Back to top

Image: Bigstock

Strength Seen in KANZHUN LIMITED Sponsored ADR (BZ): Can Its 8.6% Jump Turn into More Strength?

Read MoreHide Full Article

KANZHUN LIMITED Sponsored ADR (BZ - Free Report) shares rallied 8.6% in the last trading session to close at $15.71. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 5.7% loss over the past four weeks.

KANZHUN benefits from an expanding enterprise clientele and growing monthly active user base.

This company is expected to post quarterly earnings of $0.13 per share in its upcoming report, which represents a year-over-year change of +8.3%. Revenues are expected to be $211.11 million, up 27.4% from the year-ago quarter.

Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.

For KANZHUN LIMITED Sponsored ADR, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on BZ going forward to see if this recent jump can turn into more strength down the road.

The stock currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

KANZHUN LIMITED Sponsored ADR is a member of the Zacks Internet - Software industry. One other stock in the same industry, Zuora (ZUO - Free Report) , finished the last trading session 0.8% higher at $7.72. ZUO has returned -8.5% over the past month.

For Zuora, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.06. This represents a change of +400% from what the company reported a year ago. Zuora currently has a Zacks Rank of #3 (Hold).

See More Zacks Research for These Tickers

Normally $25 each - click below to receive one report FREE:

KANZHUN LIMITED Sponsored ADR (BZ) - free report >>

Zuora, Inc. (ZUO) - free report >>

Published in