HAIFA, Israel, July 29, 2024 /PRNewswire/ -- ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) announced today that the Company will release its second quarter 2024 financial results on Monday, August 19, 2024, before the U.S. financial markets open. Management will host a conference call and webcast (along with a slide presentation) to review the results and provide a corporate update at 8:00 AM ET. To access the live conference call by telephone, please dial the following numbers: United States (TF) +1-80 ...

Market participants will be closely following the financial results of ZIM Integrated Shipping Services in its upcoming release. On that day, ZIM Integrated Shipping Services is projected to report earnings of $0.83 per share, which would represent year-over-year growth of 160.58%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.59 billion, up 21.32% from the year-ago period. Empirical research indicates that these revisions in estimates have a direct correlation with impen ...

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 ...

The funds will enable the expansion and deployment of the company's groundbreaking water infrastructureharnessing CDR technology HAIFA, Israel, July 22, 2024 /PRNewswire/ -- Climate-tech startup CarbonBlue has announced the completion of a seed funding round to scale up and deploy its groundbreaking water-based Carbon Dioxide Removal (CDR) technology, bringing the funding raised by the company to $10 million. The completion of this round singles CarbonBlue out as an exceptional innovator in the climate-tech ...

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 ...