ZIM Integrated Shipping Services (ZIM) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following year ...

Core Insights - ZIM Integrated Shipping Services is experiencing significant benefits from high freight rates due to the Red Sea crisis, alongside shareholder-friendly initiatives [1][6]. Financial Performance - ZIM's earnings estimates have been revised upward by 35.7% for the current year and 126.7% for the next year, indicating strong broker confidence [2]. - The company's shares have surged 103.6% year to date, outperforming the industry growth of 13.4% [3]. - Revenues for the first nine months of 2024 increased by 58.2% year-over-year to $6.26 billion, with EBIT turning to a profit of $1.89 billion compared to a loss of $373 million in the same period of 2023 [7]. - Carried volumes rose by 10.9%, and average freight rates increased by 53% year-over-year during the same timeframe [7]. Operational Strategy - ZIM focuses on niche markets and high-margin trade routes, which helps maintain strong pricing power and avoid low-margin segments [8]. - Investments in digitalization and innovative technologies have enhanced operational efficiency and profitability, allowing ZIM to capitalize on trends like eco-friendly shipping solutions [8]. Shareholder Returns - The company returns 30% of its quarterly net income to shareholders, declaring a regular dividend of approximately $340 million or $2.81 per share in Q3 2024, which tripled quarter over quarter [9][10]. - A special dividend of approximately $100 million, translating to 84 cents per share, was also declared [10].

HAIFA, Israel, Dec. 2, 2024 /PRNewswire/ -- ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) ("ZIM" or the "Company"), a global container liner shipping company, hereby updates that in connection with the regular and special dividend distributions, both expected to take place on December 9, 2024, as previously announced by the Company on November 20, 2024 (the "Dividends"), the previously obtained tax ruling from the Israeli Tax Authority ("ITA") on tax withholding procedures relating to the payment of the ...

For Immediate ReleasesChicago, IL – November 29, 2024 – Zacks.com announces the list of stocks and featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include including Matthews International Corp. (MATW) , ZIM Integrated Shipping Services Ltd. (ZIM) , Quanta Services, Inc. (PWR) and Orange County Bancorp, Inc. (OBT) .Here are highlights from Friday’s Analyst Blog:4 Stoc ...

ZIM Integrated Shipping Services Ltd. (NYSE: ZIM ) is up over 200% in the last year, thanks to strong results and improved shipping rates. The company also announced a special dividend after their last earnings.The Pragmatic Investor covers global macro, international equities, commodities, tech and cryptocurrencies and is designed to guide investors of all levels in their journey. Features include a The Pragmatic Investor Portfolio, weekly market update newsletter, actionable trades, technical analysis, an ...

Group 1 - Momentum investing focuses on "buying high and selling higher" rather than traditional strategies of "buying low and selling high" [1] - Fast-moving trending stocks can be risky if their valuations exceed future growth potential, leading to potential losses for investors [2] - Investing in bargain stocks with recent price momentum can be a safer strategy, utilizing tools like the Zacks Momentum Style Score to identify such opportunities [3] Group 2 - ZIM Integrated Shipping Services (ZIM) has shown significant price momentum, with a four-week price change of 6.9% and a 30.3% increase over the past 12 weeks [4][5] - ZIM's stock has a beta of 1.88, indicating it moves 88% more than the market, suggesting strong momentum [5] - ZIM has a Momentum Score of A, indicating a favorable time to invest, and it also holds a Zacks Rank 1 (Strong Buy) due to upward earnings estimate revisions [6][7] Group 3 - ZIM is trading at a low Price-to-Sales ratio of 0.39, meaning investors pay only 39 cents for each dollar of sales, indicating a reasonable valuation [7] - The stock has potential for further growth, supported by its fast-paced momentum characteristics [8] - Other stocks also meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, providing additional investment opportunities [8]

Zim Integrated Shipping Services (ZIM 0.86%) reported a better-than-expected third quarter on Wednesday, and news of the company's performance pushed its share price marginally higher. Double-digit gains during the trading session moderated toward the close, but the stock ended the day with a nearly 1% increase. That compared favorably to the flat line that was the S&P 500 (^GSPC 0.40%).A very memorable quarterIt was a beat-and-raise quarter for Zim, which saw its revenue more than double year over year. It ...

I am mostly a trader engaging in both long and short bets intraday and occasionally over the short- to medium term. My historical focus has been mostly on tech stocks but over the past couple of years I have also started broad coverage of the offshore drilling and supply industry as well as the shipping industry in general (tankers, containers, drybulk). In addition, I am having a close eye on the still nascent fuel cell industry.I am located in Germany and have worked quite some time as an auditor for Pric ...

Financial Performance - Q3 2024 - Revenue reached $2.77 billion, a 117% increase year-over-year[12] - Adjusted EBITDA was $1.53 billion, a 626% increase year-over-year, with a 55% margin[12] - Net income was $1.13 billion, compared to a net loss of $2.27 billion in Q3 2023, achieving a 45% margin[12, 13] - Cash flow from operations was $1.50 billion, a 343% increase year-over-year[12] Financial Position - Total liquidity stood at $3.12 billion[12] - Total equity was $3.93 billion as of September 30, 2024[12] - Net debt was $2.698 billion, with a net leverage ratio of 0.9x[22] Guidance and Dividends - The company raised its full-year 2024 Adjusted EBITDA guidance to $3.3 billion - $3.6 billion[15] - The company raised its full-year 2024 Adjusted EBIT guidance to $2.15 billion - $2.45 billion[15] - A Q3 2024 dividend of $3.65 per share was declared, comprising a regular dividend of $2.81 and a special dividend of $0.84[17] Operational Highlights - Carried volume increased to 970K TEUs in Q3 2024, a 12% increase year-over-year[22] - The average freight rate was $2,480 per TEU, a 118% increase year-over-year[22]

Company Performance - ZIM Integrated Shipping Services reported quarterly earnings of $9.34 per share, exceeding the Zacks Consensus Estimate of $7.45 per share, and a significant improvement from a loss of $1.97 per share a year ago, representing an earnings surprise of 25.37% [1] - The company posted revenues of $2.77 billion for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 24.98%, compared to revenues of $1.27 billion in the same quarter last year [2] - Over the last four quarters, ZIM has surpassed consensus EPS estimates three times and has topped consensus revenue estimates three times as well [2] Stock Performance - ZIM shares have increased approximately 171.3% since the beginning of the year, significantly outperforming the S&P 500's gain of 24.1% [4] - The current consensus EPS estimate for the upcoming quarter is $2.23 on revenues of $1.8 billion, and for the current fiscal year, it is $13.65 on revenues of $7.51 billion [8] Industry Outlook - The Transportation - Shipping industry, to which ZIM belongs, is currently ranked in the bottom 20% of over 250 Zacks industries, indicating potential challenges ahead [9] - The earnings outlook for ZIM is favorable, with a Zacks Rank of 1 (Strong Buy), suggesting that the shares are expected to outperform the market in the near future [7]