ZIM Integrated Shipping Services (ZIM) closed the most recent trading day at $24.92, moving +2.51% from the previous trading session. The stock's change was more than the S&P 500's daily gain of 0.89%. Meanwhile, the Dow gained 0.74%, and the Nasdaq, a tech-heavy index, added 1.29%.
Shares of the container shipping company have depreciated by 3.8% over the course of the past month, underperforming the Transportation sector's gain of 4.54%, and the S&P 500's loss of 0.63%.
Investors will be eagerly watching for the performance of ZIM Integrated Shipping Services in its upcoming earnings disclosure. In that report, analysts expect ZIM Integrated Shipping Services to post earnings of -$0.1 per share. This would mark a year-over-year decline of 152.63%. Meanwhile, our latest consensus estimate is calling for revenue of $1.63 billion, down 0.58% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $3.15 per share and a revenue of $7.05 billion, indicating changes of +2.27% and +2.09%, respectively, from the former year.
Investors should also take note of any recent adjustments 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 shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 past month, the Zacks Consensus EPS estimate has shifted 143.51% 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 7.72. This signifies a discount in comparison to the average Forward P/E of 8.81 for its industry.
The Transportation - Shipping industry is part of the Transportation sector. With its current Zacks Industry Rank of 62, this industry ranks in the top 26% of all industries, numbering over 250.
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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming 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).