• ZIM Integrated Shipping Services Ltd ZIM.N reported quarterly adjusted earnings of 19 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $3.08. The mean expectation of five analysts for the quarter was for earnings of 81 cents per share. Wall Street expected results to range from -41 cents to $1.90 per share.

• Revenue fell 15.4% to $1.64 billion from a year ago; analysts expected $1.74 billion.

• ZIM Integrated Shipping Services Ltd's reported EPS for the quarter was 19 cents​.

• The company reported quarterly net income of $22.8 million.

• ZIM Integrated Shipping Services Ltd shares had fallen by 3.4% this quarter and lost 27.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 33.7% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "sell" and the breakdown of recommendations is no "strong buy" or "buy," 3 "hold" and 5 "sell" or "strong sell." The average consensus recommendation for the marine freight & logistics peer group is "buy."

• Wall Street's median 12-month price target for ZIM Integrated Shipping Services Ltd is $14.80, about 5.1% below its last closing price of $15.55

This summary was machine generated from LSEG data August 20 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)