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ZIM (ZIM) Shows Fast-paced Momentum But Is Still a Bargain Stock
ZACKS· 2024-11-22 14:50
Group 1 - Momentum investing focuses on "buying high and selling higher" rather than traditional strategies of "buying low and selling high" [1] - Fast-moving trending stocks can be risky if their valuations exceed future growth potential, leading to potential losses for investors [2] - Investing in bargain stocks with recent price momentum can be a safer strategy, utilizing tools like the Zacks Momentum Style Score to identify such opportunities [3] Group 2 - ZIM Integrated Shipping Services (ZIM) has shown significant price momentum, with a four-week price change of 6.9% and a 30.3% increase over the past 12 weeks [4][5] - ZIM's stock has a beta of 1.88, indicating it moves 88% more than the market, suggesting strong momentum [5] - ZIM has a Momentum Score of A, indicating a favorable time to invest, and it also holds a Zacks Rank 1 (Strong Buy) due to upward earnings estimate revisions [6][7] Group 3 - ZIM is trading at a low Price-to-Sales ratio of 0.39, meaning investors pay only 39 cents for each dollar of sales, indicating a reasonable valuation [7] - The stock has potential for further growth, supported by its fast-paced momentum characteristics [8] - Other stocks also meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, providing additional investment opportunities [8]
ZIM Q3 Earnings, Revenues Beat Estimates: Here's How to Play the Stock
ZACKS· 2024-11-21 19:26
ZIM Integrated Shipping Services Ltd. (ZIM) reported better-than-expected third-quarter 2024 earnings per share on Nov. 20. 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.Highlights of ZIM’s Q3 EarningsZIM’s third-quarter 2024 earnings of $9.34 per sharebreezed past the Zacks Consensus Estimate of $7.45. In th ...
Why Zim Integrated Shipping Services Inched Higher Today
The Motley Fool· 2024-11-20 22:48
Zim Integrated Shipping Services (ZIM 0.86%) reported a better-than-expected third quarter on Wednesday, and news of the company's performance pushed its share price marginally higher. Double-digit gains during the trading session moderated toward the close, but the stock ended the day with a nearly 1% increase. That compared favorably to the flat line that was the S&P 500 (^GSPC 0.40%).A very memorable quarterIt was a beat-and-raise quarter for Zim, which saw its revenue more than double year over year. It ...
ZIM Integrated: Selling The Great News On Potential 2025 Headwinds (Downgrade)
Seeking Alpha· 2024-11-20 21:43
I am mostly a trader engaging in both long and short bets intraday and occasionally over the short- to medium term. My historical focus has been mostly on tech stocks but over the past couple of years I have also started broad coverage of the offshore drilling and supply industry as well as the shipping industry in general (tankers, containers, drybulk). In addition, I am having a close eye on the still nascent fuel cell industry.I am located in Germany and have worked quite some time as an auditor for Pric ...
ZIM Integrated Shipping Services .(ZIM) - 2024 Q3 - Earnings Call Transcript
2024-11-20 16:05
ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Q3 2024 Earnings Conference Call November 20, 2024 8:00 AM ET Company Participants Elana Holzman - Head of Investor Relations Eli Glickman - President and Chief Executive Officer Xavier Destriau - Executive Vice President and Chief Financial Officer Conference Call Participants Omar Nokta - Jefferies Alexia Dogani - JPMorgan Sathish Sivakumar - Citigroup Operator Ladies and gentlemen, thank you for standing by. My name is Christa and I will be your conference ...
ZIM Integrated Shipping Services .(ZIM) - 2024 Q3 - Earnings Call Presentation
2024-11-20 15:47
Investor Presentation Q3 2024 FINANCIAL RESULTS November 20, 2024 Disclaimer Forward-Looking Statements The following information contains, or may be deemed to contain forward-looking statements (as defined in the U.S. Private Securities Litigation Reform Act of 1995). In some cases, you can identify these statements by forward-looking words such as "may," "might," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of these terms and o ...
ZIM Integrated Shipping Services (ZIM) Surpasses Q3 Earnings and Revenue Estimates
ZACKS· 2024-11-20 14:11
Company Performance - ZIM Integrated Shipping Services reported quarterly earnings of $9.34 per share, exceeding the Zacks Consensus Estimate of $7.45 per share, and a significant improvement from a loss of $1.97 per share a year ago, representing an earnings surprise of 25.37% [1] - The company posted revenues of $2.77 billion for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 24.98%, compared to revenues of $1.27 billion in the same quarter last year [2] - Over the last four quarters, ZIM has surpassed consensus EPS estimates three times and has topped consensus revenue estimates three times as well [2] Stock Performance - ZIM shares have increased approximately 171.3% since the beginning of the year, significantly outperforming the S&P 500's gain of 24.1% [4] - The current consensus EPS estimate for the upcoming quarter is $2.23 on revenues of $1.8 billion, and for the current fiscal year, it is $13.65 on revenues of $7.51 billion [8] Industry Outlook - The Transportation - Shipping industry, to which ZIM belongs, is currently ranked in the bottom 20% of over 250 Zacks industries, indicating potential challenges ahead [9] - The earnings outlook for ZIM is favorable, with a Zacks Rank of 1 (Strong Buy), suggesting that the shares are expected to outperform the market in the near future [7]
ZIM Integrated Shipping Services .(ZIM) - 2024 Q3 - Quarterly Report
2024-11-20 12:05
Exhibit 99.2 ZIM INTEGRATED SHIPPING SERVICES LTD. CONDENSED CONSOLIDATED UNAUDITED INTERIM FINANCIAL STATEMENTS SEPTEMBER 30, 2024 ZIM INTEGRATED SHIPPING SERVICES LTD. INDEX TO CONDENSED CONSOLIDATED UNAUDITED INTERIM FINANCIAL STATEMENTS | --- | --- | |--------------------------------------------------------------------------------------------|-------| | FINANCIAL STATEMENTS: | Page | | Condensed consolidated unaudited interim Statements of Financial Position | 3 | | Condensed consolidated unaudited inte ...
ZIM Reports Financial Results for the Third Quarter of 2024; Raises Full Year 2024 Guidance
Prnewswire· 2024-11-20 12:00
Reported Revenues of $2.77 Billion, Net Income of $1.13 Billion, Adjusted EBITDA1 of $1.53 Billion and Adjusted EBIT of $1.24 Billion2; Achieved Adjusted EBITDA and Adjusted EBIT Margins of 55% and 45%, RespectivelyAchieved 12% Volume Growth YOY with Record Carried Volume of 970 Thousand TEUs in Q3 2024Increased Full Year 2024 Guidance to Adjusted EBITDA of $3.3 Billion to $3.6 Billion and Adjusted EBIT of $2.15 Billion to $2.45 Billion3Declared Increased Dividend of ~$440 million, Comprised of a Regular Di ...
ZIM Integrated Shipping: Fleet Expansion On Track While Red Sea Conflict Maintains Freight Rates
Seeking Alpha· 2024-11-17 12:40
Small deep value individual investor, with a modest private investment portfolio, split approx. 50%-50% between shares and call options. I have a B.Sc. in aeronautical engineering and over 6 years of experience as an engineering consultant in the aerospace sector. The latter statement is not relevant in any way whatsoever to my investment style, but I thought to add it for self-indulgent purposes. I have a contrarian investment style, highly risky, and often dealing with illiquid options. How illiquid? Well ...