ZIM Q3 Earnings, Revenues Beat Estimates: Here's How to Play the Stock [Yahoo! Finance]
ZIM Integrated Shipping Services Ltd. Ordinary Shares (ZIM)
Company Research
Source: Yahoo! Finance
Earnings and revenues surpassed the Zacks Consensus Estimate by 25.4% and 25%, respectively. The third-quarter results were driven by strong freight rates and carried volumes. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar ZIM's third-quarter 2024 earnings of $9.34 per sharebreezed past the Zacks Consensus Estimate of $7.45. In the year-ago quarter, the container liner shipping company had incurred a loss of $1.97 per share. Quarterly revenues of $2.77 billion beat the Zacks Consensus Estimate of $2.21 billion. In the year-ago quarter, the shipping company had reported revenues of $1.27 billion. Carried volume in the third quarter increased 12% year over year to 970 thousand TEUs (twenty-foot equivalent unit). The average freight rate per TEU in the September quarter surged 118% year over year to $2,480. Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) in the September quarter skyrocketed 626% year over year to $1.53 bill
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News
- Why Zim Integrated Shipping Services Inched Higher Today [Yahoo! Finance]Yahoo! Finance
- ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) had its "hold" rating re-affirmed by analysts at Jefferies Financial Group Inc.. They now have a $25.00 price target on the stock.MarketBeat
- ZIM Reports Financial Results for the Third Quarter of 2024; Raises Full Year 2024 Guidance [Yahoo! Finance]Yahoo! Finance
- ZIM Reports Financial Results for the Third Quarter of 2024; Raises Full Year 2024 GuidancePR Newswire
- ZIM vs. KEX: Which Stock Is the Better Value Option? [Yahoo! Finance]Yahoo! Finance
ZIM
Earnings
- 11/20/24 - Beat
ZIM
Sec Filings
- 11/21/24 - Form 144
- 11/20/24 - Form 6-K
- 11/14/24 - Form SC
- ZIM's page on the SEC website