We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
ZIM Integrated Shipping Services (ZIM) Gains As Market Dips: What You Should Know
Read MoreHide Full Article
ZIM Integrated Shipping Services (ZIM - Free Report) closed the most recent trading day at $23.49, moving +1.78% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.75%. Meanwhile, the Dow lost 0.39%, and the Nasdaq, a tech-heavy index, added 0.13%.
Prior to today's trading, shares of the container shipping company had lost 1.79% over the past month. This has lagged the Transportation sector's gain of 3.98% and the S&P 500's gain of 4.98% in that time.
Wall Street will be looking for positivity from ZIM Integrated Shipping Services as it approaches its next earnings report date. This is expected to be November 16, 2022. On that day, ZIM Integrated Shipping Services is projected to report earnings of $9.46 per share, which would represent a year-over-year decline of 22.2%. Meanwhile, our latest consensus estimate is calling for revenue of $3.01 billion, down 4.05% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $38.03 per share and revenue of $12.5 billion. These totals would mark changes of -2.54% and +16.48%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for ZIM Integrated Shipping Services. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 6.43% lower. ZIM Integrated Shipping Services is currently sporting a Zacks Rank of #5 (Strong Sell).
Investors should also note ZIM Integrated Shipping Services's current valuation metrics, including its Forward P/E ratio of 0.61. For comparison, its industry has an average Forward P/E of 3.32, which means ZIM Integrated Shipping Services is trading at a discount to the group.
The Transportation - Shipping industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 60, which puts it in the top 24% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
ZIM Integrated Shipping Services (ZIM) Gains As Market Dips: What You Should Know
ZIM Integrated Shipping Services (ZIM - Free Report) closed the most recent trading day at $23.49, moving +1.78% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.75%. Meanwhile, the Dow lost 0.39%, and the Nasdaq, a tech-heavy index, added 0.13%.
Prior to today's trading, shares of the container shipping company had lost 1.79% over the past month. This has lagged the Transportation sector's gain of 3.98% and the S&P 500's gain of 4.98% in that time.
Wall Street will be looking for positivity from ZIM Integrated Shipping Services as it approaches its next earnings report date. This is expected to be November 16, 2022. On that day, ZIM Integrated Shipping Services is projected to report earnings of $9.46 per share, which would represent a year-over-year decline of 22.2%. Meanwhile, our latest consensus estimate is calling for revenue of $3.01 billion, down 4.05% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $38.03 per share and revenue of $12.5 billion. These totals would mark changes of -2.54% and +16.48%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for ZIM Integrated Shipping Services. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 6.43% lower. ZIM Integrated Shipping Services is currently sporting a Zacks Rank of #5 (Strong Sell).
Investors should also note ZIM Integrated Shipping Services's current valuation metrics, including its Forward P/E ratio of 0.61. For comparison, its industry has an average Forward P/E of 3.32, which means ZIM Integrated Shipping Services is trading at a discount to the group.
The Transportation - Shipping industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 60, which puts it in the top 24% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.