At the latest market close, ZIM Integrated Shipping Services (ZIM) hit $21.72, up +0.56% from the previous day. The stock outperformed the S&P 500, which was up 0.09% on the day. Elsewhere in the market, the Dow gained 0.09%, while the tech-heavy Nasdaq added 0.3%.
Shares of the container shipping company have gained 1.65% over the past month, outpacing the Transportation sector’s loss of 1.91% and lagging the S&P 500’s gain of 3.38%.
The investment community will be closely monitoring the performance of ZIM Integrated Shipping Services’ upcoming earnings report. The company is expected to report EPS of $0.83, up 160.58% from the year-ago period. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.59 billion, up 21.32% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.43 per share and revenue of $6.28 billion, which would represent increases of +167.65% and +21.64%, respectively, from the prior year.
Recent changes to analyst estimates for ZIM Integrated Shipping Services should also be noted by investors. These changes help show that short-term business trends are always changing. As such, positive changes to estimates mean that analysts are optimistic about the company’s business and profitability.
Our research shows that these estimate revisions are directly correlated with Proximity Team’s stock price movements, and investors can capitalize on this by using the Zacks Rank, which is our model that takes these estimate changes into account and delivers a simple, actionable 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 generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 82.18% higher within the past month. ZIM Integrated Shipping Services currently carries a Zacks Rank #3 (Hold).
In terms of valuation, ZIM Integrated Shipping Services is currently trading with a Forward P/E ratio of 6.31, which means it is trading at a discount compared to its industry’s average Forward P/E of 7.61.
It’s also worth noting that ZIM currently has a PEG ratio of 0.19. This metric is used similarly to the well-known P/E ratio, but the PEG ratio also takes into account a stock’s expected earnings growth rate. As of yesterday’s market close, the average PEG ratio for the Transportation & Marine industry was 0.93.
The Transportation – Marine industry is a part of the Transportation sector. This industry is currently ranked #71 in the Zacks Industry Rank, putting it in the top 29% 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, and our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
More information on all of these metrics, and much more, can be found on Zacks.com.
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ZIM Integrated Shipping Services Ltd. (ZIM) : Free Stock Analysis Report
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