Is Buying ZIM Stock a Smart Move Before It Reports Q3 Earnings?

Like
Comment
Favorite

Is Buying ZIM Stock a Smart Move Before It Reports Q3 Earnings?

Zacks11-14

ZIM Integrated Shipping Services Ltd. ZIM is set to report third-quarter 2024 results on Nov. 20, before market open. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. The ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

No comments yet

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2483851612?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/fQdAvaW92mX2nsT7hmgaNA--~B/aD01MDg7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/bdd59e6db25ac43e6109a4e27ccf3b72","is_english":true,"pubTime":"2024-11-14 01:36","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2483851612","market":"us","top_or_hot":-1,"title":"Is Buying ZIM Stock a Smart Move Before It Reports Q3 Earnings?","media":"Zacks","content":"<div>\n<p>ZIM Integrated Shipping Services Ltd. ZIM is set to report third-quarter 2024 results on Nov. 20, before market open.  \nStay up-to-date with all quarterly releases: See Zacks Earnings Calendar.\nThe ...</p>\n\n<a href=\"https://finance.yahoo.com/news/buying-zim-stock-smart-move-173600895.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is Buying ZIM Stock a Smart Move Before It Reports Q3 Earnings?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs Buying ZIM Stock a Smart Move Before It Reports Q3 Earnings?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-14 01:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/buying-zim-stock-smart-move-173600895.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ZIM Integrated Shipping Services Ltd. ZIM is set to report third-quarter 2024 results on Nov. 20, before market open.  \nStay up-to-date with all quarterly releases: See Zacks Earnings Calendar.\nThe ...</p>\n\n<a href=\"https://finance.yahoo.com/news/buying-zim-stock-smart-move-173600895.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ZIM","symbol_name":"以星航运","start_time":0,"source_url":"https://finance.yahoo.com/news/buying-zim-stock-smart-move-173600895.html","article_id":"2483851612","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/fQdAvaW92mX2nsT7hmgaNA--~B/aD01MDg7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/bdd59e6db25ac43e6109a4e27ccf3b72"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483851612","pubTimestamp":1731519360,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"ZIM Integrated Shipping Services Ltd. ZIM is set to reportthird-quarter 2024 resultson Nov. 20, before market open.Stay up-to-date with all quarterly releases: See ZacksEarnings Calendar.The Zacks Consensus Estimate for third-quarter 2024 earnings was revised upward in the past 60 days to $6.19 per share. The consensus mark implies a massive 414.2% upsurge from the year-ago actual. The Zacks Consensus Estimate for third-quarter 2024 revenues is pegged at $2.21 billion, suggesting a 73.8% uptick from the year-ago actual.ZIM has a mixed earnings surprise history, as reflected in the chart below.Our proven model predicts an earnings beat for ZIM this time around. The combination of a positiveEarnings ESPand a Zacks Rank #1 , 2  or 3  increases the odds of an earnings beat. This is the case here. You can uncover the best stocks to buy or sell before they are reported with ourEarnings ESP Filter.The companies are using the longer and costlier route around the Cape of Good Hope in South Afri","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"ZIM":"以星航运"},"translate_title":"在以星公布第三季度收益之前购买其股票是明智之举吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ZIM":1},"content_text":"ZIM Integrated Shipping Services Ltd. ZIM is set to report third-quarter 2024 results on Nov. 20, before market open.  \nStay up-to-date with all quarterly releases: See Zacks Earnings Calendar.\nThe Zacks Consensus Estimate for third-quarter 2024 earnings was revised upward in the past 60 days to $6.19 per share. The consensus mark implies a massive 414.2% upsurge from the year-ago actual. The Zacks Consensus Estimate for third-quarter 2024 revenues is pegged at $2.21 billion, suggesting a 73.8% uptick from the year-ago actual.\n Image Source: Zacks Investment Research\nZIM has a mixed earnings surprise history, as reflected in the chart below.\nImage Source: Zacks Investment Research\n \nEarnings Whispers for Q3\nOur proven model predicts an earnings beat for ZIM this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. This is the case here. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.\nZIM has an Earnings ESP of +29.24% and currently flaunts a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.\nFactors Likely to Shape ZIM’s Q3 Results\nWe expect the company’s bottom-line performance to have been hit by escalated voyage operating costs. High labor costs are also likely to have been spoilsports.\nOn a brighter note, continued fleet expansion initiatives are likely to have driven the company’s performance. Reduced container availability due to Red Sea tensions is expected to have raised freight costs. This is anticipated to have aided the quarterly performance of ZIM, which provides service to East Mediterranean and Israeli ports. Revenues and carried volumes are expected to have surged due to the disruptions. Lower capacity is anticipated to have boosted earnings.\nPrice Performance & Valuation\nOn a year-to-date basis, ZIM shares have surged 144.9%, outperforming the industry’s gain of 19%. The company’s shares have also outperformed fellow industry players Frontline FRO and Seanergy Maritime Holdings SHIP in the same timeframe.\nYTD Price Comparison\n\nImage Source: Zacks Investment Research\nFrom a valuation perspective, ZIM is trading at a discount compared with the industry based on its price/sales ratio. The company is trading at a forward sales multiple of 0.45 compared with its industry’s 2.33. The reading is also below its median of 1.73 over the last three years.\nImage Source: Zacks Investment Research\n \nInvestor Considerations\nHeightened freight rates due to the Red Sea shipping crisis are turning out to be a huge positive for ZIM. The crisis caused by the attacks by Yemen’s Houthi militants on vessels in the Red Sea has prompted many shipping companies, including ZIM, to hit a transit pause through this route.\nThe companies are using the longer and costlier route around the Cape of Good Hope in South Africa rather than going through the Suez Canal. Reduced container availability due to the Red Sea tensions has resulted in higher freight costs. The company’s long-term prospects are also solid.\nZIM’s long-term (3-5 years) earnings growth rate is an impressive 47.4%, higher than its industry’s 29.4%.\nFinal Verdict \nGiven the positivities surrounding the company, as highlighted throughout the write-up, we believe that investors should add ZIM stock to their portfolios for healthy returns ahead of its earnings release on Nov. 20. The company’s current Zacks Rank supports our stance.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nFrontline PLC (FRO) : Free Stock Analysis Report\nSeanergy Maritime Holdings Corp (SHIP) : Free Stock Analysis Report\nZIM Integrated Shipping Services Ltd. (ZIM) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}