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ZIM Integrated Shipping’s Earnings: A Preview

ByBenzinga Insights

Aug 16, 2022
ZIM Integrated Shipping's Earnings: A Preview

 

ZIM Integrated Shipping ZIM is set to give its latest quarterly earnings report on Wednesday, 2022-08-17. Here’s what investors need to know before the announcement.

Analysts estimate that ZIM Integrated Shipping will report an earnings per share (EPS) of $12.84.

ZIM Integrated Shipping bulls will hope to hear the company to announce they’ve not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Historical Earnings Performance

Last quarter the company beat EPS by $1.66, which was followed by a 4.01% increase in the share price the next day.

Here’s a look at ZIM Integrated Shipping’s past performance and the resulting price change:

 







Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate 12.53 13.20 9.25 5.22
EPS Actual 14.19 14.17 12.16 7.38
Price Change % 4.01% 2.17% 3.16% -3.66%

Stock Performance

Shares of ZIM Integrated Shipping were trading at $50.57 as of August 15. Over the last 52-week period, shares are up 9.98%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

To track all earnings releases for ZIM Integrated Shipping visit their earnings calendar on our site.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.



Image and article originally from www.benzinga.com. Read the original article here.