ZACKS·2024-09-25 13:15Company Overview - Kanzhun Limited's shares increased by 19.3% to close at $15.19, supported by high trading volume, contrasting with a 9.8% loss over the past four weeks [1] - The company operates BOSS Zhipin, an online recruitment platform, and is benefiting from improving market conditions in China as the economy stabilizes post-pandemic [1] Financial Performance - Kanzhun is expected to report quarterly earnings of $0.22 per share, unchanged from the previous year, with revenues projected at $268.99 million, reflecting a 22.2% increase year-over-year [2] - However, the consensus EPS estimate has been revised down by 16.7% over the last 30 days, indicating a negative trend in earnings estimate revisions, which typically does not lead to price appreciation [2] Industry Context - Kanzhun is part of the Zacks Internet - Software industry, which includes other companies like Sangoma Technologies Corporation [3] - Sangoma's consensus EPS estimate has decreased by 25% over the past month, although it shows a 28.6% increase compared to the previous year [3]