Earnings for the coming week (18Nov24) - is ZIM worth a look?
Earnings Calendar (18Nov24)
There are a few interesting earnings namely Baidu, Walmart, NIO, ZIM, and Lowe’s.
Let us look at ZIM
Who is ZIM Integrated Shipping Services?
ZIM Integrated Shipping Services (ZIM) is an Israeli shipping company that offers container shipping, logistics, and other services:
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Services
ZIM offers a variety of services, including container shipping, refrigerated cargo, dangerous and hazardous cargo, and inland transport.
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Fleet
ZIM is the world's 10th largest container ship operator and the leading Middle Eastern operator. As of May 2023, ZIM operated 139 container ships, with a combined capacity of nearly 600,000 TEUs.
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Technology
ZIM offers a real-time monitoring system called ZIMonitor, which provides customers with 24/7 alerts on route deviations, temperature and humidity deviation on their cargo.
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History
ZIM was founded in 1945 to transport immigrants and supplies from Europe to Israel. It was state-owned until its privatization in 2004. ZIM has traded on the New York Stock Exchange since 2021.
The above summary is provided by Google Gemini
ZIM’s recent performance
Observations:
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Revenue grew from $2.97B (2017) to $5.16B (2023)
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Operating Profit grew from $136M (2017) to a loss of $2.2B (2023)
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Earnings per Share (EPS) fell from $0.06 (2017) to -$22.42 (2023)
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The 10-year median margin for Free Cash Flow (FCF) is 20.3%
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The 10-year median margin for Gross profit is 9.4%
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The stock has risen 242.5% compared to a year ago.
According to Investing dot com’s technical analysis, the recommendation is “Strong Buy.” For Analysts' Sentiment, the recommendation is “Sell,” with a price target of $17.73 and a downside of 32.07%.
For the coming earnings, the forecast for its EPS and Revenue are $6.95 and $2.39B respectively.
For ZIM, I prefer to be monitoring for now. As a supply chain professional, the supply chain volume can be seen as a prequel to the economy.
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