In the latest close session, ZIM Integrated Shipping Services (ZIM) was up +2.84% at $24.60. The stock exceeded the S&P 500, which registered a loss of 0.28% for the day. On the other hand, the Dow registered a loss of 1.09%, and the technology-centric Nasdaq increased by 0.2%.
The container shipping company's stock has dropped by 6.2% in the past month, falling short of the Transportation sector's gain of 1.18% and the S&P 500's gain of 1.64%.
The investment community will be closely monitoring the performance of ZIM Integrated Shipping Services in its forthcoming earnings report. The company is expected to report EPS of -$0.1, down 152.63% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.63 billion, down 0.58% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $3.15 per share and a revenue of $7.05 billion, signifying shifts of +2.27% and +2.09%, respectively, from the last year.
It is also important to note the recent changes to analyst estimates 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 shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 143.51% higher. ZIM Integrated Shipping Services is holding a Zacks Rank of #1 (Strong Buy) right now.
Digging into valuation, ZIM Integrated Shipping Services currently has a Forward P/E ratio of 7.59. This represents a discount compared to its industry average Forward P/E of 8.47.
The Transportation - Shipping industry is part of the Transportation sector. At present, this industry carries a Zacks Industry Rank of 41, placing it within the top 17% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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ZIM Integrated Shipping Services Ltd. (ZIM): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).