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ZIM Integrated Shipping Services Ltd. (ZIM) - free report >>
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ZIM Integrated Shipping Services Ltd. (ZIM) - free report >>
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ZIM Integrated Shipping Services (ZIM) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, ZIM Integrated Shipping Services (ZIM - Free Report) closed at $37.51, marking a -1.37% move from the previous day. This move lagged the S&P 500's daily gain of 1.52%.
Prior to today's trading, shares of the container shipping company had lost 12.62% over the past month. This has lagged the Transportation sector's loss of 2.67% and the S&P 500's gain of 2.41% in that time.
Investors will be hoping for strength from ZIM as it approaches its next earnings release.
ZIM's full-year Zacks Consensus Estimates are calling for earnings of $18.23 per share and revenue of $7.11 billion. These results would represent year-over-year changes of +267.54% and +78.07%, respectively.
It is also important to note the recent changes to analyst estimates for ZIM. These revisions help to show the ever-changing nature 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. ZIM currently has a Zacks Rank of #2 (Buy).
Looking at its valuation, ZIM is holding a Forward P/E ratio of 2.09. This represents a discount compared to its industry's average Forward P/E of 5.47.
The Transportation - Shipping industry is part of the Transportation sector. This group has a Zacks Industry Rank of 67, putting it in the top 27% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.