ZIM Integrated Shipping Q4 EPS $(1.23) Beats $(1.29) Estimate, Sales $1.21B Miss $1.28B Estimate
Portfolio Pulse from Benzinga Newsdesk
ZIM Integrated Shipping reported Q4 losses of $(1.23) per share, beating the $(1.29) estimate but marking a 135.76% decrease from last year's earnings. Sales were $1.21B, missing the $1.28B estimate and showing a 44.95% decrease from the previous year.
March 13, 2024 | 11:02 am
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ZIM Integrated Shipping's Q4 report shows a significant decrease in earnings and sales compared to last year, despite beating EPS estimates.
The significant year-over-year decrease in both earnings and sales, despite beating the EPS estimate, suggests a negative outlook for ZIM's short-term stock performance. The missed sales estimate further exacerbates concerns about the company's revenue generation capabilities.
CONFIDENCE 90
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RELEVANCE 100