The most recent trading session ended with ZIM Integrated Shipping Services (ZIM) standing at $19.06, reflecting a -1.19% shift from the previouse trading day's closing. The stock's performance was behind the S&P 500's daily gain of 0.38%. Meanwhile, the Dow experienced a rise of 0.61%, and the technology-dominated Nasdaq saw an increase of 0.03%. Shares of the container shipping company witnessed a gain of 5.41% over the previous month, beating the performance of the Transportation sector with its loss of ...

Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time. Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead ...

Portra/DigitalVision via Getty Images Global freight rates have ticked up markedly in the past several months. Torsten Slok of Apollo Global has a revealing chart of the trend. It shows that many routes around the world have jumped to levels not seen since late 2022. That's a near-term tailwind for shipping companies, but this bullish reversal from depressed rates last year could be short-lived, resulting in profitability risks for volatile shipping stocks. If spot rates indeed roll back over, then firms ex ...

ZIM Integrated Shipping Services (ZIM) is slated to release second-quarter 2024 results on Aug 19, before market open. The Zacks Consensus Estimate for second-quarter 2024 earnings is currently pegged at $2.07 per share, implying a 252% surge from the year-ago figure. The Zacks Consensus Estimate for second-quarter 2024 revenues is currently pegged at $1.59 billion, indicating a 21.3% year-over-year increase. ZIM Integrated Shipping, which went public in February 2021, surpassed the Zacks Consensus Estimate ...

Investors might want to bet on ZIM Integrated Shipping Services (ZIM) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook. The upward trend in estimate revisions for this container shipping company reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows ...

Core Viewpoint - Investors in the Transportation - Shipping sector should consider ZIM Integrated Shipping Services (ZIM) and Kirby (KEX) as potential value opportunities, with ZIM currently appearing to offer better value based on various financial metrics [1][7]. Valuation Metrics - ZIM has a forward P/E ratio of 2.99, significantly lower than KEX's forward P/E of 20.65, indicating ZIM may be undervalued [5]. - The PEG ratio for ZIM is 0.09, compared to KEX's PEG ratio of 0.69, suggesting ZIM has a more favorable earnings growth outlook relative to its price [5]. - ZIM's P/B ratio stands at 0.88, while KEX has a P/B ratio of 2.02, further indicating ZIM's stock may be undervalued compared to its book value [6]. Earnings Outlook - Both ZIM and KEX have a Zacks Rank of 2 (Buy), reflecting an improving earnings outlook due to positive analyst estimate revisions [3]. - The Zacks Rank emphasizes earnings estimates, which is a critical factor for value investors [2]. Value Grades - ZIM holds a Value grade of A, while KEX has a Value grade of C, highlighting ZIM as the superior value option based on the analyzed metrics [6][7].

Core Insights - Zim Integrated Shipping Services experienced a significant stock price increase of nearly 12% over the past week, driven by a substantial price target increase from an analyst despite a generally bearish outlook on the company [2][3]. Price Target and Analyst Recommendations - Bank of America Securities analyst Muneeba Kayani raised Zim's price target from $9.20 to $12.20, marking a notable increase, but maintained an underperform (sell) recommendation on the company [3]. Impact of Market Conditions - The ongoing unrest in the Middle East has influenced ocean shipping operations, but Kayani noted that this situation has not negatively impacted Zim. Instead, the unrest has led to higher freight shipping rates, positively affecting the company's fundamentals [4]. Earnings Forecast Adjustments - Following the analysis of current market conditions, Kayani increased her estimates for Zim's second quarter and second half of 2024. She raised the forecast for the company's non-GAAP EBITDA by 44% to $2.2 billion, which exceeds management's guidance of $1.15 billion to $1.55 billion [5].

The most recent trading session ended with ZIM Integrated Shipping Services (ZIM) standing at $19.32, reflecting a -1.88% shift from the previouse trading day's closing. This change lagged the S&P 500's 1.37% loss on the day. Elsewhere, the Dow lost 1.21%, while the tech-heavy Nasdaq lost 2.3%. The container shipping company's shares have seen a decrease of 13.37% over the last month, not keeping up with the Transportation sector's gain of 1.79% and the S&P 500's gain of 1.11%. The investment community will ...

Mary Salen/iStock Editorial via Getty Images ZIM stock: dividend has returned I last wrote on ZIM Integrated Shipping Services (NYSE:ZIM) about three months ago. As you can see from the chart below, that article was titled "ZIM Integrated: The Dividend Could Return In 2024" and was published on May 1, 2024. The article argued for a buy rating based on the following considerations: l see positive signs emerging for ZIM now, including recovery in both volume and rates. I expect a net profit in 2024 and a pote ...

HAIFA, Israel, July 29, 2024 /PRNewswire/ -- ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) announced today that the Company will release its second quarter 2024 financial results on Monday, August 19, 2024, before the U.S. financial markets open. Management will host a conference call and webcast (along with a slide presentation) to review the results and provide a corporate update at 8:00 AM ET. To access the live conference call by telephone, please dial the following numbers: United States (TF) +1-80 ...