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Should You Buy #1 (Strong Buy)-Ranked ZIM Integrated Shipping Services (ZIM) for Your Portfolio?
ZIM Integrated Shipping Services was upgraded to the Zacks Rank #1 list on December 14, 2024. The Zacks Rank is a unique stock-rating model that helps you take advantage of earnings estimate revision trends and provides a way to get into stocks highly sought after by institutional investors.
ZIM Integrated Shipping Services Limited is a global container liner shipping company. The company, founded in 1945, is headquartered in Haifa, Israel. It went public in early 2021.
For fiscal 2024, two analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $3.10 to $16.75 per share. ZIM boasts an average earnings surprise of 12.6%.
Analysts are expecting earnings to grow 430.4% for the current fiscal year, with revenue forecasted to rise 61.6%.
Additionally, ZIM has climbed higher over the past four weeks, gaining 1.9%. The S&P 500 is up 1.3% in comparison.
Bottom Line
With a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, ZIM Integrated Shipping Services could be just the stock to help your portfolio generate returns that could fund your retirement, your kids' college tuition, or your short- and long-term savings goals.
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ZIM Integrated Shipping Services Ltd. (ZIM) : Free Stock Analysis Report