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ZIM Integrated Shipping Services (ZIM) Dips More Than Broader Markets: What You Should Know
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ZIM Integrated Shipping Services (ZIM - Free Report) closed the most recent trading day at $24.80, moving -1.08% from the previous trading session. This change lagged the S&P 500's daily loss of 1.03%. Meanwhile, the Dow lost 1.15%, and the Nasdaq, a tech-heavy index, added 0.39%.
Prior to today's trading, shares of the container shipping company had lost 20.36% over the past month. This has lagged the Transportation sector's loss of 8.37% and the S&P 500's loss of 3.51% in that time.
ZIM Integrated Shipping Services will be looking to display strength as it nears its next earnings release. On that day, ZIM Integrated Shipping Services is projected to report earnings of $10.04 per share, which would represent a year-over-year decline of 17.43%. Meanwhile, our latest consensus estimate is calling for revenue of $3.3 billion, up 5.18% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $39.10 per share and revenue of $12.95 billion, which would represent changes of +0.21% and +20.66%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for ZIM Integrated Shipping Services. These recent revisions tend to reflect the evolving nature of short-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 shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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. The Zacks Consensus EPS estimate has moved 3.8% lower within the past month. ZIM Integrated Shipping Services is holding a Zacks Rank of #5 (Strong Sell) right now.
Investors should also note ZIM Integrated Shipping Services's current valuation metrics, including its Forward P/E ratio of 0.64. This valuation marks a discount compared to its industry's average Forward P/E of 3.12.
The Transportation - Shipping industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 78, which puts it in the top 31% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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ZIM Integrated Shipping Services (ZIM) Dips More Than Broader Markets: What You Should Know
ZIM Integrated Shipping Services (ZIM - Free Report) closed the most recent trading day at $24.80, moving -1.08% from the previous trading session. This change lagged the S&P 500's daily loss of 1.03%. Meanwhile, the Dow lost 1.15%, and the Nasdaq, a tech-heavy index, added 0.39%.
Prior to today's trading, shares of the container shipping company had lost 20.36% over the past month. This has lagged the Transportation sector's loss of 8.37% and the S&P 500's loss of 3.51% in that time.
ZIM Integrated Shipping Services will be looking to display strength as it nears its next earnings release. On that day, ZIM Integrated Shipping Services is projected to report earnings of $10.04 per share, which would represent a year-over-year decline of 17.43%. Meanwhile, our latest consensus estimate is calling for revenue of $3.3 billion, up 5.18% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $39.10 per share and revenue of $12.95 billion, which would represent changes of +0.21% and +20.66%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for ZIM Integrated Shipping Services. These recent revisions tend to reflect the evolving nature of short-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 shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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. The Zacks Consensus EPS estimate has moved 3.8% lower within the past month. ZIM Integrated Shipping Services is holding a Zacks Rank of #5 (Strong Sell) right now.
Investors should also note ZIM Integrated Shipping Services's current valuation metrics, including its Forward P/E ratio of 0.64. This valuation marks a discount compared to its industry's average Forward P/E of 3.12.
The Transportation - Shipping industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 78, which puts it in the top 31% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.