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ZIM Integrated Shipping Services (ZIM) Falls More Steeply Than Broader Market: What Investors Need to Know
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ZIM Integrated Shipping Services (ZIM - Free Report) ended the recent trading session at $12.92, demonstrating a -5.21% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 0.28%. On the other hand, the Dow registered a loss of 0.52%, and the technology-centric Nasdaq decreased by 0.08%.
The container shipping company's stock has climbed by 3.26% in the past month, exceeding the Transportation sector's gain of 1.24% and lagging the S&P 500's gain of 4.03%.
Investors will be eagerly watching for the performance of ZIM Integrated Shipping Services in its upcoming earnings disclosure. The company's upcoming EPS is projected at $1.35, signifying a 85.55% drop compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $1.85 billion, reflecting a 32.99% fall from the equivalent quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $3.69 per share and a revenue of $7.17 billion, representing changes of -79.29% and -14.91%, respectively, from 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 business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 11.15% increase. ZIM Integrated Shipping Services currently has a Zacks Rank of #3 (Hold).
In terms of valuation, ZIM Integrated Shipping Services is currently trading at a Forward P/E ratio of 3.69. This signifies a discount in comparison to the average Forward P/E of 10.62 for its industry.
Meanwhile, ZIM's PEG ratio is currently 0.14. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Transportation - Shipping industry stood at 0.5 at the close of the market yesterday.
The Transportation - Shipping industry is part of the Transportation sector. At present, this industry carries a Zacks Industry Rank of 60, placing it within the top 25% of over 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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ZIM Integrated Shipping Services (ZIM) Falls More Steeply Than Broader Market: What Investors Need to Know
ZIM Integrated Shipping Services (ZIM - Free Report) ended the recent trading session at $12.92, demonstrating a -5.21% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 0.28%. On the other hand, the Dow registered a loss of 0.52%, and the technology-centric Nasdaq decreased by 0.08%.
The container shipping company's stock has climbed by 3.26% in the past month, exceeding the Transportation sector's gain of 1.24% and lagging the S&P 500's gain of 4.03%.
Investors will be eagerly watching for the performance of ZIM Integrated Shipping Services in its upcoming earnings disclosure. The company's upcoming EPS is projected at $1.35, signifying a 85.55% drop compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $1.85 billion, reflecting a 32.99% fall from the equivalent quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $3.69 per share and a revenue of $7.17 billion, representing changes of -79.29% and -14.91%, respectively, from 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 business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 11.15% increase. ZIM Integrated Shipping Services currently has a Zacks Rank of #3 (Hold).
In terms of valuation, ZIM Integrated Shipping Services is currently trading at a Forward P/E ratio of 3.69. This signifies a discount in comparison to the average Forward P/E of 10.62 for its industry.
Meanwhile, ZIM's PEG ratio is currently 0.14. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Transportation - Shipping industry stood at 0.5 at the close of the market yesterday.
The Transportation - Shipping industry is part of the Transportation sector. At present, this industry carries a Zacks Industry Rank of 60, placing it within the top 25% of over 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.