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ZIM Integrated Shipping Services (ZIM) Falls More Steeply Than Broader Market: What Investors Need to Know
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The latest trading session saw ZIM Integrated Shipping Services (ZIM - Free Report) ending at $24.39, denoting a -1.28% adjustment from its last day's close. The stock's performance was behind the S&P 500's daily loss of 0.05%. Meanwhile, the Dow lost 0.02%, and the Nasdaq, a tech-heavy index, added 0.18%.
Coming into today, shares of the container shipping company had gained 10.61% in the past month. In that same time, the Transportation sector gained 0.67%, while the S&P 500 gained 2.76%.
The investment community will be paying close attention to the earnings performance of ZIM Integrated Shipping Services in its upcoming release. The company's upcoming EPS is projected at $5.52, signifying a 380.2% increase compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $2.21 billion, showing a 73.8% escalation compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $11.22 per share and a revenue of $7.51 billion, signifying shifts of +321.3% and +45.4%, respectively, from the last year.
Any recent changes to analyst estimates for ZIM Integrated Shipping Services should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been a 3.19% rise in the Zacks Consensus EPS estimate. At present, ZIM Integrated Shipping Services boasts a Zacks Rank of #1 (Strong Buy).
In terms of valuation, ZIM Integrated Shipping Services is presently being traded at a Forward P/E ratio of 2.2. This signifies a discount in comparison to the average Forward P/E of 7.64 for its industry.
We can additionally observe that ZIM currently boasts a PEG ratio of 0.05. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Transportation - Shipping was holding an average PEG ratio of 0.75 at yesterday's closing price.
The Transportation - Shipping industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 100, which puts it in the top 40% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow ZIM in the coming trading sessions, be sure to utilize Zacks.com.
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ZIM Integrated Shipping Services (ZIM) Falls More Steeply Than Broader Market: What Investors Need to Know
The latest trading session saw ZIM Integrated Shipping Services (ZIM - Free Report) ending at $24.39, denoting a -1.28% adjustment from its last day's close. The stock's performance was behind the S&P 500's daily loss of 0.05%. Meanwhile, the Dow lost 0.02%, and the Nasdaq, a tech-heavy index, added 0.18%.
Coming into today, shares of the container shipping company had gained 10.61% in the past month. In that same time, the Transportation sector gained 0.67%, while the S&P 500 gained 2.76%.
The investment community will be paying close attention to the earnings performance of ZIM Integrated Shipping Services in its upcoming release. The company's upcoming EPS is projected at $5.52, signifying a 380.2% increase compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $2.21 billion, showing a 73.8% escalation compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $11.22 per share and a revenue of $7.51 billion, signifying shifts of +321.3% and +45.4%, respectively, from the last year.
Any recent changes to analyst estimates for ZIM Integrated Shipping Services should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been a 3.19% rise in the Zacks Consensus EPS estimate. At present, ZIM Integrated Shipping Services boasts a Zacks Rank of #1 (Strong Buy).
In terms of valuation, ZIM Integrated Shipping Services is presently being traded at a Forward P/E ratio of 2.2. This signifies a discount in comparison to the average Forward P/E of 7.64 for its industry.
We can additionally observe that ZIM currently boasts a PEG ratio of 0.05. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Transportation - Shipping was holding an average PEG ratio of 0.75 at yesterday's closing price.
The Transportation - Shipping industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 100, which puts it in the top 40% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow ZIM in the coming trading sessions, be sure to utilize Zacks.com.