ZACKS·2024-08-28 13:25Core Viewpoint - Kanzhun Limited reported quarterly earnings of $0.22 per share, exceeding the Zacks Consensus Estimate of $0.20 per share, and showing an increase from $0.17 per share a year ago, indicating a 10% earnings surprise [1] Financial Performance - The company achieved revenues of $263.75 million for the quarter ended June 2024, which was 0.24% below the Zacks Consensus Estimate, compared to $205.15 million in the same quarter last year [1] - Over the last four quarters, Kanzhun has surpassed consensus EPS estimates four times and revenue estimates three times [1] Stock Performance - Kanzhun shares have declined approximately 16.1% since the beginning of the year, contrasting with the S&P 500's gain of 17.9% [2] Future Outlook - The company's earnings outlook is mixed, with a current consensus EPS estimate of $0.22 on revenues of $267.7 million for the upcoming quarter and $0.80 on $1.03 billion in revenues for the current fiscal year [4] - The Zacks Rank for Kanzhun is currently 3 (Hold), suggesting that shares are expected to perform in line with the market in the near future [4] Industry Context - The Internet - Software industry, to which Kanzhun belongs, is currently ranked in the top 39% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [5] - Another company in the same industry, eGain, is expected to report a significant decline in earnings, with a projected EPS of $0.02, reflecting a year-over-year change of -81.8% [5]