51job, Inc. (JOBS) Gets the Job Done

There are now 183,446 unique employers using 51job to fill up their vacancies, and that’s 18% more than the number of companies relying on 51job a year ago. Sure, that also means that the average employer is spending less through 51job, but the point here is that the website operator hasn’t lost its relevancy.

Like most of the Chinese Internet companies that have already issued guidance for the current quarter, 51job is expecting a sequential dip this quarter. This is what happens when the sleepy Chinese New Year comes 18 days later than it did a year earlier. However, even the $0.63 a share to $0.71 a share in adjusted earnings and the $61 million to $64.2 million in revenue that 51jobs is forecasting are above Wall Street’s targets.

As China’s economy continues to grow faster than the world on average, 51job is in the right place at the right time.

The article 51job Gets the Job Done originally appeared on Fool.com and is written by Rick Aristotle Munarriz.

Longtime Fool contributor Rick Aristotle Munarriz has no position in any stocks mentioned. The Motley Fool recommends 51job, LinkedIn, and SINA. The Motley Fool owns shares of LinkedIn.

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