ZIM Integrated Shipping Services (ZIM) closed the most recent trading day at $15.57, moving -1.14% from the previous trading session. The stock trailed the S&P 500, which registered a daily loss of 0.4%. Meanwhile, the Dow experienced a drop of 0.98%, and the technology-dominated Nasdaq saw an increase of 0.18%.
Shares of the container shipping company witnessed a loss of 12.6% over the previous month, trailing the performance of the Transportation sector with its gain of 4.86%, and the S&P 500's gain of 4.97%.
Investors will be eagerly watching for the performance of ZIM Integrated Shipping Services in its upcoming earnings disclosure. The company is expected to report EPS of $1.05, down 65.91% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.69 billion, down 12.42% from the year-ago period.
ZIM's full-year Zacks Consensus Estimates are calling for earnings of $2.22 per share and revenue of $6.71 billion. These results would represent year-over-year changes of -87.54% and -20.37%, respectively.
Investors might also notice recent changes to analyst estimates for ZIM Integrated Shipping Services. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Right now, ZIM Integrated Shipping Services possesses a Zacks Rank of #3 (Hold).
In the context of valuation, ZIM Integrated Shipping Services is at present trading with a Forward P/E ratio of 7.08. For comparison, its industry has an average Forward P/E of 9, which means ZIM Integrated Shipping Services is trading at a discount to the group.
Investors should also note that ZIM has a PEG ratio of 0.27 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Transportation - Shipping industry had an average PEG ratio of 1.05.
The Transportation - Shipping industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 29, which puts it in the top 12% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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ZIM Integrated Shipping Services Ltd. (ZIM): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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