In the latest trading session, ZIM Integrated Shipping Services (ZIM) closed at $26.70, marking a +1.17% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.8%. On the other hand, the Dow registered a loss of 0.15%, and the technology-centric Nasdaq increased by 1.6%.
The container shipping company's stock has dropped by 3.72% in the past month, falling short of the Transportation sector's gain of 5.95% and the S&P 500's gain of 5.15%.
The upcoming earnings release of ZIM Integrated Shipping Services will be of great interest to investors. The company is predicted to post an EPS of -$0.22, indicating a 108.98% decline compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $1.59 billion, down 20.58% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$7.24 per share and revenue of $5.87 billion, indicating changes of -335.06% and -14.91%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for ZIM Integrated Shipping Services. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.41% upward. Right now, ZIM Integrated Shipping Services possesses a Zacks Rank of #3 (Hold).
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 21% of over 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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ZIM Integrated Shipping Services Ltd. (ZIM): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).