ZIM Integrated Shipping Services Third Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]
ZIM Integrated Shipping Services Ltd. Ordinary Shares (ZIM)
Company Research
Source: Yahoo! Finance
Profit margin: 41% (up from net loss in 3Q 2023). The move to profitability was primarily driven by higher revenue. EPS: US$9.34 (up from US$18.90 loss in 3Q 2023). All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue exceeded analyst estimates by 15%. Earnings per share (EPS) also surpassed analyst estimates by 33%. Looking ahead, revenue is forecast to decline by 12% p.a. on average during the next 3 years, while revenues in the Shipping industry in the US are expected to remain flat. Performance of the American Shipping industry. The company's shares are down 4.4% from a week ago. What about risks? Every company has them, and we've spotted 3 warning signs for ZIM Integrated Shipping Services (of which 1 is a bit concerning!) you should know about. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is
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ZIM
News
- ZIM Q3 Earnings, Revenues Beat Estimates: Here's How to Play the Stock [Yahoo! Finance]Yahoo! Finance
- 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
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