ZIM (ZIM) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
ZIM (ZIM) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
ZIM Integrated Shipping Services (ZIM) closed at $18.50 in the latest trading session, marking a -1.18% move from the prior day.
Investors looking for stocks in the Transportation - Shipping sector might want to consider either ZIM Integrated Shipping Services (ZIM) or Kirby (KEX). But which of these two stocks offers value investors a better bang for their buck right now?
An analyst at an influential bank substantially lifted her price target on the shares. Despite this, she left her recommendation unchanged.
In the most recent trading session, ZIM Integrated Shipping Services (ZIM) closed at $19.32, indicating a -1.88% shift from the previous trading day.
ZIM Integrated: Dividend Does Not Lie
ZIM Integrated Shipping Services (ZIM) closed the most recent trading day at $17.38, moving -1.97% from the previous trading session.
Investors with an interest in Transportation - Shipping stocks have likely encountered both ZIM Integrated Shipping Services (ZIM) and Kirby (KEX). But which of these two companies is the best option for those looking for undervalued stocks?
After losing some value lately, a hammer chart pattern has been formed for ZIM (ZIM), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.
In the closing of the recent trading day, ZIM Integrated Shipping Services (ZIM) stood at $18.30, denoting a +1.05% change from the preceding trading day.
ZIM has rallied by +49% since April 2024, well outperforming the wider market and its container shipping peer, thanks to the FQ1'24 dividend pay out and the rising spot prices. Even so, the management has guided for an uncertain H2'24, attributed to its sustained fleet renewal, market oversupply, and potential impact on the balance sheet. The same uncertainty has been observed in the mixed consensus forward estimates, with ZIM expected to report a brief profitability respite in FY2024, before reverting to the red through FY2026.