ZipRecruiter Shares Up 4% on Q1 Earnings Beat and Raise

2022.05.12 00:25

ZipRecruiter Shares Up 4% on Q1 Earnings Beat and Raise

Ziprecruiter Inc (NYSE:ZIP) shares were trading around 4% higher after-hours Wednesday following the company’s Q1 earnings results and raised 2022 guidance.

Quarterly EPS came in at $0.07, better than the consensus estimate of $0.00. Revenue grew 81% year-over-year to $227 million, beating the consensus estimate of $220.95 million.

The company expects Q2/22 revenue in the range of $231-257 million, compared to the consensus estimate of $224.65 million. For the full 2022-year, the company expects revenue in the range of $908-922 million, compared to the consensus estimate of $892.98 million.

Shares of ZipRecruiter were down 34% year-to-date going into the results.

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