ZIM Integrated Shipping Services Full Year 2023 Earnings: EPS Misses Expectations
ZIM Integrated Shipping Services (NYSE:ZIM) Full Year 2023 Results
Key Financial Results
Revenue: US$5.16b (down 59% from FY 2022).
Net loss: US$2.70b (down by 158% from US$4.62b profit in FY 2022).
US$22.42 loss per share (down from US$38.49 profit in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
ZIM Integrated Shipping Services EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 21%.
Looking ahead, revenue is forecast to grow 5.5% p.a. on average during the next 2 years, while revenues in the Shipping industry in the US are expected to remain flat.
Performance of the American Shipping industry.
The company's shares are down 9.8% from a week ago.
Risk Analysis
It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with ZIM Integrated Shipping Services, and understanding it should be part of your investment process.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
