ZIM Integrated Shipping Services (ZIM) came out with quarterly earnings of $3.08 per share, beating the Zacks Consensus Estimate of $2.07 per share. This compares to loss of $1.37 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 48.79%. A quarter ago, it was expected that this container shipping company would post earnings of $1.09 per share when it actually produced earnings of $0.75, delivering a surprise of -31.19%. Over th ...

7 Income from voyages and related services 8 Operating expenses and cost of services | --- | --- | --- | --- | --- | --- | --- | |-------------------------------------------------------|-----------|--------------------|--------------------------------------|-----------------------------------|------------------|---------| | | Level 1 | 2024 \nLevel 3 | Balance at \nUS $ in \nTotal | June 30, \nmillions \nLevel 1 | 2023 \nLevel 3 | Total | | Fair value through profit and loss | | | | | | | | Cash and cash eq ...

Reported Revenues of $1.93 Billion, Net Income of $373 Million, Adjusted EBITDA1 of $766 Million and Adjusted EBIT of $488 Million2; Achieved Adjusted EBITDA and Adjusted EBIT Margins of 40% and 25%, Respectively Achieved 11% Volume Growth with Record Carried Volume of 952 Thousand TEUs Increased Full Year 2024 Guidance to Adjusted EBITDA of $2.6 Billion to $3.0 Billion and Adjusted EBIT of $1.45 Billion to $1.85 Billion3 Declared Dividend of $112 million, or $0.93 per Share HAIFA, Israel, Aug. 19, 2024 /PR ...

The most recent trading session ended with ZIM Integrated Shipping Services (ZIM) standing at $19.06, reflecting a -1.19% shift from the previouse trading day's closing. The stock's performance was behind the S&P 500's daily gain of 0.38%. Meanwhile, the Dow experienced a rise of 0.61%, and the technology-dominated Nasdaq saw an increase of 0.03%. Shares of the container shipping company witnessed a gain of 5.41% over the previous month, beating the performance of the Transportation sector with its loss of ...

ZIM Integrated Shipping Services (ZIM) is slated to release second-quarter 2024 results on Aug 19, before market open. The Zacks Consensus Estimate for second-quarter 2024 earnings is currently pegged at $2.07 per share, implying a 252% surge from the year-ago figure. The Zacks Consensus Estimate for second-quarter 2024 revenues is currently pegged at $1.59 billion, indicating a 21.3% year-over-year increase. ZIM Integrated Shipping, which went public in February 2021, surpassed the Zacks Consensus Estimate ...

Core Viewpoint - Investors in the Transportation - Shipping sector should consider ZIM Integrated Shipping Services (ZIM) and Kirby (KEX) as potential value opportunities, with ZIM currently appearing to offer better value based on various financial metrics [1][7]. Valuation Metrics - ZIM has a forward P/E ratio of 2.99, significantly lower than KEX's forward P/E of 20.65, indicating ZIM may be undervalued [5]. - The PEG ratio for ZIM is 0.09, compared to KEX's PEG ratio of 0.69, suggesting ZIM has a more favorable earnings growth outlook relative to its price [5]. - ZIM's P/B ratio stands at 0.88, while KEX has a P/B ratio of 2.02, further indicating ZIM's stock may be undervalued compared to its book value [6]. Earnings Outlook - Both ZIM and KEX have a Zacks Rank of 2 (Buy), reflecting an improving earnings outlook due to positive analyst estimate revisions [3]. - The Zacks Rank emphasizes earnings estimates, which is a critical factor for value investors [2]. Value Grades - ZIM holds a Value grade of A, while KEX has a Value grade of C, highlighting ZIM as the superior value option based on the analyzed metrics [6][7].

Core Insights - Zim Integrated Shipping Services experienced a significant stock price increase of nearly 12% over the past week, driven by a substantial price target increase from an analyst despite a generally bearish outlook on the company [2][3]. Price Target and Analyst Recommendations - Bank of America Securities analyst Muneeba Kayani raised Zim's price target from $9.20 to $12.20, marking a notable increase, but maintained an underperform (sell) recommendation on the company [3]. Impact of Market Conditions - The ongoing unrest in the Middle East has influenced ocean shipping operations, but Kayani noted that this situation has not negatively impacted Zim. Instead, the unrest has led to higher freight shipping rates, positively affecting the company's fundamentals [4]. Earnings Forecast Adjustments - Following the analysis of current market conditions, Kayani increased her estimates for Zim's second quarter and second half of 2024. She raised the forecast for the company's non-GAAP EBITDA by 44% to $2.2 billion, which exceeds management's guidance of $1.15 billion to $1.55 billion [5].

Mary Salen/iStock Editorial via Getty Images ZIM stock: dividend has returned I last wrote on ZIM Integrated Shipping Services (NYSE:ZIM) about three months ago. As you can see from the chart below, that article was titled "ZIM Integrated: The Dividend Could Return In 2024" and was published on May 1, 2024. The article argued for a buy rating based on the following considerations: l see positive signs emerging for ZIM now, including recovery in both volume and rates. I expect a net profit in 2024 and a pote ...

Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels. Both ZIM and KEX are impressive stocks with solid earnings outlooks, but based on these valuation figures, we feel that ZIM is the superior value option right now. Investors with an interest in Transportation - Shipping stocks have likely encountered both ZIM Integrated Shipping Services (ZIM) and Kirby (KEX) . But which of these two compan ...

Shares of ZIM Integrated Shipping Services (ZIM) have been struggling lately and have lost 23.4% over the past two weeks. However, a hammer chart pattern was formed in its last trading session, which could mean that the stock found support with bulls being able to counteract the bears. So, it could witness a trend reversal down the road. The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. But this is not the only factor that m ...