Company Performance - ZIM Integrated Shipping Services ended the recent trading session at $14.08, showing a -3.1% change from the previous day's closing price, which lagged behind the S&P 500's daily loss of 0.5% [1] - Over the last month, ZIM's shares have increased by 2.25%, outperforming the Transportation sector's loss of 2.03% but underperforming the S&P 500's gain of 2.74% [1] Financial Expectations - Analysts expect ZIM to report earnings of $1.14 per share in the upcoming release, indicating a year-over-year decline of 87.79% [2] - The consensus estimate for ZIM's revenue is projected to be $1.8 billion, reflecting a 34.75% decline compared to the same quarter of the previous year [2] - For the entire fiscal year, earnings are projected at $3.32 per share and revenue at $7.08 billion, representing declines of -81.37% and -15.94% respectively from the prior year [3] Analyst Estimates and Rankings - Recent changes to analyst estimates for ZIM should be noted, as they reflect evolving short-term business trends and convey analysts' confidence in business performance [4] - The Zacks Rank system, which incorporates estimate changes, currently ranks ZIM at 3 (Hold) [6] Valuation Metrics - ZIM is currently traded at a Forward P/E ratio of 4.38, which is a discount compared to the industry average Forward P/E of 11.35 [7] - ZIM has a PEG ratio of 0.17, significantly lower than the industry average PEG ratio of 0.51 [7] Industry Context - The Transportation - Shipping industry, which includes ZIM, has a Zacks Industry Rank of 52, placing it in the top 22% of over 250 industries [8] - The top 50% rated industries outperform the bottom half by a factor of 2 to 1, indicating a favorable position for ZIM within its industry [8]
Here's Why ZIM Integrated Shipping Services (ZIM) Fell More Than Broader Market