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ZIM Integrated Shipping Services Ltd. (ZIM), together with its subsidiaries, provides container shipping and related services in Israel and internationally.
The company provides seaborne transportation and logistics services comprising dry, reefer, project, out of gauge, breakbulk, and dangerous cargo services; inland transport services; and ZIMonitor, a reefer cargo tracking service.
As of March 31, 2021, it operated a fleet of 101 vessels with a global network of 69 weekly lines.
ZIM Integrated Shipping Services Ltd. was founded in 1945 and is headquartered in Haifa, Israel.
Please note, this stock reports earnings on Wednesday, February 16th.
Zim Integrated Shipping Services reported 3rd Quarter September 2021 earnings of $12.16 per share on revenue of $3.1 billion. The consensus earnings estimate was $9.20 per share on revenue of $2.6 billion.
The company said it now expects 2021 Adjusted EBITDA of $6.20 billion to $6.40 billion. The company's previous guidance was Adjusted EBITDA of $4.80 to $5.20 billion for the year ending December 31, 2021.
With such a high demand for goods, this stock should have a strong earnings report as the shipping company reaps the benefits of limited supply. The stock's chart has shown that shares are planning on breaking out of their "bullish cup and handle" formation, signaling upwards momentum and strong earnings.
Entry Price: $70.75
Stop Loss: $67.50
Trading Range: $15.13 - $72.56
Target Price: $77.00
ZIM closed at $79.20
