Yahoo Finance ZIM Integrated Shipping Services (ZIM) Stock Falls Amid Market Uptick: What Investors Need to Know
ZIM Integrated Shipping Services (ZIM) closed the latest trading day at $11.47, indicating a -0.43% change from the previous session's end. This change lagged the S&P 500's 0.02% gain on the day. Elsewhere, the Dow lost 0.11%, while the tech-heavy Nasdaq added 0.1%.
The container shipping company's stock has climbed by 17.79% in the past month, exceeding the Transportation sector's loss of 6.69% and the S&P 500's loss of 3.01%.
The investment community will be paying close attention to the earnings performance of ZIM Integrated Shipping Services in its upcoming release. The company's upcoming EPS is projected at $0.94, signifying a 288% increase compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $1.59 billion, up 15.49% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.33 per share and revenue of $6.03 billion. These totals would mark changes of +106.51% and +16.81%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for ZIM Integrated Shipping Services. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. ZIM Integrated Shipping Services is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that ZIM Integrated Shipping Services has a Forward P/E ratio of 34.56 right now. This denotes a premium relative to the industry's average Forward P/E of 7.67.
The Transportation - Shipping industry is part of the Transportation sector. This industry, currently bearing a Zacks Industry Rank of 62, finds itself in the top 25% echelons 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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ZIM Integrated Shipping Services Ltd. (ZIM) : Free Stock Analysis Report
