The Zacks Business Services sector has been hot over the last month, gaining an impressive 11% and widely outperforming the S&P 500. Still, the sector has underperformed year-to-date. Below is a table illustrating the sector’s performance vs. the S&P 500 over several timeframes.
One company residing in the sector, ZipRecruiter (ZIP - Free Report) , is on deck to reveal Q2 2022 results after market close on Monday, August 15th.
ZipRecruiter provides employment services, ranging from recruiting, hiring, job boards, posting, web applications, candidate screening, applicant tracking, and job alerts services.
The company is a Zacks Rank #3 (Hold) with an overall VGM Score of a B. How does the company stack up heading into the print? Let’s dive in and find out.
Share Performance & Valuation
Year-to-date, ZIP shares have tumbled, declining nearly 20% in value and vastly underperforming the general market.
However, over the last month, ZipRecruiter shares have really taken off, penciling in a rock-solid 25% return and easily outperforming the general market in this timeframe.
Buyers have returned over the last month as the economic picture has become somewhat clearer.
ZIP’s forward price-to-sales ratio resides at 2.6X, nicely below its median of 3.1X since its IPO in May 2021. In addition, the value represents a 72% discount relative to its Zacks Sector.
ZIP carries a Style Score of a C for Value.
Quarterly Estimates
Analysts have been quiet over the last 60 days, with zero estimate revisions coming in. Still, the Zacks Consensus EPS Estimate of $0.06 pencils in a substantial 110% uptick in quarterly earnings year-over-year.
The company’s top-line looks to register solid growth as well – ZipRecruiter is forecasted to have generated $234 million in revenue throughout the quarter, penciling in a sizable 28% year-over-year uptick.
Quarterly Performance & Market Reactions
Since IPO, ZIP has posted strong bottom-line results, registering three EPS beats over its four quarters. Just in its latest print, the company recorded a massive 600% bottom-line beat.
Quarterly revenue numbers have also been stellar, with the company registering revenue beats in each of its four quarters. Below is a chart illustrating the company’s revenue on a quarterly basis.
Day-traders who prefer to play the long side will appreciate the fact that shares have moved upwards following each of its four quarterly reports, reflecting that the market has liked what it’s seen.
Putting Everything Together
ZIP shares reside in the red year-to-date, but buyers have stepped up over the last month, driving shares upwards. In addition, valuation multiples reside on the higher side, expected of companies with a high-growth nature.
Quarterly estimates display remarkable growth on both the top and bottom-lines, but analysts have been quiet for the quarter to be reported.
Furthermore, ZIP has posted strong quarterly results since its IPO, and the market has reacted strongly following each quarterly report.
Heading into the print, ZipRecruiter (ZIP - Free Report) carries a Zacks Rank #3 (Hold).
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The Zacks Business Services sector has been hot over the last month, gaining an impressive 11% and widely outperforming the S&P 500. Still, the sector has underperformed year-to-date. Below is a table illustrating the sector’s performance vs. the S&P 500 over several timeframes.
One company residing in the sector, ZipRecruiter (ZIP - Free Report) , is on deck to reveal Q2 2022 results after market close on Monday, August 15th.
ZipRecruiter provides employment services, ranging from recruiting, hiring, job boards, posting, web applications, candidate screening, applicant tracking, and job alerts services.
The company is a Zacks Rank #3 (Hold) with an overall VGM Score of a B. How does the company stack up heading into the print? Let’s dive in and find out.
Share Performance & Valuation
Year-to-date, ZIP shares have tumbled, declining nearly 20% in value and vastly underperforming the general market.
However, over the last month, ZipRecruiter shares have really taken off, penciling in a rock-solid 25% return and easily outperforming the general market in this timeframe.
Buyers have returned over the last month as the economic picture has become somewhat clearer.
ZIP’s forward price-to-sales ratio resides at 2.6X, nicely below its median of 3.1X since its IPO in May 2021. In addition, the value represents a 72% discount relative to its Zacks Sector.
ZIP carries a Style Score of a C for Value.
Quarterly Estimates
Analysts have been quiet over the last 60 days, with zero estimate revisions coming in. Still, the Zacks Consensus EPS Estimate of $0.06 pencils in a substantial 110% uptick in quarterly earnings year-over-year.
The company’s top-line looks to register solid growth as well – ZipRecruiter is forecasted to have generated $234 million in revenue throughout the quarter, penciling in a sizable 28% year-over-year uptick.
Quarterly Performance & Market Reactions
Since IPO, ZIP has posted strong bottom-line results, registering three EPS beats over its four quarters. Just in its latest print, the company recorded a massive 600% bottom-line beat.
Quarterly revenue numbers have also been stellar, with the company registering revenue beats in each of its four quarters. Below is a chart illustrating the company’s revenue on a quarterly basis.
Day-traders who prefer to play the long side will appreciate the fact that shares have moved upwards following each of its four quarterly reports, reflecting that the market has liked what it’s seen.
Putting Everything Together
ZIP shares reside in the red year-to-date, but buyers have stepped up over the last month, driving shares upwards. In addition, valuation multiples reside on the higher side, expected of companies with a high-growth nature.
Quarterly estimates display remarkable growth on both the top and bottom-lines, but analysts have been quiet for the quarter to be reported.
Furthermore, ZIP has posted strong quarterly results since its IPO, and the market has reacted strongly following each quarterly report.
Heading into the print, ZipRecruiter (ZIP - Free Report) carries a Zacks Rank #3 (Hold).
Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry
Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.
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