ZipRecruiter Q1 2024 GAAP EPS $(0.07) Misses $(0.06) Estimate, Sales $122.229M Beat $121.013M Estimate
Portfolio Pulse from Benzinga Newsdesk
ZipRecruiter reported Q1 2024 GAAP EPS of $(0.07), missing the $(0.06) estimate, with sales of $122.229M beating the $121.013M estimate. This represents a 240% decrease in EPS and a 33.48% decrease in sales from the same period last year.
May 09, 2024 | 8:36 pm
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NEGATIVE IMPACT
ZipRecruiter's Q1 2024 earnings missed EPS estimates but beat sales forecasts, with significant decreases in both EPS and sales year-over-year.
The miss on the EPS estimate and the significant year-over-year decline in both EPS and sales are likely to negatively impact investor sentiment in the short term. Although the sales beat might offer some positive outlook, the overall performance suggests potential challenges ahead for ZipRecruiter, leading to a negative score.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100