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ZIM Integrated Shipping Services (ZIM) Stock Falls Amid Market Uptick: What Investors Need to Know
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In the latest trading session, ZIM Integrated Shipping Services (ZIM - Free Report) closed at $13.72, marking a -1.22% move from the previous day. The stock's change was less than the S&P 500's daily gain of 0.88%. Meanwhile, the Dow gained 0.54%, and the Nasdaq, a tech-heavy index, added 1.35%.
The container shipping company's stock has climbed by 38.76% in the past month, exceeding the Transportation sector's loss of 4.84% and the S&P 500's gain of 0.64%.
The upcoming earnings release of ZIM Integrated Shipping Services will be of great interest to investors. The company is forecasted to report an EPS of -$1.33, showcasing a 138.66% downward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $1.23 billion, indicating a 44.03% decline compared to the corresponding quarter of the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for ZIM Integrated Shipping Services. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 55.9% higher. ZIM Integrated Shipping Services currently has a Zacks Rank of #3 (Hold).
The Transportation - Shipping industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 202, which puts it in the bottom 20% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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ZIM Integrated Shipping Services (ZIM) Stock Falls Amid Market Uptick: What Investors Need to Know
In the latest trading session, ZIM Integrated Shipping Services (ZIM - Free Report) closed at $13.72, marking a -1.22% move from the previous day. The stock's change was less than the S&P 500's daily gain of 0.88%. Meanwhile, the Dow gained 0.54%, and the Nasdaq, a tech-heavy index, added 1.35%.
The container shipping company's stock has climbed by 38.76% in the past month, exceeding the Transportation sector's loss of 4.84% and the S&P 500's gain of 0.64%.
The upcoming earnings release of ZIM Integrated Shipping Services will be of great interest to investors. The company is forecasted to report an EPS of -$1.33, showcasing a 138.66% downward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $1.23 billion, indicating a 44.03% decline compared to the corresponding quarter of the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for ZIM Integrated Shipping Services. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 55.9% higher. ZIM Integrated Shipping Services currently has a Zacks Rank of #3 (Hold).
The Transportation - Shipping industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 202, which puts it in the bottom 20% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.