ZIM Integrated Shipping (ZIM) Misses Q1 EPS by 39c, Revenue In-Line, Offers Guidance

ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) reported Q1 EPS of $0.75, $0.39 worse than the analyst estimate of $1.14. Revenue for the quarter came in at $1.56 billion versus the consensus estimate of $1.56 billion.

Updated Full-Year 2024 Guidance

The Company increased its guidance for the full year of 2024 and now expects to generate Adjusted EBITDA between $1.15 billion and $1.55 billion and Adjusted EBIT between zero and $400 million. Previously, the Company expected to generate Adjusted EBITDA between $850 million and $1,450 million and Adjusted EBIT between a loss of $300 million and earnings of $300 million.

For earnings history and earnings-related data on ZIM Integrated Shipping Services Ltd. (ZIM) click here.

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