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 ...

Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time. Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead ...

Portra/DigitalVision via Getty Images Global freight rates have ticked up markedly in the past several months. Torsten Slok of Apollo Global has a revealing chart of the trend. It shows that many routes around the world have jumped to levels not seen since late 2022. That's a near-term tailwind for shipping companies, but this bullish reversal from depressed rates last year could be short-lived, resulting in profitability risks for volatile shipping stocks. If spot rates indeed roll back over, then firms ex ...

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 ...

Investors might want to bet on ZIM Integrated Shipping Services (ZIM) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook. The upward trend in estimate revisions for this container shipping company reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows ...

Investors looking for stocks in the Transportation - Shipping sector might want to consider either ZIM Integrated Shipping Services (ZIM) or Kirby (KEX) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look. Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank puts an emph ...

A pundit's new take on the company inspired some investors to pile into it. It was smooth sailing for ocean transportation specialist Zim Integrated Shipping Services (ZIM -1.71%) stock over the past five trading days. An analyst's substantial price target increase helped boost investor sentiment on the company, even if that pundit remained generally bearish on its prospects. At the close of the trading week, according to data compiled by S&P Global Market Intelligence, Zim's stock price had risen by almost ...

The most recent trading session ended with ZIM Integrated Shipping Services (ZIM) standing at $19.32, reflecting a -1.88% shift from the previouse trading day's closing. This change lagged the S&P 500's 1.37% loss on the day. Elsewhere, the Dow lost 1.21%, while the tech-heavy Nasdaq lost 2.3%. The container shipping company's shares have seen a decrease of 13.37% over the last month, not keeping up with the Transportation sector's gain of 1.79% and the S&P 500's gain of 1.11%. The investment community will ...

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 ...