ZipRecruiter: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
ZipRecruiter (NYSE:ZIP) reported its Q3 earnings, beating estimated earnings by 109.09% with an EPS of $0.23, against an estimate of $0.11. However, revenue was down $71.34 million from the same period last year. Last quarter, the company also beat EPS estimates, which was followed by a 10.29% drop in the share price the next day.
November 08, 2023 | 9:15 pm
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ZipRecruiter's Q3 earnings beat estimates but revenue was down YoY. Last quarter's earnings beat was followed by a share price drop.
While ZipRecruiter beat earnings estimates, the decrease in revenue YoY and the historical trend of share price drop following an earnings beat could potentially impact the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100