ZIM Integrated Shipping Services (ZIM) closed at $18.30 in the latest trading session, marking a +1.05% move from the prior day. This change outpaced the S&P 500's 0.64% gain on the day. On the other hand, the Dow registered a gain of 1.85%, and the technology-centric Nasdaq increased by 0.2%. Analysts and investors alike will be keeping a close eye on the performance of ZIM Integrated Shipping Services in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.83, signifying a 160.5 ...

Macro Micro As discussed in our previous article, we had hypothesized that the ongoing Red Sea conflict and subsequent fleet diversion through the Cape of Good Hope might potentially trigger near-term tailwinds for ZIM, based on the rising spot rates from $1,364 on October 19, 2023 (prior to the Red Sea attacks) to $2,725 on May 02, 2024. This conjecture has materialized after all, with ZIM reporting excellent freight rates of $1,452 (+31.7% QoQ/ +4% YoY) and net incomes of $92.1M in FQ1'24 (+162.8% QoQ/ +2 ...

bombermoon Drewry Index, Oakoff's compilation predict today will likely be revised upward or exceeded by the company. VAL ZIM Integrated Shipping Services Ltd (ZIM) EBITDA Estimates for Next Fiscal Year 911.60M ZIM Integrated Shipping Services Ltd (ZIM) EBITDA Estimates for Current Fiscal Year 1.5978 ZIM Integrated Shipping Services Ltd (ZIM) EBITDA Estimates for 2 Fiscal Years Ahead 913.16M Jul '21 Jul '22 Jan 23 Jul 23 Jan '24 Seeking Alpha Jun 7, 2024, 4:04 AM EDT Powered by YC H A R T S | --- | --- | -- ...

At least one analyst believes the rally is running out of steam. Shares of Zim traded down 15% as of 10:30 a.m. ET after Citigroup downgraded the stock to a sell. Citi analyst Sathish Sivakumar is calling a top. The analyst downgraded Zim shares to sell from neutral with a price target of $13, suggesting more than 30% downside from current prices. Sivakumar wrote that the recent move in spot freight rates up more than 70% is unlikely to sustain into the second half of the year. Is this as good as it gets fo ...

Key Points Global container ship company Zim Integrated Shipping Service Ltd. NYSE: ZIM shares have been on a tear, rising 128% year-to-date (YTD). Its shares recovered dramatically since the start of the Red Sea conflict, causing shipping companies to detour through South Africa. ZIM shares were trading down under $10 in April 2024. Meanwhile, shipping rates rebounded dramatically, as indicated on the Shanghai Container Freight Index surged to 3,044 on May 31, 2024, up from 993 in November 2023. ZIM Integr ...

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) is seeing a robust profit upswing for its container shipping business and the company announced that it will pay a dividend for the first quarter as well. A recovery in freight rates as well as a volume recovery has led to ZIM Integrated Shipping Services returning to a positive profit trajectory, which could pave the way for many more dividends to come. I think that ZIM Integrated Shipping is poised for a sustained recovery which could not only equate to a c ...

HAIFA, Israel, May 28, 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 dividend distribution expected to take place on June 11, 2024, as previously announced by the Company on May 21, 2024 (the "Dividend"), it had obtained an extension of its previously obtained tax ruling from the Israeli Tax Authority, or ITA, with respect to the tax withholding procedures relating to the ...

An improving outlook for the shipping industry as well as soaring container shipping rates have fundamentally changed the value proposition for shipping logistics provider ZIM Integrated Shipping Services (NYSE:ZIM). The company reported strong solid fiscal quarter results, chiefly due to a recovery in freight rates, and finally brought back its dividend, which has reignited enthusiasm for ZIM Integrated Shipping's shares. The shipping firm also raised its EBITDA outlook for the current fiscal year and alth ...

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Q1 2024 Earnings Conference Call May 21, 2024 8:00 AM ET Company Participants Elana Holzman - Head of IR Eli Glickman - President & CEO Xavier Destriau - CFO Conference Call Participants Omar Nokta - Jefferies Muneeba Kayani - Bank of America Sathish Sivakumar - Citigroup Marco Limite - Barclays Operator Thank you for standing by, and welcome to the ZIM Integrated Shipping Services First Quarter 2024 Earnings Conference Call. All lines have been placed on mut ...

ZIM Integrated Shipping Services (ZIM) came out with quarterly earnings of $0.75 per share, missing the Zacks Consensus Estimate of $1.09 per share. This compares to loss of $0.50 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -31.19%. A quarter ago, it was expected that this container shipping company would post a loss of $1.33 per share when it actually produced a loss of $1.23, delivering a surprise of 7.52%. Over the las ...