The latest trading session saw ZIM Integrated Shipping Services (ZIM – Free Report) ending at $15.47, denoting a +1.78% adjustment from its last day’s close. The stock outperformed the S&P 500, which registered a daily loss of 1.12%. Meanwhile, the Dow experienced a drop of 0.31%, and the technology-dominated Nasdaq saw a decrease of 2.04%.
The the stock of container shipping company has fallen by 31.35% in the past month, lagging the Transportation sector’s loss of 3.72% and the S&P 500’s loss of 2.91%.
Analysts and investors alike will be keeping a close eye on the performance of ZIM Integrated Shipping Services in its upcoming earnings disclosure. On that day, ZIM Integrated Shipping Services is projected to report earnings of $1.95 per share, which would represent year-over-year growth of 160%. At the same time, our most recent consensus estimate is projecting a revenue of $1.91 billion, reflecting a 21.99% rise from the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.13 per share and revenue of $6.74 billion, indicating changes of -93.66% and -20%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for ZIM Integrated Shipping Services. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company’s business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 62.28% lower. ZIM Integrated Shipping Services is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, ZIM Integrated Shipping Services currently has a Forward P/E ratio of 13.49. This signifies a premium in comparison to the average Forward P/E of 8.92 for its industry.
One should further note that ZIM currently holds a PEG ratio of 0.51. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company’s anticipated earnings growth rate. As the market closed yesterday, the Transportation – Shipping industry was having an average PEG ratio of 0.87.
The Transportation – Shipping industry is part of the Transportation sector. This industry, currently bearing a Zacks Industry Rank of 170, finds itself in the bottom 33% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow ZIM in the coming trading sessions, be sure to utilize Zacks.com.
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