Nvidia shares pop as analysts dismiss AI bubble concerns
HAIFA, Israel - On Thursday, ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) reported third-quarter earnings that exceeded analyst expectations, despite a significant decline in freight rates and volume compared to the same period last year.
The company’s shares rose 0.96% in pre-market trading following the announcement.
The Israeli shipping company posted adjusted earnings of $1.02 per share, surpassing the analyst consensus estimate of $0.92. Revenue came in at $1.78 billion, slightly below the $1.79 billion analysts had expected and down 36% YoY. The company carried 926,000 TEUs (twenty-foot equivalent units) in the quarter, a 5% decrease from the previous year, while average freight rates fell 35% to $1,602 per TEU.
Despite the challenging market conditions, ZIM raised its full-year 2025 guidance, now expecting adjusted EBITDA between $2.0 billion and $2.2 billion, up from its previous forecast of $1.8 billion to $2.2 billion. The company also increased its adjusted EBIT guidance to between $700 million and $900 million from $550 million to $950 million previously.
"Our business resilience was evident in the third quarter, during which we delivered solid earnings while navigating a volatile rate environment, influenced by a complex geopolitical landscape, frequent changes in tariff policies and an ongoing global trade war," said Eli Glickman, ZIM President & CEO.
The company declared a quarterly dividend of $0.31 per share, representing approximately 30% of quarterly net income. Since its IPO about five years ago, ZIM has distributed approximately $5.7 billion to shareholders.
Looking ahead, ZIM acknowledged that fourth-quarter market conditions have weakened but remains confident in its long-term strategy. "We believe our differentiated commercial strategy, enhanced fleet profile, and improved cost structure position ZIM to weather near-term volatility and deliver long-term value for shareholders," Glickman added.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.