Yahoo Finance ZIM Integrated Shipping Services First Quarter 2024 Earnings: Misses Expectations
ZIM Integrated Shipping Services (NYSE:ZIM) First Quarter 2024 Results
Key Financial Results
Revenue: US$1.56b (up 14% from 1Q 2023).
Net income: US$90.3m (up from US$59.5m loss in 1Q 2023).
Profit margin: 5.8% (up from net loss in 1Q 2023).
EPS: US$0.75 (up from US$0.49 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
ZIM Integrated Shipping Services Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 3.8%. Earnings per share (EPS) also missed analyst estimates by 51%.
Looking ahead, revenue is forecast to decline by 1.2% p.a. on average during the next 3 years, while revenues in the Shipping industry in the US are expected to remain flat.
Performance of the American Shipping industry.
The company's shares are up 1.7% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 1 warning sign for ZIM Integrated Shipping Services that you should be aware of.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
