ZIM Integrated Shipping Q2 2024 GAAP EPS $3.08 Beats $1.66 Estimate, Sales $1.933B Beat $1.799B Estimate
Portfolio Pulse from Benzinga Newsdesk
ZIM Integrated Shipping (NYSE:ZIM) reported Q2 2024 earnings per share (EPS) of $3.08, significantly beating the analyst estimate of $1.66. The company also reported sales of $1.933 billion, surpassing the estimate of $1.799 billion. This marks a substantial improvement from the same period last year, with EPS increasing by 272.07% and sales by 47.56%.
August 19, 2024 | 11:04 am
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ZIM Integrated Shipping reported Q2 2024 EPS of $3.08, beating the analyst estimate of $1.66 by 85.54%. Sales also exceeded expectations, coming in at $1.933 billion versus the $1.799 billion estimate. This represents a significant year-over-year improvement in both EPS and sales.
The substantial beat on both EPS and sales estimates, along with significant year-over-year growth, is likely to positively impact ZIM's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100