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ZIM Integrated Shipping Services (ZIM) Declines More Than Market: Some Information for Investors
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ZIM Integrated Shipping Services (ZIM - Free Report) closed the most recent trading day at $29.24, moving -1.42% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 0.31% for the day. On the other hand, the Dow registered a loss of 0.25%, and the technology-centric Nasdaq decreased by 1.38%.
Shares of the container shipping company witnessed a gain of 1.16% over the previous month, trailing the performance of the Transportation sector with its gain of 2.76%, and outperforming the S&P 500's gain of 0.87%.
Analysts and investors alike will be keeping a close eye on the performance of ZIM Integrated Shipping Services in its upcoming earnings disclosure. The company is predicted to post an EPS of $4.77, indicating a 367.65% growth compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.49 billion, up 40.19% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $8.86 per share and a revenue of $8.22 billion, representing changes of +187.66% and +19.04%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for ZIM Integrated Shipping Services. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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. The Zacks Consensus EPS estimate has moved 181.27% higher within the past month. ZIM Integrated Shipping Services currently has a Zacks Rank of #1 (Strong Buy).
Digging into valuation, ZIM Integrated Shipping Services currently has a Forward P/E ratio of 3.35. This expresses a discount compared to the average Forward P/E of 9.21 of its industry.
The Transportation - Shipping industry is part of the Transportation sector. At present, this industry carries a Zacks Industry Rank of 49, placing it within the top 20% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
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ZIM Integrated Shipping Services (ZIM) Declines More Than Market: Some Information for Investors
ZIM Integrated Shipping Services (ZIM - Free Report) closed the most recent trading day at $29.24, moving -1.42% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 0.31% for the day. On the other hand, the Dow registered a loss of 0.25%, and the technology-centric Nasdaq decreased by 1.38%.
Shares of the container shipping company witnessed a gain of 1.16% over the previous month, trailing the performance of the Transportation sector with its gain of 2.76%, and outperforming the S&P 500's gain of 0.87%.
Analysts and investors alike will be keeping a close eye on the performance of ZIM Integrated Shipping Services in its upcoming earnings disclosure. The company is predicted to post an EPS of $4.77, indicating a 367.65% growth compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.49 billion, up 40.19% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $8.86 per share and a revenue of $8.22 billion, representing changes of +187.66% and +19.04%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for ZIM Integrated Shipping Services. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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. The Zacks Consensus EPS estimate has moved 181.27% higher within the past month. ZIM Integrated Shipping Services currently has a Zacks Rank of #1 (Strong Buy).
Digging into valuation, ZIM Integrated Shipping Services currently has a Forward P/E ratio of 3.35. This expresses a discount compared to the average Forward P/E of 9.21 of its industry.
The Transportation - Shipping industry is part of the Transportation sector. At present, this industry carries a Zacks Industry Rank of 49, placing it within the top 20% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.