2023-05-19 10:45:00 ET
- ZIM Integrated Shipping Services ( NYSE: ZIM ) is scheduled to announce Q1 earnings results on Monday, May 22nd, before market open.
- The consensus EPS Estimate is -$0.22 vs. $14.19 year ago and the consensus Revenue Estimate is $1.59B (-57.3% Y/Y).
- Over the last 1 year, ZIM has beaten EPS estimates 100% of the time and has beaten revenue estimates 100% of the time.
- Last month, J.P. Morgan analyst Samuel Bland downgraded the stock to Neutral from Overweight and lowered the price target to $20.80, from $27, due to uncertainty on the longevity of the company’s transpacific rates and spot rate outlook. “We expect the group to underperform peers from a profitability perspective over the next 2-3 years, due to the high costs related to ship charters," analyst concluded.
- Stock gets a Hold rating from SA Quant Rating System , in contrast to Sell rating from Wall Street Analysts .
- SA Analysts screens stock as Buy .
- ZIM lost about 50% of its value over a period of one year.
- Recent earnings Analysis from our contributors:
- ZIM Integrated: The Gift Is Back Again ZIM Integrated: Why It May Beat The Q1 Consensus
- ZIM Integrated: Why It May Beat The Q1 Consensus
For further details see:
What to expect from ZIM Integrated Shipping Services Q1 2023 Earnings