ZipRecruiter (ZIP) PT Lowered to $18 at JPMorgan

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Go back to ZipRecruiter (ZIP) PT Lowered to $18 at JPMorgan

ZipRecruiter (ZIP) plunges on very weak guidance; earns a downgrade

February 22, 2023 6:48 AM EST

ZipRecruiter (NYSE: ZIP) shares are trading more than 15% lower in pre-market Wednesday after the company offered a worse-than-expected revenue forecast.

ZipRecruiter posted an EPS of $0.17 on revenue of $210.5 million, beating the average analyst consensus for earnings of $0.09 on sales of $204M. For this quarter, the company guided to an adjusted Ebitda of $25M (up or down $3M) on revenue of $179M (up or down $3M). Analysts were expecting FQ1 revenue of... More