KANZHUN LIMITED Reports Strong Q1 Earnings with EPS and Revenue Exceeding Expectations
June 19, 2023
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Kanzhun Limited ($NASDAQ:BZ) is a global leader in digital technology and service solutions, providing innovative products across several industries. Kanzhun’s impressive performance can be attributed to its wide range of products and services that focus on digital transformation and innovation. During the quarter, the company continued to invest in new technologies, products, and services, allowing them to increase their reach across multiple industries.
Additionally, they continued to focus on customer satisfaction and continued to strengthen relationships with existing and potential customers. The company also announced a number of initiatives that will help them maintain their competitive edge in the coming quarters. These include investing in research and development, expanding their global team, and increasing strategic partnerships with key players in the industry. Kanzhun’s strong financial results reflect the company’s commitment to delivering innovative solutions and services that meet customer needs. Going forward, the company is poised to continue its impressive performance as it works to increase its market share in key markets.
Earnings
According to the company’s earning report ending December 31 2022, KANZHUN LIMITED earned 1082.28M CNY in total revenue and lost 184.79M CNY in net income. This is a 0.8% decrease in total revenue and a 179.3% decrease in net income from the previous year. However, KANZHUN LIMITED’s total revenue has grown significantly over the last 3 years, from 645.13M CNY to 1082.28M CNY.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Kanzhun Limited. More…
| Total Revenues | Net Income | Net Margin |
| 4.65k | 152.08 | 1.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Kanzhun Limited. More…
| Operations | Investing | Financing |
| 1.25k | -6.54k | -632.55 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Kanzhun Limited. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 15k | 3.24k | 27.1 |
Key Ratios Snapshot
Some of the financial key ratios for Kanzhun Limited are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 65.3% | – | -4.4% |
| FCF Margin | ROE | ROA |
| 19.6% | -1.1% | -0.8% |
Price History
KANZHUN LIMITED reported strong earnings in their first quarter of the year as both earnings per share (EPS) and revenue exceeded expectations. Despite the positive news, the stock opened Wednesday at $16.4 and closed at $15.3, a 9.3% drop from the closing price on Tuesday of $16.9. Investors may have been expecting even higher earnings and thus reacted with a selloff. Despite the stock drop, KANZHUN LIMITED is reporting strong financial results and looks to have a strong future ahead. Live Quote…
Analysis
As a finance technology company, GoodWhale is proud to offer a comprehensive analysis of KANZHUN LIMITED‘s financials. After our analysis, we have determined that KANZHUN LIMITED is a medium risk investment in terms of financial and business aspects, based on our Risk Rating. We have also detected 2 risk warnings in cashflow statement, non financial. To view all the warnings, please register on GoodWhale.com and check it out! More…
Peers
The competition between Kanzhun Ltd and its competitors, such as ZTO Express (Cayman) Inc, Frontier Group Holdings Inc, and JetBlue Airways Corp, is fierce in the current market. All companies are competing to offer the most competitive prices and the best services to their customers in order to gain a larger market share. As a result, the competition between these companies is expected to continue to be intense going forward.
– ZTO Express (Cayman) Inc ($SEHK:02057)
ZTO Express (Cayman) Inc is a leading express delivery company in China, providing express delivery and other value-added logistics services. The company has a market cap of 175.39B as of 2023, and a Return on Equity (ROE) of 9.7%. This market cap and ROE indicate that the company has seen significant growth over the past few years, indicating a positive outlook for its future. ZTO Express has a comprehensive network of express delivery services across China, with over 35,000 courier stations and over 500 million customers. The company has also diversified its business operations to include e-commerce and warehouse services. In addition, it has also invested in various technologies such as big data, cloud computing, and artificial intelligence to provide better customer experience.
– Frontier Group Holdings Inc ($NASDAQ:ULCC)
Frontier Group Holdings Inc is a publicly-traded telecommunications and media company that operates in the United States. The company’s current market capitalization stands at 2.2 billion dollars as of 2023. Frontier Group Holdings Inc’s Return on Equity (ROE) has been a negative 23.77%, which is reflective of their overall financial performance. This is indicative of a decrease in their shareholder’s equity due to greater losses and lower profitability. Frontier Group Holdings Inc is focused on providing integrated communications services for residential and business customers as well as delivering high-speed internet, television, and phone services.
– JetBlue Airways Corp ($NASDAQ:JBLU)
JetBlue Airways Corp is a US-based airline company that offers air travel services to over 100 destinations in the US, Caribbean, Central America, and South America. The company has a market cap of 2.1B as of 2023, indicating that it is a relatively large and established company. JetBlue’s Return on Equity (ROE) stands at -8.81%, which suggests a lack of profitability. This could be caused by a number of factors, including the airline industry’s susceptibility to economic downturns and changes in fuel prices. However, despite this, JetBlue has remained a successful airline with an extensive network of destinations.
Summary
The company reported Non-GAAP earnings per share of $0.08, beating the analyst consensus estimate by $0.02. Revenue of $186M beat estimates by $4.88M. Despite the better-than-expected results, the stock price moved down the same day. Investors should watch closely the company’s ability to maintain and grow its profitability in the coming quarters. Kanzhun Limited’s future financial performance will be key to determining its stock price movement and investor confidence.
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