ZIP - ZipRecruiter Revenue Beats But Broader Trends Paint A Grim Picture
2024-05-30 15:39:59 ET
Summary
- ZipRecruiter, Inc. reported beating revenue expectations for Q1 2024.
- The global market for online recruitment expected to reach $58.2 billion by 2030, growing at a solid expected rate.
- ZipRecruiter stock performance has been poor, with negative revenue growth and recently a turn to operating loss.
- I don't see any meaningful organic catalyst in the near term, so my outlook on ZipRecruiter is to Sell.
Investment Outlook
ZipRecruiter, Inc. ( ZIP ) reported its Q1 2024 results on May 9, beating revenue expectations for the quarter....
ZipRecruiter Revenue Beats, But Broader Trends Paint A Grim Picture