HeadHunter Rises On Better Results And Outlook Than Analysts’ View

Shares of HeadHunter Group PLC (HHR) are rising more than 11% Monday morning after reporting better-than-expected third quarter results. The company also provided full-year revenue growth outlook, higher than analysts’ view.

Net income for the third quarter increased to RUB1.768 billion or $24.3 million from RUB585.34 million in the same quarter a year ago.

EPS was RUB33.82 or $0.46 compared with RUB10.84 a year ago. Analysts polled by Thomson Reuters expected the company to reort earnings of $0.38 per share.

Excluding one-time items, earnings were RUB2.051 billion or $28.2 million

Revenue for the quarter jumped 103.2% year-over-year to RUB4.69 billion or $64.5 million, on continuing high demand for candidates. The consensus estimate was for $59.25 million.

The company expects its revenue to grow in the range of 81% to 84% in year 2021 year-over-year. Analysts see revenue growth of $78% for the period.

HHR is at $64.39 currently. It has traded in the range of $24.01- $68.18 in the past 52 weeks.

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