Kanzhun Limited (BZ) Stock

I maintain my buy recommendation for Kanzhun Ltd. because of its strong fundamentals, impressive revenue growth, and a positive outlook in a better economic environment. In the third quarter of 2024, BZ reported a 19% year-on-year revenue increase, largely due to its online recruitment services, and saw a 30% rise in monthly average users, reaching 58 million. BZ has established itself as the leading online recruitment platform, gaining significant market share and having the potential to attract an additional 170 million users.

KANZHUN LIMITED Sponsored ADR (BZ) reported quarterly earnings of $0.23 per share, which is higher than the Zacks Consensus Estimate of $0.22 per share. This is an increase compared to earnings of $0.22 per share from the same period last year.

BEIJING, Dec. 11, 2024 (GLOBE NEWSWIRE) -- KANZHUN LIMITED, also known as "BOSS Zhipin" (Nasdaq: BZ; HKEX: 2076), which is a top online job recruitment platform in China, has released its unaudited financial results for the quarter that ended on September 30, 2024.

BEIJING, Nov. 29, 2024 (GLOBE NEWSWIRE) -- KANZHUN LIMITED, also known as "BOSS Zhipin," which is a top online job recruitment platform in China, has announced that it will release its unaudited financial results for the third quarter, which ended on September 30, 2024. This report will be available before the U.S. market opens on Wednesday, December 11, 2024.

BEIJING, Nov. 29, 2024 (GLOBE NEWSWIRE) -- KANZHUN LIMITED, also known as "BOSS Zhipin," a top online job recruitment platform in China, revealed that it has bought back over 6.2 million ordinary shares in November, worth more than RMB300 million. So far this year, the company has repurchased around 28.2 million ordinary shares, totaling over RMB1.4 billion (USD200 million), which is about 3% of its total share capital.

Kanzhun (BZ) lacks the necessary elements that could lead to a strong earnings report in the near future. Be ready for the main expectations.

Kanzhun (BZ) saw significant movement in the last trading session with trading volume above average. However, the recent changes in earnings estimates may not support the stock's upward trend in the short term.

Kanzhun is still considered a good investment even after the recent decline in its stock price, as it has solid fundamentals and continues to grow its user base. In the second quarter of 2024, the company reported a 29% increase in revenue and a 27% rise in adjusted net profit compared to the previous year, but its cautious outlook for the third quarter led to a drop in share prices. The company's efforts to expand into new areas and international markets, along with strong user growth, highlight its strong potential for future growth.

BEIJING, Aug. 29, 2024 (GLOBE NEWSWIRE) -- KANZHUN LIMITED (“BOSS Zhipin” or the “Company”) (Nasdaq: BZ; HKEX: 2076) has announced a new share buyback program starting on August 29, 2024, which will last for 12 months. The Company plans to repurchase up to US$150 million of its shares, showing its confidence in future growth. This new program will run alongside an existing buyback program that began on March 20, 2024, allowing for the repurchase of up to US$200 million in shares.