In the latest trading session, ZIM Integrated Shipping Services (ZIM) closed at $13.71, marking a +1.18% move from the previous day. This change outpaced the S&P 500's 0.34% gain on the day. Elsewhere, the Dow gained 0.09%, while the tech-heavy Nasdaq added 0.42%.
The container shipping company's stock has dropped by 0.81% in the past month, falling short of the Transportation sector's loss of 0.18% and the S&P 500's gain of 3.54%.
Analysts and investors alike will be keeping a close eye on the performance of ZIM Integrated Shipping Services in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $1.14, marking a 87.79% fall compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $1.8 billion, reflecting a 34.75% fall from the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $3.32 per share and revenue of $7.08 billion, indicating changes of -81.37% and -15.94%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for ZIM Integrated Shipping Services. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. At present, ZIM Integrated Shipping Services boasts a Zacks Rank of #3 (Hold).
In terms of valuation, ZIM Integrated Shipping Services is currently trading at a Forward P/E ratio of 4.08. This indicates a discount in contrast to its industry's Forward P/E of 11.29.
It is also worth noting that ZIM currently has a PEG ratio of 0.16. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Transportation – Shipping industry currently had an average PEG ratio of 0.51 as of yesterday's close.
