Zhaopin Ltd (ADR) (ZPIN) is Downgraded by Credit Suisse to Underperform

Zhaopin Ltd (ADR) (ZPIN) was Downgraded by Credit Suisse to ” Underperform”. Earlier the firm had a rating of “Neutral ” on the company shares. Credit Suisse advised their investors in a research report released on May 26, 2016.

On the company’s financial health, Zhaopin Ltd (ADR) reported $0.16 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on May 23, 2016. Analyst had a consensus of $0.19. The company had revenue of $378.10 million for the quarter, compared to analysts expectations of $370.28 million. The company’s revenue was up 19.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 EPS.

Zhaopin Ltd (ADR) closed down -0.16 points or -1.04% at $15.29 with 16,650 shares getting traded on Wednesday. Post opening the session at $15.35, the shares hit an intraday low of $15.25 and an intraday high of $15.39 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Zhaopin Limited is a holding company. The Company is a career platform in China focusing on connecting users with relevant job opportunities throughout their career lifecycle. The Company’s zhaopin.com Website is a career-focused Website in China. The Company provides a range of services including online recruitment campus recruitment assessment and other human resources related services. Through its zhaopin Websites and mobile applications it provides classified job postings and display advertisements resume access services and other online services. The Company provides campus recruitment services primarily to customers seeking to recruit college and university students. These services include selecting campuses organizing recruiting events collecting and managing resumes and conducting interviews and assessment tests with candidates.

Zhaopin Ltd (ADR)

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