ZIM Integrated Shipping Services .(ZIM)

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The Zacks Analyst Blog Matthews International, ZIM Integrated Shipping, Quanta Services and Orange County Bancorp
ZACKS· 2024-11-29 08:16
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: Dividend, Growth, And Profitability; Triple Threat
Seeking Alpha· 2024-11-26 15:28
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 (ZIM) Shows Fast-paced Momentum But Is Still a Bargain Stock
ZACKS· 2024-11-22 14:50
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]
Why Zim Integrated Shipping Services Inched Higher Today
The Motley Fool· 2024-11-20 22:48
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 ...
ZIM Integrated: Selling The Great News On Potential 2025 Headwinds (Downgrade)
Seeking Alpha· 2024-11-20 21:43
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 ...
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 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 ...