A downtrend has been apparent in ZIM Integrated Shipping Services (ZIM) lately. While the stock has lost 9.4% over the past week, it could witness a trend reversal as a hammer chart pattern was formed in its last trading session. This could mean that the bulls have been able to counteract the bears to help the stock find support. 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 makes a b ...

Thierry Dosogne ZIM Integrated Shipping Services Ltd. (NYSE:ZIM), the Israeli container shipping company, announced its second-quarter results on August 19th before the market opened and provided investors with some exciting news; a significant increase in its FY-2024 guidance and a chunky dividend of $0.93 per share, in what seems to be like a full reinstatement of the company's quarterly dividends. Worthless to say, ZIM also beat both the top and bottom line estimates by a wide margin, and the stock enjoy ...

HAIFA, Israel, Aug. 27, 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 September 5, 2024, as previously announced by the Company on August 19, 2024 (the "Dividend"), the previously obtained tax ruling from the Israeli Tax Authority ("ITA") on tax withholding procedures relating to the payment of the Dividend to the Company's s ...

The company had a very strong second quarter, and investors eagerly piled into its shares. Container logistics company Zim Integrated Shipping Services (ZIM -2.62%) continues to benefit from high demand for its services, and lately investors have been here for it. The company's stock was notching doubledigit gains over the past few days, with a more than 11% rise in price week to date as of Friday early morning, according to data compiled by S&P Global Market Intelligence. An encouraging earnings report was ...

I ■ II I Abstract Aerial Art ZIM Integrated Shipping Services (NYSE:ZIM) reported earnings for its second fiscal quarter last week that came in way ahead of average EPS and top line predictions. The shipping company is benefiting from an improving macroeconomic outlook and strong pricing support in the freight market which resulted in a significantly increased EBITDA guidance for the current fiscal year. ZIM Integrated Shipping also posed significantly improved key metrics including revenue, free cash flow ...

Investors might want to bet on ZIM Integrated Shipping Services (ZIM) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracke ...

Most investors have been worried about the state of the shipping industry. Transportation stocks have underperformed the broader market ever since bottlenecks and supply chain issues caused by the COVID-19 pandemic created a difficult business environment for those who operate in the space. Today, a mid-cap shipping stock shows that the industry is actually starting to look up now. ZIM Integrated Shipping Services Today ZIM ZIM Integrated Shipping Services $22.84 +0.59 (+2.65%) 52-Week Range $6.39 ▼ $23.82 ...

Suphanat Khumsap ZIM Integrated Shipping (NYSE:ZIM) was soaring on Monday after releasing strong earnings results and an even stronger bump to full-year guidance. The disruptions in the Red Sea have led to a surge in freight rates, which in turn have sparked a dramatic turnaround in ZIM's fundamental results. Management has declared a large bump to the quarterly dividend, and the earnings yield over the coming quarters looks significant. However, I urge caution as investors mustn't forget that this remains ...

Daniel Wright/iStock Editorial via Getty Images Note: I have covered ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) previously, so investors should view this as an update to my earlier articles on the company. On Monday, Israel-based liner company ZIM Integrated Shipping Services Ltd. or "ZIM" reported Q2/2024 results well ahead of consensus expectations due to a favorable combination of higher volumes, increased freight rates and lower average costs. ZIM Integrated Shipping - Key Financial Metrics | --- ...

The container ship operator benefited from a strong pricing environment in the second quarter. Trouble on the high seas is causing shipping rates to soar, which in turn is helping Zim Integrated Shipping Services (ZIM 22.11%) deliver for investors. The container shipping company's shares jumped sharply at the open Monday and were up by about 22% as of 10:56 a.m. ET after the company released quarterly results that easily topped expectations. A favorable current Zim incurs high fixed costs to buy and maintai ...