ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) is seeing a robust profit upswing for its container shipping business and the company announced that it will pay a dividend for the first quarter as well. A recovery in freight rates as well as a volume recovery has led to ZIM Integrated Shipping Services returning to a positive profit trajectory, which could pave the way for many more dividends to come. I think that ZIM Integrated Shipping is poised for a sustained recovery which could not only equate to a c ...

HAIFA, Israel, May 28, 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 dividend distribution expected to take place on June 11, 2024, as previously announced by the Company on May 21, 2024 (the "Dividend"), it had obtained an extension of its previously obtained tax ruling from the Israeli Tax Authority, or ITA, with respect to the tax withholding procedures relating to the ...

An improving outlook for the shipping industry as well as soaring container shipping rates have fundamentally changed the value proposition for shipping logistics provider ZIM Integrated Shipping Services (NYSE:ZIM). The company reported strong solid fiscal quarter results, chiefly due to a recovery in freight rates, and finally brought back its dividend, which has reignited enthusiasm for ZIM Integrated Shipping's shares. The shipping firm also raised its EBITDA outlook for the current fiscal year and alth ...

Overall market dynamics still point to supply growth significantly outpacing demand growth with significant deliveries this year and to a lesser extent next year as well. As such, our longer-term expectation for the market has not changed. It remains our view that, once the Red Sea crisis is resolved, we will likely revert to the supply-demand scenario that had begun to play out in '23. We maintain the view that the industry will face a more challenging second half of this year irrespective of the duration ...

ZIM Integrated Shipping Services (ZIM) came out with quarterly earnings of $0.75 per share, missing the Zacks Consensus Estimate of $1.09 per share. This compares to loss of $0.50 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -31.19%. A quarter ago, it was expected that this container shipping company would post a loss of $1.33 per share when it actually produced a loss of $1.23, delivering a surprise of 7.52%. Over the las ...

Reported Revenues of $1.56 Billion, Net Income of $92 Million, Adjusted EBITDA1 of $427 Million and Adjusted EBIT of $167 Million Increased Full Year 2024 Guidance to Adjusted EBITDA of $1,150 Million to $1,550 Million and Adjusted EBIT of $0 to $400 Million2 Declared Dividend of $28 million or $0.23 per Share HAIFA, Israel, May 21, 2024 /PRNewswire/ -- ZIM Integrated Shipping Services Ltd. (NYSE: ZIM), ("ZIM" or the "Company") a global container liner shipping company, announced today its consolidated resu ...

ZIM Integrated (NYSE: ZIM) stock price is doing well as investors wait for more clarity on dividends when the company publishes its financial results on Tuesday. It has jumped for two consecutive weeks and is hovering at its highest level since April 2023.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.ZIM Integrated and other shipping companies are doing well. Shares of Maersk, the second-biggest company in the industry, has soared by almost 40% from ...

ZIM Integrated Shipping Services (ZIM) is slated to release first-quarter 2024 results on May 21 before market open.The Zacks Consensus Estimate for earnings is currently pegged at $1.09 per share, reflecting an upward revision of 7.92% over the past 60 days. ZIM, which went public in February 2021, surpassed the Zacks Consensus Estimate for earnings in only one of the last four quarters and lagged thrice, the average miss being 63.5%.Against this backdrop, let’s look at the factors that might have shaped Z ...

The most recent trading session ended with ZIM Integrated Shipping Services (ZIM) standing at $19.04, reflecting a +0.9% shift from the previouse trading day's closing. The stock outpaced the S&P 500's daily gain of 0.48%. Elsewhere, the Dow gained 0.32%, while the tech-heavy Nasdaq added 0.75%.Shares of the container shipping company have appreciated by 84.28% over the course of the past month, outperforming the Transportation sector's gain of 1.36% and the S&P 500's gain of 2%.Analysts and investors alike ...

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 March 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 relea ...