ZIM

ZIM Integrated Shipping Services Ltd. said it carried less cargo than a year ago as weak demand sent it to a loss in the first quarter. The Israeli liner (NYSE: ZIM), which is set to be acquired by Hapag-Lloyd of Germany, posted a net loss of $86 million compared to net income of $296 million in the first quarter of 2025. A diluted loss per share of $.71 marked a reversal compared to diluted earnings per share of $2.45 a year ago. Revenues slumped 30% to $1.4 billion y/y. Most major carriers in the quarter saw profits tumble on increased shipments; Zim was an exception as carried volume in the first quarter was 866,000 twenty foot equivalent units (TEUs), off 8% y/y. It’s worth noting difficult year-on-year comparisons industry-wide due to elevated frontloading in 2025 as shippers rushed to beat tariff increases. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) crashed 60% to $313 million. The operating loss of earnings before interest and taxes (EBIT) was $18 million, from income of $464 million the previous year. Adjusted EBIT loss for the first quarter was $5 million, compared to adjusted EBIT of $463 million in the first quarter of 2025. Zim’s average freight rate per TEU was $1,310, down 26%. “Our first quarter results were broadly in line with our expectations, reflecting a softer freight rate environment, coupled with weaker demand,” said Eli Glickman, Zim president and chief executive, in a statement. Glickman said that while higher fuel costs from the Iran conflict in the Persian Gulf had minimal effect in the first quarter, the company expects a greater impact in the second quarter. The carrier has increased freight rates and applied bunker-specific surcharges to offset higher costs. “Although market fundamentals remain challenging across ZIM’s main trade lanes, we have recently observed a positive change in the trend on the trans-Pacific trade with freight rates strengthening alongside demand,” said Glickman. “If this momentum continues, we expect it to support our financial performance, particularly in the second half of the year.” As in 2025, Zim again is aligning its business plan with the spot market. Approximately 65% of its contracted trans-Pacific volume is exposed to spot rates. “This approach underpins our nimble commercial strategy and allows us to stay agile and proactive in deploying capacity as demand p...

HAIFA, Israel (AP) — HAIFA, Israel (AP) — ZIM Integrated Shipping Services Ltd. (ZIM) on Wednesday reported a loss of $86 million in its first quarter. On a per-share basis, the Haifa, Israel-based company said it had a loss of 72 cents. The container shipping company posted revenue of $1.4 billion in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ZIM at https://www.zacks.com/ap/ZIM

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) reported a net loss of $86 million for the first quarter ended March 31, 2026, reversing from net income of $296 million recorded in the same period last year. Shares of the shipping company fell more than 2% in pre-market trading following the results. Quarterly revenue dropped to $1.40 billion from $2.01 billion a year earlier as softer shipping demand and lower freight rates weighed on performance. Carried volume decreased to 866,000 twenty-foot equivalent units (TEUs), compared with 944,000 TEUs in the first quarter of 2025. Average freight rates per TEU declined to $1,310 from $1,776 in the prior-year period. Operating results deteriorated significantly, with ZIM posting an operating loss (EBIT) of $18 million versus operating income of $464 million a year earlier. Adjusted EBITDA fell to $313 million from $779 million, while adjusted EBITDA margin narrowed to 22% from 39%. Adjusted EBIT showed a loss of $5 million, compared with adjusted EBIT of $463 million in the same quarter last year. Loss before income taxes totaled $98 million, compared with pre-tax profit of $381 million in the prior-year quarter. A tax benefit of $12 million partially reduced the loss. Diluted loss per share came in at $0.71, compared with diluted earnings per share of $2.45 a year ago. Net cash generated from operating activities declined to $263 million from $855 million in the first quarter of 2025. Free cash flow also dropped sharply to $235 million from $787 million. Capital expenditures were reduced to $31 million from $78 million a year earlier. As of March 31, 2026, net debt stood at $2.93 billion, unchanged from a year earlier, while the company’s net leverage ratio increased to 1.7x from 1.3x at the end of 2025. ZIM President and Chief Executive Eli Glickman said the quarter reflected a “softer freight rate environment, coupled with weaker demand,” adding that the conflict in the Persian Gulf “has sparked a sharp increase and significant volatility in bunkering costs.” He added that the company expects “a more meaningful effect in the second quarter, before our actions to offset these costs, including increased freight rates and bunker-specific surcharges, begin to take hold.” The company also announced that it will not pay a dividend for the first quarter, citing its dividend policy and the quarterly net loss. On Febru...

Reported First Quarter Revenues of $1.40 Billion, Net Loss of $86 Million, Adjusted EBITDA1 of $313 Million and Adjusted EBIT1 Loss of $5 Million HAIFA, Israel, May 20, 2026 /PRNewswire/ -- ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) ("ZIM" or the "Company"), a global container liner shipping company, announced today its consolidated results for the three months ended March 31, 2026. First Quarter 2026 Highlights Net loss for the first quarter was $86 million (compared to a net income of $296 million in the first quarter of 2025), or diluted loss per share of $0.712 (compared to diluted earnings per share of $2.45 in the first quarter of 2025). Adjusted EBITDA for the first quarter was $313 million, a year-over-year decrease of 60%. Operating loss (EBIT) for the first quarter was $18 million, compared to operating income of $464 million in the first quarter of 2025. Adjusted EBIT loss for the first quarter was $5 million, compared to Adjusted EBIT of $463 million in the first quarter of 2025. Revenues for the first quarter were $1.40 billion, a year-over-year decrease of 30%. Carried volume in the first quarter was 866 thousand TEUs, a year-over-year decrease of 8%. Average freight rate per TEU in the first quarter was $1,310, a year-over-year decrease of 26%. Net leverage ratio1 of 1.7x as of March 31, 2026, compared to 1.3x as of December 31, 2025; net debt1 of $2.93 billion as of March 31, 2026, compared to net debt of $2.92 billion as of December 31, 2025. Eli Glickman, ZIM President & CEO, stated, "Our first quarter results were broadly in line with our expectations, reflecting a softer freight rate environment, coupled with weaker demand. Importantly, as the proposed transaction with Hapag-Lloyd moves forward and we continue to navigate the ongoing hostilities affecting Israel and the Middle East, ZIM remains firmly focused on service reliability and disciplined execution. We appreciate the strong support of our valued customers, who have remained engaged and constructive throughout this period." Mr. Glickman added, "The conflict in the Persian Gulf has sparked a sharp increase and significant volatility in bunkering costs. While the impact on first quarter results was minimal, we expect a more meaningful effect in the second quarter, before our actions to offset these costs, including increased freight rates and bunker-specific surcharges, begin...

ZIM Integrated Shipping Services ZIM is set to report first-quarter 2026 results on May 20, before the market opens. The Zacks Consensus Estimate for the to-be-reported quarter has narrowed to a loss of 22 cents per share over the past 60 days. In the year-ago quarter, ZIM reported EPS of $2.45. Currently, the Zacks Consensus Estimate for quarterly revenues is pegged at $1.59 billion, indicating a year-over-year decrease of 20.6%. Image Source: Zacks Investment Research For 2026, the Zacks Consensus Estimate for ZIM’s revenues is pegged at $5.87 billion, implying a contraction of 14.9% year over year. The consensus mark for 2026 loss per share is pegged at $7.24, compared with earnings of $3.08 in 2025. In the trailing four quarters, this shipping company’s earnings surpassed estimates in two quarters (missing the mark on the other occasions). The average miss is 13.5% ZIM Integrated Shipping Services price-eps-surprise | ZIM Integrated Shipping Services Quote Our proven model does not predict an earnings beat for ZIM this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. This is not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. ZIM has an Earnings ESP of 0.00% and a Zacks Rank #3 at present. You can see the complete list of today’s Zacks #1 Rank stocks here. We expect the company’s bottom-line performance is likely to have been hit by escalated voyage operating costs. Elevated fuel costs due to the unrest in the Middle East are also likely to have hurt the bottom-line performance. High labor costs are likely to have been a spoilsport. An update on the tariff concerns is also expected on the first-quarter conference call. The latest takeover bid for ZIM, by an Israeli investor group led by businessman Haim Sakal, is likely to be discussed on the conference call. This latest bid, which was submitted recently to acquire full ownership of ZIM for $4.5 billion in cash, challenges an existing merger agreement with German shipping giant Hapag-Lloyd and Israel’s FIMI fund. A decrease in freight rates and carried volume is expected to have hurt revenues in the to-be-reported quarter. However, continued fleet expansion initiatives are likely to have driven the company’s performance in the to-be-repor...

Pangaea Logistics (PANL) came out with quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to a loss of $0.03 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +120.00%. A quarter ago, it was expected that this maritime logistics company would post earnings of $0.18 per share when it actually produced earnings of $0.16, delivering a surprise of -11.11%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Pangaea Logistics, which belongs to the Zacks Transportation - Shipping industry, posted revenues of $170.58 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 6.98%. This compares to year-ago revenues of $122.8 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Pangaea Logistics shares have added about 14% since the beginning of the year versus the S&P 500's gain of 8.1%. While Pangaea Logistics has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Pangaea Logistics was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the co...

A.P. Moller-Maersk (AMKBY) came out with quarterly earnings of $0.06 per share, missing the Zacks Consensus Estimate of $0.11 per share. This compares to earnings of $0.37 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -45.46%. A quarter ago, it was expected that this company would post earnings of $0.12 per share when it actually produced earnings of $0.02, delivering a surprise of -83.33%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. A.P. Moller-Maersk, which belongs to the Zacks Transportation - Shipping industry, posted revenues of $12.97 billion for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 5.62%. This compares to year-ago revenues of $13.32 billion. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. A.P. Moller-Maersk shares have added about 3.9% since the beginning of the year versus the S&P 500's gain of 7.6%. While A.P. Moller-Maersk has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for A.P. Moller-Maersk was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of t...

Kirby (KEX) came out with quarterly earnings of $1.5 per share, beating the Zacks Consensus Estimate of $1.41 per share. This compares to earnings of $1.33 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +6.76%. A quarter ago, it was expected that this barge operator would post earnings of $1.62 per share when it actually produced earnings of $1.68, delivering a surprise of +3.7%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Kirby, which belongs to the Zacks Transportation - Shipping industry, posted revenues of $844.1 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 0.25%. This compares to year-ago revenues of $785.66 million. The company has topped consensus revenue estimates just once over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Kirby shares have added about 38.5% since the beginning of the year versus the S&P 500's gain of 4.2%. While Kirby has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Kirby was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be...

HAIFA, Israel, April 29, 2026 /PRNewswire/ -- ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) announced today that the Company will release its first quarter 2026 financial results on Wednesday, May 20, 2026, before the U.S. financial markets open. In light of the pending merger transaction with Hapag-Lloyd announced by the Company on February 17, 2026, the Company will not be holding a conference call. About ZIM Founded in Israel in 1945, ZIM (NYSE: ZIM) is a leading global container liner shipping company with operations in more than 90 countries, serving over 30,000 customers across more than 300 ports worldwide. ZIM leverages digital strategies and a commitment to ESG values to provide customers innovative seaborne transportation and logistics services and exceptional customer experience. ZIM's differentiated global-niche strategy, based on agile fleet management and deployment, covers major trade routes with a focus on select markets where the company holds competitive advantages. Additional information about ZIM is available at www.ZIM.com. ZIM Contacts Media: Avner Shats ZIM Integrated Shipping Services Ltd. +972-4-865-2520 [email protected] Investor Relations: Elana Holzman ZIM Integrated Shipping Services Ltd. +972-4-865-2300 [email protected] Leon Berman The IGB Group 212-477-8438 [email protected] Logo - https://mma.prnewswire.com/media/1933864/ZIM_Logo.jpg View original content:https://www.prnewswire.com/news-releases/zim-to-release-first-quarter-2026-results-on-wednesday-may-20-2026-302757055.html

A month has gone by since the last earnings report for ZIM Integrated Shipping Services (ZIM). Shares have lost about 9.1% in that time frame, underperforming the S&P 500. But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is ZIM due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its latest earnings report in order to get a better handle on the important catalysts. ZIM Integrated Shipping Services Ltd. reported fourth-quarter 2025 loss per share of 58 cents, which was narrower than the Zacks Consensus Estimate of a loss of $1.01. In the year-ago reported quarter, ZIM reported earnings per share of $4.66. Revenues of $1.48 billion beat the Zacks Consensus Estimate of $1.41 billion but declined 31.5% from the year-ago quarter. The downside was due to the decrease in freight rates and carried volume. Carried volume in the fourth quarter decreased 9% year over year to 898 thousand TEUs (twenty-foot equivalent units). Average freight rate per TEU in the fourth quarter decreased 29% year over year to $1,333. Adjusted EBITDA for the fourth quarter was $327 million, down 66% on a year-over-year basis. Adjusted EBITDA margins for the fourth quarter of 2025 fell to 22% from 45% in the year-ago quarter. Adjusted EBIT was $13 million in the fourth quarter of 2025 compared with $658 million in the year-ago quarter. Adjusted EBIT margins in the fourth quarter of 2025 fell to 1% from 30% in the year-ago quarter. ZIM exited the fourth quarter with cash and cash equivalents of $1.05 billion compared with $1.29 billion at the end of the previous quarter. ZIM generated $375 million of cash from operating activities in the fourth quarter of 2025. Free cash flow was $232 million. ZIM’s board of directors declared a regular cash dividend of almost $106 million, or $0.88 per ordinary share. The dividend will be paid on March 26, 2026, to shareholders of record as of March 20, 2026. For 2025, ZIM has made dividend payments amounting to total $240 million, or $1.99 per share, reflecting almost 50% of 2025 net income. Analysts were quiet during the last two month period as none of them issued any earnings estimate revisions. At this time, ZIM has a subpar Growth Score of D, however its Momentum Score is doing a bit better with a C. However, the stoc...

ZIM Integrated Shipping Services (ZIM) reported Q4 earnings Monday of $0.32 per diluted share, down

HAIFA, Israel (AP) — HAIFA, Israel (AP) — ZIM Integrated Shipping Services Ltd. (ZIM) on Monday reported earnings of $38.1 million in its fourth quarter. The Haifa, Israel-based company said it had net income of 32 cents per share. Losses, adjusted for asset impairment gains, were 58 cents per share. The container shipping company posted revenue of $1.48 billion in the period. For the year, the company reported profit of $479.2 million, or $3.98 per share. Revenue was reported as $6.9 billion. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ZIM at https://www.zacks.com/ap/ZIM