ZipRecruiter Sees Q4 Revenue $125M-$131M Vs $132.47M Est.
Portfolio Pulse from Benzinga Newsdesk
ZipRecruiter has projected its Q4 revenue to be between $125M and $131M, which is lower than the estimated $132.47M.
November 08, 2023 | 9:18 pm
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NEGATIVE IMPACT
ZipRecruiter's lower than expected Q4 revenue projection could negatively impact its stock price in the short term.
Companies' stock prices often react to earnings forecasts. In this case, ZipRecruiter's lower than expected Q4 revenue projection could lead to a decrease in its stock price as it indicates potential underperformance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100