5% to 5.7 million [3]. Market Trends - The recruitment trends indicate a strong performance in the blue-collar segment, with significant growth in large enterprises compared to small and medium-sized enterprises [3]. - The report notes that BOSS Zhipin is in a phase of establishing brand recognition, leading to improved marketing ROI and profit margins [3]. - The competitive landscape is shifting, with leading companies like BOSS Zhipin gaining substantial market share, potentially exceeding 50% in the online recruitment sector [3].

Kanzhun Limited (NASDAQ:BZ) Q1 2024 Earnings Conference Call May 21, 2024 8:00 AM ET Company Participants Wenbei Wang - Head of IR Jonathan Peng Zhao - Founder, Chairman and CEO Phil Yu Zhang - Director and CFO Conference Call Participants Robin Zhu - Bernstein Eddy Wang - Morgan Stanley Timothy Zhao - Goldman Sachs Yang Bai - CICC Operator Ladies and gentlemen, thank you for standing by and welcome to the Kanzhun Limited First Quarter 2024 Financial Results Conference Call. At this time, all participants a ...

KANZHUN LIMITED Sponsored ADR (BZ) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.08 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 23.08%. A quarter ago, it was expected that this company would post earnings of $0.17 per share when it actually produced earnings of $0.20, delivering a surprise of 17.65%.Over the last four quarters, ...

BEIJING, May 21, 2024 (GLOBE NEWSWIRE) -- KANZHUN LIMITED ("BOSS Zhipin" or the "Company") (NASDAQ:BZ, HKEX: 2076))), a leading online recruitment platform in China, today announced that Ms. Shangyu Gao has resigned as an independent non-executive director of the Company in order to devote more time to her other personal business commitments, effective on May 21, 2024. In addition, with effect from May 21, 2024, Ms. Mengyuan Dong has been appointed as an independent non-executive director of the Company, th ...

BEIJING, May 21, 2024 (GLOBE NEWSWIRE) -- KANZHUN LIMITED (“BOSS Zhipin” or the “Company”) (Nasdaq: BZ; HKEX: 2076), a leading online recruitment platform in China, today announced its unaudited financial results for the quarter ended March 31, 2024. First Quarter 2024 Highlights Revenues for the first quarter of 2024 were RMB1,703.8 million (US$236.0 million), an increase of 33.4% from RMB1,277.5 million for the same quarter of 2023.Calculated cash billings1 for the first quarter of 2024 were RMB2,050.7 mi ...

Financial Performance - For Q1 2024, the revenue was RMB 1,703.8 million (USD 236.0 million), an increase of 33.4% compared to RMB 1,277.5 million in Q1 2023[4] - The adjusted net profit for Q1 2024 was RMB 530.7 million (USD 73.5 million), a significant increase of 116.6% from RMB 245.0 million in Q1 2023[4] - The net profit for Q1 2024 was RMB 241.7 million (USD 33.5 million), significantly up from RMB 32.7 million in Q1 2023[7] - Total revenue for the three months ended March 31, 2024, was RMB 1,703,753 thousand, representing a 33.2% increase from RMB 1,277,546 thousand for the same period in 2023[16] - Adjusted net profit for the three months ended March 31, 2024, was RMB 533,928 thousand, up 118.5% from RMB 244,954 thousand in the same period of 2023[19] - The company reported net profit of RMB 241,724 thousand for the three months ended March 31, 2024, compared to RMB 32,663 thousand in the same period of 2023, indicating a significant growth[19] User and Client Growth - The average monthly active users reached 46.6 million, up 17.4% from 39.7 million in the same period last year[4] - The total number of paying enterprise clients increased to 5.7 million, representing a growth of 42.5% from 4.0 million in the previous year[4] Operating Costs and Expenses - Operating costs and expenses totaled RMB 1,612.8 million (USD 223.4 million), an increase of 17.4% from RMB 1,373.7 million in Q1 2023[6] - Research and development expenses rose to RMB 467.6 million (USD 64.8 million), a 40.4% increase compared to RMB 333.1 million in Q1 2023[6] - Marketing expenses decreased to RMB 579.3 million (USD 80.2 million), a reduction of 7.9% from RMB 628.8 million in the same quarter last year[6] Profitability Metrics - The adjusted operating profit margin for Q1 2024 was reported at 23%, demonstrating the efficiency of the company's business model[4] - In Q1 2024, the operating profit was RMB 103.6 million (USD 14.3 million), compared to an operating loss of RMB 77.3 million in the same period of 2023[7] - Basic and diluted earnings per American Depositary Share (ADS) for Q1 2024 were RMB 0.56 (USD 0.08) and RMB 0.54 (USD 0.07), respectively, compared to RMB 0.08 and RMB 0.07 in Q1 2023[7] - Adjusted basic and diluted earnings per ADS for Q1 2024 were RMB 1.21 (USD 0.17) and RMB 1.18 (USD 0.16), respectively, compared to RMB 0.57 and RMB 0.54 in Q1 2023[7] Cash Flow and Liquidity - Operating cash flow for Q1 2024 was RMB 905.5 million (USD 125.4 million), up 66.5% from RMB 543.9 million in Q1 2023[8] - As of March 31, 2024, cash and cash equivalents totaled RMB 11,901.6 million (USD 1,648.4 million)[9] - Cash flow from operating activities for the three months ended March 31, 2024, was RMB 905,541 thousand, up from RMB 543,910 thousand for the same period in 2023[18] - Cash collections for the three months ended March 31, 2024, were RMB 2,050,681 thousand, an increase from RMB 1,649,557 thousand in the same period of 2023[19] Future Outlook - The company aims to leverage its growing user base and technological capabilities to support long-term growth potential[4] - The company expects total revenue for Q2 2024 to be between RMB 1.91 billion and RMB 1.96 billion, representing a year-over-year increase of 28.4% to 31.7%[10] - The company continues to focus on product development and market expansion strategies to drive future growth[19] Shareholder Returns - The company approved a new share repurchase plan in March 2024, allowing for the repurchase of up to USD 200 million worth of shares over the next 12 months[9] Assets and Liabilities - Total assets as of March 31, 2024, amounted to RMB 18,717,077 thousand, an increase from RMB 17,940,048 thousand as of December 31, 2023[17] - Total liabilities as of March 31, 2024, were RMB 4,601,985 thousand, an increase from RMB 4,510,855 thousand as of December 31, 2023[17] Investment Activities - The company experienced a net cash outflow from investing activities of RMB 523,462 thousand for the three months ended March 31, 2024, compared to an outflow of RMB 3,962,775 thousand for the same period in 2023[18]

BEIJING, May 08, 2024 (GLOBE NEWSWIRE) -- KANZHUN LIMITED (“BOSS Zhipin” or the “Company”) (Nasdaq: BZ; HKEX: 2076), a leading online recruitment platform in China, today announced that it will report its unaudited consolidated results for the first quarter ended March 31, 2024, before the U.S. market opens on Tuesday, May 21, 2024. The Company will host a conference call on Tuesday, May 21, 2024 at 8:00PM Beijing Time (8:00AM U.S. Eastern Time) to discuss the results. Participants are required to pre-regis ...