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ZIM Integrated Shipping Services (ZIM) Gains As Market Dips: What You Should Know
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ZIM Integrated Shipping Services (ZIM - Free Report) closed at $12.84 in the latest trading session, marking a +0.31% move from the prior day. This move outpaced the S&P 500's daily loss of 0.2%. At the same time, the Dow lost 0.38%, and the tech-heavy Nasdaq lost 9.78%.
Coming into today, shares of the container shipping company had lost 7.51% in the past month. In that same time, the Transportation sector gained 10.25%, while the S&P 500 gained 4.16%.
Investors will be hoping for strength from ZIM Integrated Shipping Services as it approaches its next earnings release. On that day, ZIM Integrated Shipping Services is projected to report earnings of -$0.88 per share, which would represent a year-over-year decline of 107.95%. Our most recent consensus estimate is calling for quarterly revenue of $1.31 billion, down 61.92% from the year-ago period.
ZIM's full-year Zacks Consensus Estimates are calling for earnings of -$2.74 per share and revenue of $5.51 billion. These results would represent year-over-year changes of -107.14% and -56.13%, respectively.
It is also important to note the recent changes to analyst estimates for ZIM Integrated Shipping Services. 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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. The Zacks Consensus EPS estimate has moved 20.88% lower within the past month. ZIM Integrated Shipping Services currently has a Zacks Rank of #3 (Hold).
The Transportation - Shipping industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 217, which puts it in the bottom 14% 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.
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ZIM Integrated Shipping Services (ZIM) Gains As Market Dips: What You Should Know
ZIM Integrated Shipping Services (ZIM - Free Report) closed at $12.84 in the latest trading session, marking a +0.31% move from the prior day. This move outpaced the S&P 500's daily loss of 0.2%. At the same time, the Dow lost 0.38%, and the tech-heavy Nasdaq lost 9.78%.
Coming into today, shares of the container shipping company had lost 7.51% in the past month. In that same time, the Transportation sector gained 10.25%, while the S&P 500 gained 4.16%.
Investors will be hoping for strength from ZIM Integrated Shipping Services as it approaches its next earnings release. On that day, ZIM Integrated Shipping Services is projected to report earnings of -$0.88 per share, which would represent a year-over-year decline of 107.95%. Our most recent consensus estimate is calling for quarterly revenue of $1.31 billion, down 61.92% from the year-ago period.
ZIM's full-year Zacks Consensus Estimates are calling for earnings of -$2.74 per share and revenue of $5.51 billion. These results would represent year-over-year changes of -107.14% and -56.13%, respectively.
It is also important to note the recent changes to analyst estimates for ZIM Integrated Shipping Services. 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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. The Zacks Consensus EPS estimate has moved 20.88% lower within the past month. ZIM Integrated Shipping Services currently has a Zacks Rank of #3 (Hold).
The Transportation - Shipping industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 217, which puts it in the bottom 14% 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.