ZipRecruiterNYSE: ZIP

ZipRecruiter, Inc. (ZIP) Q3 2024 Earnings Call Transcript

ZipRecruiter, Inc. (ZIP) came out with a quarterly loss of $0.03 per share versus the Zacks Consensus Estimate of a loss of $0.10. This compares to earnings of $0.23 per share a year ago.

ZipRecruiter is about to report Q3 earnings, which are expected to be GAAP negative and continuing revenue declines. I want to hear a lot more about ZIP's innovations and how they provide value to users compared to competition. All ears are going to be on the company's outlook for next year. I need to see revenue growth return.

AARHUS, Denmark--(BUSINESS WIRE)-- #REZIP--RE-ZIP, a leading supplier of circular packaging solutions, is launching a new trial with Amazon to test whether it is possible to reduce packaging consumption by using a specially designed cardboard box that can be easily folded and returned. The Danish software company RE-ZIP has designed special cardboard boxes that recipients can easily fold up and send back to Amazon. Customers simply scan a QR code on the box using an app and return their box at a conveni.

ZipRecruiter (ZIP) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Julia Pollak, chief economist at ZipRecruiter, joins CNBC's 'Power Lunch' to discuss the latest jobs report, whether a positive tone in the labor market is real, and more.

ZipRecruiter management's latest guidance predicts further sequential revenue declines, contrary to earlier expectations of stabilization in the second half of the year. Adjusted EBITDA margin was strong at 23% last quarter, but is expected to fall to 9% in Q3. The valuation appears cheap, but the outlook for growth and profitability remains subdued, leading me to assign a Neutral rating.

ZipRecruiter, Inc. (ZIP) came out with quarterly earnings of $0.07 per share, beating the Zacks Consensus Estimate of a loss of $0.08 per share. This compares to earnings of $0.14 per share a year ago.

Julia Pollak, Chief Economist at ZipRecruiter, gives her estimates for the May jobs report.