ZIM Integrated Shipping Q2 EPS $(1.79) Misses $(0.88) Estimate, Sales $1.31B Miss $1.35B Estimate
Portfolio Pulse from Benzinga Newsdesk
ZIM Integrated Shipping (NYSE:ZIM) reported Q2 losses of $(1.79) per share, missing the analyst consensus estimate of $(0.88) by 103.41%. This is a 116.17% decrease from the same period last year. The company also reported quarterly sales of $1.31 billion, missing the analyst consensus estimate of $1.35 billion by 2.96%. This is a 61.80% decrease from the same period last year.
August 16, 2023 | 11:08 am
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NEGATIVE IMPACT
ZIM Integrated Shipping reported significant Q2 losses and missed sales estimates, indicating a potential negative impact on its stock price.
ZIM Integrated Shipping reported a significant decrease in earnings and sales compared to the same period last year, and also missed analyst estimates. This could lead to a decrease in investor confidence and a potential drop in the stock price.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100