ZIP Earnings Prediction
The chart below shows how ZIP performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ZIP sees a +3.07% change in stock price 10 days leading up to the earnings, and a -3.86% change 10 days following the report. On the earnings day itself, the stock moves by -1.66%. This data can give you a slight idea of what to expect for the next quarter's release.
ZIP Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
117.08M
-24.77%
-5.32%
Gross Margin
89.42%
-1.37%
-0.12%
Operating Margin
-2.77%
-113.20%
-136.35%
Net Margin
-2.20%
-114.22%
-138.80%
EPS
-0.03
-113.04%
-142.86%
No Data Available
ZIP Earnings Analysis
ZipRecruiter, Inc. Corporation (ZIP.N) Earnings Conference Call
Positive
Revenue Decline and EBITDA Margin: In Q3 2024, revenue of $117.1 million was down 25% year-over-year, but adjusted EBITDA was $15 million, equating to a net loss margin of negative 2% and an adjusted EBITDA margin of 13%.
Strong Revenue and EBITDA Performance: Notably, both revenue and adjusted EBITDA in the quarter came in above the high end of guidance.
Strategic Investment for Success: We continue to balance financial strength with investing in strategic initiatives that we believe will drive a strong ROI positioning ZipRecruiter for success with job seekers and employers alike.
Brand Investment and Trust: Our multi-year investments in brand, advancements with Fill, our AI-driven career advisor, and focus on matching technology have all played a role in winning trust and loyalty with job seekers.
Web Traffic Growth: In Q3, total ZipRecruiter web traffic as measured by similar web in the US grew by 21% year-over-year, which is at least 13 percentage points more than any of our largest competitors.
Negative
Q3 2024 Revenue Decline: Revenue in Q3 2024 was $117.1 million, down 25% year-over-year, primarily due to reduced demand from SMBs with continued uncertainty and volatility in the labor market.
Quarterly Net Loss Analysis: Net loss in Q3 was $2.6 million, compared to net income of $24.1 million in Q3 2023 and net income of $7 million in Q2 2024.
Employer Count Decline: Quarterly paid employers were 65,000, representing a 27% decrease versus Q3 2023 and a 7% sequential decrease.
EBITDA Margin Decline: Adjusted EBITDA was $15 million, equating to a margin of 13%, compared to $54.4 million with a margin of 35% in Q3 2023.
Revenue Guidance Decline: Q4 2024 revenue guidance of $107 million represents a 21% decline year-over-year and a 9% quarter-over-quarter decline.
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ZIP Earning Call Sentiment
ZipRecruiter, Inc. (ZIP) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
ZIP.N
4.2%Positive
The earnings call reflects a negative outlook due to a significant year-over-year revenue decline, increased net loss, and reduced demand from SMBs. Despite some positive product developments and enterprise customer resilience, the guidance for Q4 2024 shows further revenue decline, and the company is facing a labor market downturn. No share repurchase program was announced, and competitive pressures persist. The Q&A section did not provide strong positive insights to offset these challenges, leading to a negative sentiment rating.
