ZIM Integrated Shipping Services (ZIM) Declines More Than Market: Some Information for Investors

ZIM Integrated Shipping Services (ZIM) closed at $25.88 in the latest trading session, marking a -1.18% move from the prior day. This change lagged the S&P 500's daily loss of 0.4%. At the same time, the Dow added 0.11%, and the tech-heavy Nasdaq lost 0.73%.

The stock of container shipping company has fallen by 9.16% in the past month, leading the Transportation sector's loss of 10.79% and undershooting the S&P 500's loss of 7.34%.

The investment community will be paying close attention to the earnings performance of ZIM Integrated Shipping Services in its upcoming release. The company is predicted to post an EPS of -$1.53, indicating a 162.45% decline compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $1.37 billion, showing a 31.71% drop compared to the year-ago quarter.

Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$7.27 per share and revenue of $5.09 billion. These totals would mark changes of -336.04% and -26.24%, respectively, from last year.

Additionally, investors should keep an eye on any recent revisions to analyst forecasts for ZIM Integrated Shipping Services. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.

Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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.

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 remained stagnant within the past month. ZIM Integrated Shipping Services is currently a Zacks Rank #3 (Hold).

The Transportation - Shipping industry is part of the Transportation sector. With its current Zacks Industry Rank of 73, this industry ranks in the top 30% of all industries, numbering over 250.

The Zacks Industry Rank is ordered 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.

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ZIM Integrated Shipping Services Ltd. (ZIM): Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

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