ZIM Integrated Shipping Services (ZIM) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, ZIM Integrated Shipping Services (ZIM) closed at $71.94, marking a -0.32% move from the previous day. This change lagged the S&P 500's 0.09% gain on the day. Meanwhile, the Dow lost 0.16%, and the Nasdaq, a tech-heavy index, lost 0.52%.
Heading into today, shares of the container shipping company had gained 13.94% over the past month, outpacing the Transportation sector's loss of 0.48% and the S&P 500's loss of 4.02% in that time.
Investors will be hoping for strength from ZIM Integrated Shipping Services as it approaches its next earnings release. The company is expected to report EPS of $13.65, up 291.12% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $3.44 billion, up 152.96% from the year-ago period.
Investors should also note any recent changes to analyst estimates for ZIM Integrated Shipping Services. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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.
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 returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 57.21% higher. ZIM Integrated Shipping Services is currently a Zacks Rank #1 (Strong Buy).
Looking at its valuation, ZIM Integrated Shipping Services is holding a Forward P/E ratio of 2.3. This valuation marks a discount compared to its industry's average Forward P/E of 4.46.
The Transportation - Shipping industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 155, which puts it in the bottom 39% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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ZIM Integrated Shipping Services Ltd. (ZIM) : Free Stock Analysis Report
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