ZIM Integrated Shipping Services (ZIM) has been benefiting from the Red Sea crisis-induced high freight rates. The company’s shareholder-friendly initiatives also bode well.Let us delve deeper to unearth the factors working in favor of this Zacks Rank #1 (Strong Buy) stock.ZIM’s Northward Earnings Estimates: In the past 60 days, the Zacks Consensus Estimate for current and next-year earnings has been revised upward by 35.7% and 126.7%, respectively. Such favorable estimate revisions indicate brokers’ confid ...

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 ...

ZIM Integrated Shipping Services (NYSE: ZIM ) reported better than expected earnings for its third-quarter last week, on both the bottom and the top line. The shipping company greatly benefited from an upward surge in freight rates in 2024, including in Q3'24. ZIM Integrated ShippingI look for high-risk, high-reward situations, mainly in the technology markets. I am an early buyer of Bitcoin and my portfolio mainly focused on companies with asymmetric long-term upside. My top holdings include: Bitcoin, Tesl ...

Two months after our bullish rating on ZIM Integrated Shipping (NYSE: ZIM ), the stock outpaced the broader market with an incredible return of 32%, which then affirmed our conviction in growth sustainability. With the continued excellent financial performance ofYiannis Zourmpanos, founder of Yiazou IQ, an AI-driven stock research platform providing all-in-one stock reports. Experience: Previously worked at Deloitte and KPMG in external/internal auditing and consulting. Education: Chartered Certified Accoun ...

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 Ltd. (ZIM) reported better-than-expected third-quarter 2024 earnings per share on Nov. 20. Earnings and revenues surpassed the Zacks Consensus Estimate by 25.4% and 25%, respectively. The third-quarter results were driven by strong freight rates and carried volumes.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Highlights of ZIM’s Q3 EarningsZIM’s third-quarter 2024 earnings of $9.34 per sharebreezed past the Zacks Consensus Estimate of $7.45. In th ...

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 ...