ZIM Integrated Shipping Services First Quarter 2024 Earnings: EPS: US$0.75 (vs US$0.49 loss in 1Q 2023)

ZIM Integrated Shipping Services (NYSE:ZIM) First Quarter 2024 Results

Key Financial Results

• Revenue: US$1.56b (up 14% from 1Q 2023).
• Net income: US$90.3m (up from US$59.5m loss in 1Q 2023).
• Profit margin: 5.8% (up from net loss in 1Q 2023).
• EPS: US$0.75 (up from US$0.49 loss in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

ZIM Integrated Shipping Services Earnings Insights

Looking ahead, revenue is forecast to decline by 1.5% p.a. on average during the next 3 years, while revenues in the Shipping industry in the US are expected to remain flat.

Performance of the American Shipping industry.

The company's shares are down 2.4% from a week ago.

Risk Analysis

You still need to take note of risks, for example - ZIM Integrated Shipping Services has 1 warning sign we think you should be aware of.

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