ZIM Integrated Shipping Services .(ZIM)

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ZIM Integrated Shipping Services .(ZIM) - 2024 Q3 - Earnings Call Transcript
2024-11-20 16:05
ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Q3 2024 Earnings Conference Call November 20, 2024 8:00 AM ET Company Participants Elana Holzman - Head of Investor Relations Eli Glickman - President and Chief Executive Officer Xavier Destriau - Executive Vice President and Chief Financial Officer Conference Call Participants Omar Nokta - Jefferies Alexia Dogani - JPMorgan Sathish Sivakumar - Citigroup Operator Ladies and gentlemen, thank you for standing by. My name is Christa and I will be your conference ...
ZIM Integrated Shipping Services .(ZIM) - 2024 Q3 - Earnings Call Presentation
2024-11-20 15:47
Investor Presentation Q3 2024 FINANCIAL RESULTS November 20, 2024 Disclaimer Forward-Looking Statements The following information contains, or may be deemed to contain forward-looking statements (as defined in the U.S. Private Securities Litigation Reform Act of 1995). In some cases, you can identify these statements by forward-looking words such as "may," "might," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of these terms and o ...
ZIM Integrated Shipping Services (ZIM) Surpasses Q3 Earnings and Revenue Estimates
ZACKS· 2024-11-20 14:11
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]
ZIM Integrated Shipping Services .(ZIM) - 2024 Q3 - Quarterly Report
2024-11-20 12:05
Exhibit 99.2 ZIM INTEGRATED SHIPPING SERVICES LTD. CONDENSED CONSOLIDATED UNAUDITED INTERIM FINANCIAL STATEMENTS SEPTEMBER 30, 2024 ZIM INTEGRATED SHIPPING SERVICES LTD. INDEX TO CONDENSED CONSOLIDATED UNAUDITED INTERIM FINANCIAL STATEMENTS | --- | --- | |--------------------------------------------------------------------------------------------|-------| | FINANCIAL STATEMENTS: | Page | | Condensed consolidated unaudited interim Statements of Financial Position | 3 | | Condensed consolidated unaudited inte ...
ZIM Reports Financial Results for the Third Quarter of 2024; Raises Full Year 2024 Guidance
Prnewswire· 2024-11-20 12:00
Reported Revenues of $2.77 Billion, Net Income of $1.13 Billion, Adjusted EBITDA1 of $1.53 Billion and Adjusted EBIT of $1.24 Billion2; Achieved Adjusted EBITDA and Adjusted EBIT Margins of 55% and 45%, RespectivelyAchieved 12% Volume Growth YOY with Record Carried Volume of 970 Thousand TEUs in Q3 2024Increased Full Year 2024 Guidance to Adjusted EBITDA of $3.3 Billion to $3.6 Billion and Adjusted EBIT of $2.15 Billion to $2.45 Billion3Declared Increased Dividend of ~$440 million, Comprised of a Regular Di ...
ZIM Integrated Shipping: Fleet Expansion On Track While Red Sea Conflict Maintains Freight Rates
Seeking Alpha· 2024-11-17 12:40
Small deep value individual investor, with a modest private investment portfolio, split approx. 50%-50% between shares and call options. I have a B.Sc. in aeronautical engineering and over 6 years of experience as an engineering consultant in the aerospace sector. The latter statement is not relevant in any way whatsoever to my investment style, but I thought to add it for self-indulgent purposes. I have a contrarian investment style, highly risky, and often dealing with illiquid options. How illiquid? Well ...
Is Buying ZIM Stock a Smart Move Before It Reports Q3 Earnings?
ZACKS· 2024-11-13 18:41
ZIM Integrated Shipping Services Ltd. (ZIM) is set to report third-quarter 2024 results on Nov. 20, before market open. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The Zacks Consensus Estimate for third-quarter 2024 earnings was revised upward in the past 60 days to $6.19 per share. The consensus mark implies a massive 414.2% upsurge from the year-ago actual. The Zacks Consensus Estimate for third-quarter 2024 revenues is pegged at $2.21 billion, suggesting a 73.8% uptick from ...
ZIM Integrated Shipping Services (ZIM) Earnings Expected to Grow: Should You Buy?
ZACKS· 2024-11-13 16:00
Wall Street expects a year-over-year increase in earnings on higher revenues when ZIM Integrated Shipping Services (ZIM) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be r ...
ZIM Integrated Shipping Services (ZIM) Rises As Market Takes a Dip: Key Facts
ZACKS· 2024-11-12 23:51
ZIM Integrated Shipping Services (ZIM) ended the recent trading session at $24.17, demonstrating a +1.51% swing from the preceding day's closing price. The stock outperformed the S&P 500, which registered a daily loss of 0.29%. Elsewhere, the Dow lost 0.86%, while the tech-heavy Nasdaq lost 0.09%.The the stock of container shipping company has risen by 12.42% in the past month, leading the Transportation sector's gain of 3.28% and the S&P 500's gain of 3.3%.Investors will be eagerly watching for the perform ...
ZIM Integrated Shipping Should Beat Q3 Earnings - Buy
Seeking Alpha· 2024-11-05 09:26
With just one subscription to Beyond the Wall Investing , you can save thousands of dollars a year on equity research reports from banks. You'll keep your finger on the pulse and have access to the latest and highest-quality analysis of this type of information.You're now reading my 20th article about ZIM Integrated Shipping Services Ltd. (NYSE: ZIM ). Since July 2021, I've consistently been bullish about the firm's long-term growth prospects. However, given the cyclical nature of this industry, the 2022-20 ...