Kanzhun Limited (BZ) skyrocketed in the current market after announcing the date for the fourth quarter and fiscal 2021 results. BZ values at $24.79, gaining more than 34.44% compared to the previous closing price. The stock closed at $18.44 at the end of the last trading session. The stock volume traded in the previous trading session was around 4.15 million shares. The current market cap of the company is about $10.31 billion.
BZ: Fourth Quarter Release Date Announcement
Kanzhun Limited (BZ) owns Chinese internet recruiting leader BOSS Zhipin. A disruptive tool that fosters two-way conversation emphasizes intelligent suggestions and generates new situations in online hiring. The Company was founded eight years ago and has grown rapidly. BOSS Zhipin has established tremendous network effects to increase recruiting efficiency and accelerate growth.
The company announced in a press release that it would report its unaudited consolidated fourth quarter and fiscal 2021 results on March 23, 2022, before the market opens on Wednesday. The company’s management will hold the conference at 8:00 AM US Eastern Time on March 23, 2022.
BZ: Share Repurchase Program
Kanzhun Limited (BZ) recently announced that its board had approved a share repurchase program of up to US$150 million. The company will buy shares in the next twelve months.
Preliminary market pricing, private negotiations block trades, and other legally permitted procedures may be used by the Company to make proposed repurchases from time to time. The Company’s board of directors may modify this program.
BZ: Q3 Key Financials (CNY)
- The company reported a revenue of CNY 1.21 billion in Q3, representing a 105% increase in year/year change.
- BZ announced a net income of CNY 286.17 million, with a massive increase of 746% compared to the same quarter last year.
- Its EPS in Q3 was 0.62 gaining 214% year/year.
- The company has CNY 10.76 billion in cash and cash equivalents as of the third quarter.
Conclusion
The company is looking forward to announcing robust fiscal 2021 results. The previous results show that the company must have the same growth rate as in the quarters. The company’s share repurchase program shows that it is keen on giving back the value to its shareholders.
