ZIM Integrated Shipping Up 1.6% to $20.65, Projects –$1.01 EPS
Shares of ZIM Integrated Shipping Services climbed 1.57% to $20.65 while trailing the S&P 500’s 2.05% gain and losing 9.64% over the past month versus an 8.71% sector rise. Analysts forecast EPS of –$1.01 on $1.41 billion revenue for the upcoming quarter and full-year EPS of $2.65 on $6.83 billion revenue.
1. Stock Performance
Shares closed at $20.65, up 1.57% for the day while trailing the S&P 500’s 2.05% gain, the Dow’s 2.54% advance and the Nasdaq’s 2.27% rise. Over the past month, shares have declined 9.64%, compared with an 8.71% gain in the transportation sector and a 1.49% drop by the S&P 500.
2. Quarterly Projections
For the upcoming quarter, EPS are projected at –$1.01 on revenue of $1.41 billion, a 121.67% drop in EPS and a 34.92% decline in revenue from the same quarter last year.
3. Full-Year Outlook
Full-year forecasts call for EPS of $2.65 and revenue of $6.83 billion, representing year-over-year declines of 85.13% and 18.95%, respectively.
4. Analyst Consensus and Industry Position
Analyst estimates for EPS have risen 7.96% over the past month, underpinning a buy consensus. The transportation shipping industry ranks in the bottom 37% of sectors based on average analyst outlook.