ZIM Integrated Shipping Services Third Quarter 2022 Earnings: EPS Beats Expectations
ZIM Integrated Shipping Services (NYSE:ZIM) Third Quarter 2022 Results
Key Financial Results
Revenue: US$3.23b (up 2.9% from 3Q 2021).
Net income: US$1.16b (down 20% from 3Q 2021).
Profit margin: 36% (down from 47% in 3Q 2021). The decrease in margin was driven by higher expenses.
EPS: US$9.69 (down from US$12.53 in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
ZIM Integrated Shipping Services EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.3%.
Looking ahead, revenue is expected to fall by 30% p.a. on average during the next 3 years compared to a 8.1% decline forecast for the Shipping industry in the US.
Performance of the American Shipping industry.
The company's shares are down 8.5% from a week ago.
Risk Analysis
It is worth noting though that we have found 2 warning signs for ZIM Integrated Shipping Services (1 makes us a bit uncomfortable!) that you need to take into consideration.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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