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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ZIM
News
- Should Value Investors Buy ZIM Integrated Shipping Services (ZIM) Stock? [Yahoo! Finance]Yahoo! Finance
- How to Find Strong Buy Transportation Stocks Using the Zacks Rank [Yahoo! Finance]Yahoo! Finance
- 4 Must-Own Transportation Growth Stocks for 2025 to Buy Now [Yahoo! Finance]Yahoo! Finance
- Why Is ZIM (ZIM) Down 24.1% Since Last Earnings Report? [Yahoo! Finance]Yahoo! Finance
- Is ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Potentially Undervalued? [Yahoo! Finance]Yahoo! Finance
ZIM
Earnings
- 11/20/24 - Beat
ZIM
Sec Filings
- 12/23/24 - Form 6-K
- 12/13/24 - Form 144
- 12/12/24 - Form 144
- ZIM's page on the SEC website