Q4 24 EPS
$4.66
BEAT +33.45%
Est. $3.49
Q4 24 Revenue
$2.17B
BEAT +7.28%
Est. $2.02B
vs S&P Since Q4 24
+33.8%
BEATING MARKET
ZIM +66.4% vs S&P +32.6%
Full Year 2024 Results
FY 24 EPS
$17.82
BEAT +6.42%
Est. $16.74
FY 24 Revenue
$8.43B
BEAT +2.72%
Est. $8.20B
Market Reaction
Did ZIM Beat Earnings? Q4 2024 Results
ZIM Integrated Shipping Services capped a remarkable turnaround with a blowout fourth quarter, posting earnings per share of $4.66 against a consensus estimate of $3.49, a beat of 33.45%, while revenue of $2.17 billion topped expectations by 11.49% a… Read more ZIM Integrated Shipping Services capped a remarkable turnaround with a blowout fourth quarter, posting earnings per share of $4.66 against a consensus estimate of $3.49, a beat of 33.45%, while revenue of $2.17 billion topped expectations by 11.49% and nearly doubled year-over-year, rising 79.8% from the same period in 2023. The primary engine behind the results was a powerful combination of freight rate recovery and record carried volumes, with the average freight rate per TEU climbing 71% to $1,886 and shipment volume hitting a record 982 thousand TEUs, the third consecutive quarter of record throughput. Net income of $563 million reversed a year-ago loss of $147 million, underscoring how completely the company's fortunes have shifted. Shares responded sharply, jumping more than 10% as investors digested the scope of the recovery. Looking ahead, ZIM guided for 2025 Adjusted EBITDA of $1.60 billion to $2.20 billion, with management cautioning that geopolitical uncertainty and ongoing Red Sea disruptions will shape the trajectory of the year.
Key Takeaways
- • 71% year-over-year increase in average freight rate per TEU to $1,886 in Q4
- • Record carried volume of 982 thousand TEUs in Q4, up 25% year-over-year
- • Third consecutive quarter of record carried volume
- • 14% volume growth for full year 2024, significantly outpacing market growth of approximately 6%
- • Fleet transformation with larger, cost- and fuel-efficient vessels
- • New capacity deployed on Asia to U.S. East Coast trade
- • Successful expedited services to the U.S. West Coast
- • Expanded presence in Latin America
- • Red Sea disruptions contributing to elevated freight rates
ZIM YoY Financials
Q4 2024 vs Q4 2023, source: SEC Filings
ZIM Revenue by Segment
With YoY comparisons, source: SEC Filings
“We are pleased and proud with the Company's outstanding performance in 2024, during which we delivered record carried volume as well as exceptional profitability. Based on our continued progress upscaling our capacity and optimizing our cost structure, we reported our best results ever, excluding the extraordinary COVID period. Consistent with our commitment to returning capital to shareholders, the dividend declared today, together with the dividends distributed during 2024, total $7.98 per share, or $961 million, representing approximately 45% of our full year net income.”
— Eli Glickman, Q4 2024 Earnings Press Release
ZIM Earnings Trends
ZIM vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
ZIM EPS Trend
Earnings per share: estimate vs actual
ZIM Revenue Trend
Quarterly revenue: estimate vs actual
ZIM Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $-1.37 | $-0.71 | +48.28% | $1.40B | -4.02% |
| Q4 25 BEAT FY | $-1.00 | $0.32 | +132.00% | $1.49B | -3.39% |
| FY Full Year | $2.74 | $3.98 | +45.26% | $6.90B | -0.30% |
| Q3 25 MISS FY | $1.06 | $1.02 | -3.60% | $1.78B | +2.34% |
| FY Full Year | $2.74 | — | — | — | — |
| Q2 25 MISS | $1.30 | $0.19 | -85.38% | $1.64B | -5.93% |
| Q1 25 BEAT | $1.96 | $2.45 | +24.85% | $2.01B | +9.06% |
| Q4 24 BEAT FY | $3.49 | $4.66 | +33.45% | $2.17B | +7.28% |
| FY Full Year | $16.74 | $17.82 | +6.42% | $8.43B | +2.72% |