Benzinga’s Top Ratings Upgrades, Downgrades For September 13, 2022
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Barclays Initiates Coverage On Kanzhun with Equal-Weight Rating, Announces Price Target of $21
Barclays analyst Jiong Shao initiates coverage on Kanzhun (NASDAQ:BZ) with a Equal-Weight rating and announces Price Target of $21.
Kanzhun: Q2 Earnings Insights
Kanzhun (NASDAQ:BZ) reported its Q2 earnings results on Tuesday, August 23, 2022 at 07:00 AM.
Here's what investors need to know about the announcement.
Earnings
Kanzhun reported in-line EPS of $0.08 versus an estimate of $0.08.
Kanzhun Sees Q3 Sales Down 4.3-5.9%
For the third quarter of 2022, the Company currently expects its total revenues to be between RMB1.14 billion and RMB1.16 billion, representing a year-on-year decrease of 5.9% to 4.3%. This
Earnings Scheduled For August 23, 2022
Companies Reporting Before The Bell
• Regis (NYSE:RGS) is estimated to report earnings for its fourth quarter.
• Jianpu Technology (NYSE:JT) is likely to report earnings for its second quarter.
AMD, SolarEdge Technologies And Some Other Big Stocks Moving Lower On Wednesday
Rocky Brands, Inc. (NASDAQ: RCKY) dipped 21.6% to $26.62 after the company reported worse-than-expected Q2 EPS results.
Short Volatility Alert: Kanzhun Limited
On Wednesday, shares of Kanzhun Limited (NASDAQ: BZ) experienced volatile short activity. After the activity, the stock price went up +5.13% to $24.59.
The overall sentiment for BZ has been Neutral.
Earnings Scheduled For June 24, 2022
Companies Reporting Before The Bell
• China Online Education Gr (NYSE:COE) is estimated to report earnings for its first quarter.
Kanzhun Q1 Sales $179.50M Beat $165.98M Estimate
Kanzhun (NASDAQ:BZ) reported quarterly sales of $179.50 million which beat the analyst consensus estimate of $165.98 million by 8.15 percent.
With DiDi Reprieve, Is China Taking the Handbrake off the Tech Sector?
Key takeaways:
Along with DiDi, logistics matching platform Full Truck Alliance and online recruitment company Kanzhun are also likely to be allowed to sign up new users