ZIM Integrated Shipping Services Ltd reports results for the quarter ended September 30 - Earnings Summary

• ZIM Integrated Shipping Services Ltd ZIM.N reported quarterly adjusted earnings of $9.34​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $-1.74. The mean expectation of four analysts for the quarter was for earnings of $7.05 per share. Wall Street expected results to range from $6.58 to $8.00 per share.

• Revenue rose 117.2% to $2.77 billion from a year ago; analysts expected $2.43 billion.

• ZIM Integrated Shipping Services Ltd's reported EPS for the quarter was $9.34​.

• The company reported quarterly net income of $1.12 billion.

• ZIM Integrated Shipping Services Ltd shares had risen by 4.4% this quarter and gained 171.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 55.3% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 3 "hold" and 4 "sell" or "strong sell."

• The average consensus recommendation for the marine freight & logistics peer group is also "hold"

Wall Street's median 12-month price target for ZIM Integrated Shipping Services Ltd is $18.00

This summary was machine generated from LSEG data November 20 at 02:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)