Earnings calendar for the week starting 11Mar24 - will ZIM sink or float?
Earnings Calendar (11 Mar 2024)
In the coming week, there are a few earnings of interest like Oracle, Clover, ZIM, UIPath, Dollar General, Adobe and Jabil.
Let us look at the earnings of ZIM in detail.
Zim Integrated Shipping Services Ltd., commonly known as ZIM, is a publicly held Israeli international cargo shipping company, and one of the top 20 global carriers.
The stock has fallen 45.72% from a year ago and currently, Investing has issued a “Strong Sell” rating.
ZIM saw revenue growth for the last few years, from $3,991M (2020) to $13,839M (TTM).
The Operating income has grown from $705M (2020) to $7,551M (TTM).
Unfortunately, EPS (TTM) has turned negative at -17.75.
For the balance sheet, we see growth in Total Assets and Total Debt.
Capitalization has increased over time and ordinary shares have grown over the years.
It is good to have growing free cash flow over the last few years, ending up with $6,479M (TTM).
Zim is also paying down the debts over the last few years.
End Cash positions remain good at around $1,304M (TTM).
For the coming earnings, the forecast of EPS and Revenue are -1.44 and 1.21B respectively. Will ZIM continue to make a loss? Is this a reflection of the wider shipping industry?
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