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ZIM Integrated Shipping Services (ZIM) Sees a More Significant Dip Than Broader Market: Some Facts to Know
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In the latest close session, ZIM Integrated Shipping Services (ZIM - Free Report) was down 2.92% at $28.39. The stock trailed the S&P 500, which registered a daily loss of 1.82%. Meanwhile, the Dow lost 1.09%, and the Nasdaq, a tech-heavy index, lost 2.86%.
Shares of the container shipping company witnessed a loss of 1.71% over the previous month, trailing the performance of the Transportation sector with its gain of 3.87%, and the S&P 500's gain of 0.71%.
The investment community will be paying close attention to the earnings performance of ZIM Integrated Shipping Services in its upcoming release. In that report, analysts expect ZIM Integrated Shipping Services to post earnings of $4.77 per share. This would mark year-over-year growth of 367.65%. Our most recent consensus estimate is calling for quarterly revenue 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.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for ZIM Integrated Shipping Services. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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. Over the past month, the Zacks Consensus EPS estimate has shifted 181.27% upward. Currently, ZIM Integrated Shipping Services is carrying a Zacks Rank of #1 (Strong Buy).
In terms of valuation, ZIM Integrated Shipping Services is currently trading at a Forward P/E ratio of 3.3. This signifies a discount in comparison to the average Forward P/E of 8.9 for its industry.
The Transportation - Shipping industry is part of the Transportation sector. This group has a Zacks Industry Rank of 47, putting it in the top 20% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
View the Zacks #1 Rank List
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ZIM Integrated Shipping Services (ZIM) Sees a More Significant Dip Than Broader Market: Some Facts to Know
In the latest close session, ZIM Integrated Shipping Services (ZIM - Free Report) was down 2.92% at $28.39. The stock trailed the S&P 500, which registered a daily loss of 1.82%. Meanwhile, the Dow lost 1.09%, and the Nasdaq, a tech-heavy index, lost 2.86%.
Shares of the container shipping company witnessed a loss of 1.71% over the previous month, trailing the performance of the Transportation sector with its gain of 3.87%, and the S&P 500's gain of 0.71%.
The investment community will be paying close attention to the earnings performance of ZIM Integrated Shipping Services in its upcoming release. In that report, analysts expect ZIM Integrated Shipping Services to post earnings of $4.77 per share. This would mark year-over-year growth of 367.65%. Our most recent consensus estimate is calling for quarterly revenue 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.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for ZIM Integrated Shipping Services. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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. Over the past month, the Zacks Consensus EPS estimate has shifted 181.27% upward. Currently, ZIM Integrated Shipping Services is carrying a Zacks Rank of #1 (Strong Buy).
In terms of valuation, ZIM Integrated Shipping Services is currently trading at a Forward P/E ratio of 3.3. This signifies a discount in comparison to the average Forward P/E of 8.9 for its industry.
The Transportation - Shipping industry is part of the Transportation sector. This group has a Zacks Industry Rank of 47, putting it in the top 20% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.