ZIM Integrated Shipping Services .(ZIM) ZACKS·2024-11-20 14:11Company 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]