ZIM Integrated (ZIM) Extends Run to 7th Day Ahead of Q3 Earnings

We recently published 10 Firms Shining Bright in a Bleeding Market. ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) is one of the best-performing stocks on Monday.

ZIM Integrated extended its winning streak to a 7th straight day on Monday, adding 6.18 percent to close at $17.01 apiece as investors gobbled up shares ahead of the results of its earnings performance for the third quarter of the year.

In a statement, ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) said it is scheduled to release its financial and operating highlights before market open on Thursday, November 20. It will host a conference call to elaborate on the results.

For the full-year period, ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) is targeting to achieve a range of $1.8 billion to $2.2 billion in adjusted EBITDA, or a raise of the lower end of the range versus $1.6 billion previously.

Adjusted EBIT is also expected to hit $550 million and $950 million, also an upgrade of the lower end range from the $350 million prior.

Founded in Israel in 1945, ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) is a global container liner shipping company with established operations in more than 100 countries serving approximately 33,000 customers in over 330 ports worldwide.

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Disclosure: None. This article is originally published at Insider Monkey.