Home Equities Score Zim Integrated Shipping Services Ltd. (ZIM) stock soars during pre-market. Here’s to...

Zim Integrated Shipping Services Ltd. (ZIM) stock soars during pre-market. Here’s to know why?

Zim Integrated Shipping Services Ltd. (NASDAQ: ZIM) stock gained by 1.68% at last close while the ZIM stock price further rise during pre-market by 3.84%. ZIM Integrated Shipping Services is a multinational, asset-light container liner shipping firm that holds market-leading positions.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

Financial Highlights

On May 19, 2021, ZIM announced its first-quarter 2021 financial results. Given below is the summary:

5 Stocks Under $10 That Are Poised to Take Off

Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck.

Add them to your watchlist before they take off!

Get the Top 5 Stocks Now!

Sponsored

  • Total sales for the first quarter of 2021 were $1.74 billion, up from $823.2 million in the first quarter of 2020, owing to a rise in containerized shipping revenues, which reflected rises in both freight prices and transported capacity.
  • Operating revenue was $683.5 million in the first quarter of 2021, compared to $24.9 million in the first quarter of 2020.
  • The first quarter of 2021 brought in $589.6 million in net revenue, relative to a loss of $11.9 million in the first quarter of 2020.
  • In the first quarter of 2021, adjusted EBITDA was $820.5 million, equivalent to $97.2 million in the first quarter of 2020. In the first quarter of 2021, adjusted EBIT was $687.8 million, up from $27.2 million in the first quarter of 2020. For the first quarter of 2021, adjusted EBITDA and adjusted EBIT margins were 47 percent and 39 percent, respectively. In the first quarter of 2020, these figures were 12 percent and 3%, respectively.
  • The first quarter of 2021 produced $777.4 million in net cash from operational operations, compared to $101.6 million in the first quarter of 2020.
  • In the first quarter of 2021, ZIM transported 818 thousand TEUs, up from 638 thousand TEUs in the first quarter of 2020. In the first quarter of 2021, the average freight cost per TEU was $1,925, relative to $1,091 in the first quarter of 2020.

    Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

Provided Insight on full-year 2021

Zim Integrated Shipping Services raised its full-year outlook, forecasting Adjusted EBITDA of $2.5 billion to $2.8 billion and Adjusted EBIT of $1.85 billion to $2.15 billion in 2021.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Aprea Therapeutics Inc. (APRE) stock soars during current market trading. What’s the update?

Aprea Therapeutics Inc. (NASDAQ: APRE) stock gained by 41.03% at the last check in the current market trading. Aprea Therapeutics is a pharmaceutical business...

Roblox Corp. (NASDAQ: RBLX) stock falls during pre-market trading session. What’s happening?

Roblox Corp. (NASDAQ: RBLX) stock gained by 2.28% at last close while the RBLX stock price declines by 8.13% in the pre-market trading session....

Can-Fite BioPharma Inc. (CANF) stock soars during current market. Why so?

Can-Fite BioPharma Inc. (NASDAQ: CANF) stock gained by 4.42% in the current market trading session. Can-Fite BioPharma Ltd. is a medication research company in...

UXIN stock surges during current market. Here’s to know why?

Uxin Ltd. (NASDAQ: UXIN) stock gains by 14.67% at last check during current market trading. In China, Uxin Limited is a prominent online used...

Opgen Inc. (OPGN) stock surged during pre-market session. What’s driving it high?

Opgen Inc. (NASDAQ: OPGN) stock declined by 1.84% at the last close whereas the OPGN stock price gains by 22.07% in the pre-market trading...

Aprea Therapeutics Inc. (APRE) stock soars during current market trading. What’s the update?

Aprea Therapeutics Inc. (NASDAQ: APRE) stock gained by 41.03% at the last check in the current market trading. Aprea Therapeutics is a pharmaceutical business...

TAL Education Group (TAL) stock is tumbling today: What’s Going on?

Shares of the TAL Education Group (TAL) stock were tumbling in the current market trading session today on June 16, 2021, without any obvious...

SPI Energy Inc. (SPI) stock surged in the current market trading. Here’s the update

SPI Energy Inc. (NASDAQ: SPI) stock soars by 15.42% during the current market trading session. SPI Energy is an international renewable energy company that...

Related News

Ocugen Inc. (OCGN) stock surged during pre-market trading session. Here’s what you should know?

Ocugen Inc. (NASDAQ: OCGN) stock gained by 2.12% at last close while the OCGN stock price soars during pre-market trading by 4.95%. Ocugen, Inc....

Avenue Therapeutics Inc. (ATXI) stock plunged during pre-market trading. What’s behind this?

Avenue Therapeutics Inc. (NASDAQ: ATXI) stock declined by 28.27% at last close while the ATXI stock price falls during pre-market as well, by 8.94%....

Unique Fabricating Inc. (UFAB) stock gains during pre-market trading. Let’s figure out why?

Unique Fabricating Inc. (NASDAQ: UFAB) stock declined by 1.21% at the last close while the UFAB stock price tends to rise by 40.67% in...

Torchlight Energy Resources Inc. (TRCH) stock soars during after-hour session. Let’s see why?

Torchlight Energy Resources Inc. (NASDAQ: TRCH) stock gained by 14.74% at last close while the TRCH stock price further rose by 16.48% in the...

Orphazyme A/S (ORPH) stock is Popping High in Pre-Market today: Here’s to know Why?

Shares of Orphazyme A/S (ORPH) stock were popping high in the pre-market today on June 14, 2021, after dropping with more than half of...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.

Get Notified Of Insider Trades, Analyst Upgrades & Downgrades, Earnings Updates & Best Stocks To Trade Every Single Morning

100% free. stop anytime no spam