ZipRecruiter, Inc. (ZIP) got here out with a quarterly lack of $0.11 per share according to the Zacks Consensus Estimate. This compares to earnings of $0.05 per share a yr in the past. These figures are adjusted for non-recurring gadgets.
1 / 4 in the past, it was anticipated that this firm would submit a lack of $0.10 per share when it truly produced a lack of $0.03, delivering a shock of 70%.
Over the past 4 quarters, the corporate has surpassed consensus EPS estimates two instances.
ZipRecruiter
The sustainability of the inventory’s speedy value motion based mostly on the recently-released numbers and future earnings expectations will principally rely upon administration’s commentary on the earnings name.
ZipRecruiter shares have misplaced about 3.7% for the reason that starting of the yr versus the S&P 500’s achieve of 1.7%.
What’s Subsequent for ZipRecruiter?
Whereas ZipRecruiter has underperformed the market to this point this yr, the query that involves buyers’ minds is: what’s subsequent for the inventory?
There are not any straightforward solutions to this key query, however one dependable measure that may assist buyers deal with that is the corporate’s earnings outlook. Not solely does this embody present consensus earnings expectations for the approaching quarter(s), but in addition how these expectations have modified these days.
Empirical analysis reveals a robust correlation between near-term inventory actions and tendencies in earnings estimate revisions. Traders can monitor such revisions by themselves or depend on a tried-and-tested ranking instrument just like the Zacks Rank, which has a formidable monitor file of harnessing the ability of earnings estimate revisions.
Forward of this earnings release, the estimate revisions development for ZipRecruiter: favorable. Whereas the magnitude and course of estimate revisions may change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #2 (Purchase) for the inventory. So, the shares are anticipated to outperform the market within the close to future. You possibly can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Will probably be attention-grabbing to see how estimates for the approaching quarters and present fiscal yr change within the days forward. The present consensus EPS estimate is -$0.11 on $107.29 million in revenues for the approaching quarter and -$0.21 on $449.94 million in revenues for the present fiscal yr.
Traders ought to be conscious of the truth that the outlook for the business can have a cloth influence on the efficiency of the inventory as nicely. When it comes to the Zacks Business Rank, Enterprise – Companies is at the moment within the backside 49% of the 250 plus Zacks industries. Our analysis reveals that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
One other inventory from the identical business, comScore (SCOR), has but to report outcomes for the quarter ended December 2024. The outcomes are anticipated to be launched on March 4.
This on-line analysis agency is predicted to submit quarterly earnings of $0.36 per share in its upcoming report, which represents a year-over-year change of +105.4%. The consensus EPS estimate for the quarter has remained unchanged over the past 30 days.
comScore’s revenues are anticipated to be $92 million, down 3.3% from the year-ago quarter.
Ought to You Put money into ZipRecruiter, Inc. (ZIP)?
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ZipRecruiter, Inc. (ZIP) : Free Stock Analysis Report
comScore, Inc. (SCOR) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.
