ZIM Integrated Shipping Services (ZIM) ended the recent trading session at $21.36, demonstrating a -5.9% change from the preceding day's closing price. This change lagged the S&P 500's daily loss of 0.06%. Meanwhile, the Dow lost 0.17%, and the Nasdaq, a tech-heavy index, lost 0.06%.
The stock of container shipping company has risen by 17.92% in the past month, leading the Transportation sector's gain of 2.21% and the S&P 500's gain of 1.99%.
The investment community will be paying close attention to the earnings performance of ZIM Integrated Shipping Services in its upcoming release. It is anticipated that the company will report an EPS of -$1, marking a 121.46% fall compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $1.41 billion, indicating a 34.92% downward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.67 per share and revenue of $6.83 billion, which would represent changes of -85.02% and 0%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for ZIM Integrated Shipping Services. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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. ZIM Integrated Shipping Services presently features a Zacks Rank of #3 (Hold).
The Transportation - Shipping industry is part of the Transportation sector. Currently, this industry holds a Zacks Industry Rank of 106, positioning it in the top 44% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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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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