Kanzhun Ltd reports results for the quarter ended September 30 - Earnings Summary

• Kanzhun Ltd BZ.OQ reported quarterly adjusted earnings of CNY1.64​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of CNY1.59. The mean expectation of eight analysts for the quarter was for earnings of CNY1.46 per share. Wall Street expected results to range from CNY1.37 to CNY1.57 per share.

• Revenue rose 19% to CNY1.91 billion from a year ago; analysts expected CNY1.89 billion.

• Kanzhun Ltd's reported EPS for the quarter was CNY1.03​.

• The company reported quarterly net income of CNY468.37 million.

• Kanzhun Ltd shares had fallen by 16.5% this quarter and lost 12.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2.6% in the last three months.​

• In the last 30 days, four analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 21 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the employment services peer group is also "buy"

Wall Street's median 12-month price target for Kanzhun Ltd is $16.00

This summary was machine generated from LSEG data December 12 at 06:07 a.m. UTC. ​All figures in Chinese yuan renminbi unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)