In the latest market close, ZIM Integrated Shipping Services (ZIM) reached $13.60, with a +1.04% movement compared to the previous day. This change outpaced the S&P 500's 0.44% gain on the day. On the other hand, the Dow registered a gain of 0.7%, and the technology-centric Nasdaq increased by 0.27%.
Shares of the container shipping company witnessed a gain of 14.94% over the previous month, beating the performance of the Transportation sector with its gain of 5.96% and the S&P 500's gain of 10.62%.
The investment community will be paying close attention to the earnings performance of ZIM Integrated Shipping Services in its upcoming release. The company is slated to reveal its earnings on May 19, 2025. The company is forecasted to report an EPS of $1.66, showcasing a 121.33% upward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $1.73 billion, showing a 10.99% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $0.85 per share and a revenue of $6.53 billion, demonstrating changes of -95.23% and -22.54%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for ZIM Integrated Shipping Services. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 24.85% lower. ZIM Integrated Shipping Services is currently sporting 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 15.9. This signifies a premium in comparison to the average Forward P/E of 9.44 for its industry.
One should further note that ZIM currently holds a PEG ratio of 0.61. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Transportation - Shipping industry had an average PEG ratio of 0.91 as trading concluded yesterday.
The Transportation - Shipping industry is part of the Transportation sector. This group has a Zacks Industry Rank of 222, putting it in the bottom 11% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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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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