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ZIM Integrated Shipping Services (ZIM) Dips More Than Broader Markets: What You Should Know

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ZIM Integrated Shipping Services (ZIM - Free Report) closed the most recent trading day at $72.83, moving -1.53% from the previous trading session. This change lagged the S&P 500's daily loss of 0.63%. Meanwhile, the Dow lost 0.19%, and the Nasdaq, a tech-heavy index, lost 0.34%.

Heading into today, shares of the container shipping company had gained 9.41% over the past month, outpacing the Transportation sector's gain of 7.05% and the S&P 500's gain of 6.02% in that time.

ZIM Integrated Shipping Services will be looking to display strength as it nears its next earnings release. In that report, analysts expect ZIM Integrated Shipping Services to post earnings of $12.65 per share. This would mark year-over-year growth of 146.59%.

ZIM's full-year Zacks Consensus Estimates are calling for earnings of $36.76 per share and revenue of $12.64 billion. These results would represent year-over-year changes of -5.79% and +17.81%, respectively.

Any recent changes to analyst estimates for ZIM Integrated Shipping Services should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 17.13% higher. ZIM Integrated Shipping Services is currently a Zacks Rank #1 (Strong Buy).

Investors should also note ZIM Integrated Shipping Services's current valuation metrics, including its Forward P/E ratio of 2.01. This represents a discount compared to its industry's average Forward P/E of 4.5.

The Transportation - Shipping industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 88, which puts it in the top 35% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow ZIM in the coming trading sessions, be sure to utilize Zacks.com.


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