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- 1 Zim Integrated Shipping Services Ltd. will release its next earnings report on May 22, 2023.
- 2 Expectations are high, as Q4 reports were relatively positive.
The global container shipping company Zim Integrated Shipping Services Ltd. (NYSE: ZIM) provides a dividend payout of $6.40 per share. The shipping company noted 2022 as a relatively profitable year, despite the shipping industry facing a noticeable decline and battling normalization. On March 13, ZIM released its Q4 2022 report, with earnings-per-share (EPS) profits of $3.44, beating an estimated $3.05.
ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) – Price Analysis
At press time, ZIM stock was trading at $16.90 with a drop of 1.00%; previous close and open were at $17.07 and $17.04, respectively. With an average volume of 4.86 Million shares, the market cap of the shipping company was $2.031 Billion. The 52-week change registered a drop of 72.95%; analysts have placed the price target at $25.16 with a 48.9% upside.
As per December 2022 data, the revenue dropped by 36.85% to $2.19 Billion, revenue per share was $104.67, and the quarterly revenue growth fell by 36.90%. The operating expenses increased by 54.45% to $510.00 Million, the net income suffered by 75.71% to $414.20 Million, and the net profit margin stumbled by 61.54% to $18.92. Returns on assets and equity gained 35.48% and 88.21%, respectively.
EBITDA dropped by 72.96% to $573.85 Million. The last earnings were released along with the Q4 report on March 13, 2023. The estimated revenue was $1.918 Billion, but it was reported to be $2.189 Billion, with a surprise of $271.494 Million and a rise of 14.16%. The subsequent earnings will be released on May 22, 2023, with an estimated $1.586 billion in revenue.
The company operates 15 vessels worldwide, of which 12 are car carriers. It ended 2022 with total liquidity of $4.6 Billion. They expect an EBITDA of $1.8 Billion to be around $2.2 Billion in 2023. However, this amount is considerably low from the adjusted EBITDA of full-year 2022 of approximately $7.5 Billion—a distribution of dividends worth $3.3 Billion, or 44% of the net income. However, critics argue that the estimates are too lofty.
In the earnings report, the company declared a dividend of $6.40 per share, making them pay $779 Million to shareholders. In 2022, ZIM paid $2.04 Billion or 44% of total net income in 2022.
ZIM Stock – Candle Exploration
The current price is close to the yearly low and has strong support. A downward-sloping trend line and EMA confirm the bearish trend. MACD is also giving similar indications. If the next earnings report turns out to be positive, there could be a rally. However, the price must first cross the trend line to move up. If that happens, the price could move to the EMA.
A hurdle stands at the $25.02 mark, and the price must cross it to increase. It could bounce off and consolidate, but clarity will be achieved after the earnings report scheduled on May 22, 2023.
Disclaimer:
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
